FARMERS BRANCH, Texas (3/22/12)--The Texas Credit Union League (TCUL) has awarded five Texas credit unions the Juntos Avanzamos designation, which signifies a credit union has a long-term vision and commitment to serving the needs of the Hispanic market.
The designation also alerts the Hispanic community that it can receive friendly, affordable financial services at these "capacity to serve" or "Juntos Avanzamos" institutions (LoneStar Leaguer March 21).
The five credit unions who received the designation are Caprock FCU, Lamesa; Coastal Community FCU, Galveston; One Source FCU, El Paso; River City FCU, San Antonio; and Security Service FCU, San Antonio.
"Access to affordable financial services is essential to achieving financial stability," said Gary Williams, chair of the TCUL International Relations Committee. "These recently designated Juntos Avanzamos credit unions have demonstrated that they have the infrastructure in place to effectively serve the unbanked and underserved Hispanics in their respective communities."
Texas is home to the second largest Hispanic population in the U.S. Hispanics represent a significant unbanked/underserved population and pay substantially more for basic financial services from alternative financial providers such as payday lenders, TCUL said.