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CU System
Latino CDC awarded 100000 for new branch
DURHAM, N.C. (3/6/08)--The Winston-Salem Foundation has awarded a $100,000 grant to Latino Community Development Center (Latino CDC) to support the opening of a Latino Community CU (LCCU) branch. The new branch will be in Winston-Salem, N.C., which is in Forsyth County. Forsyth County has the third-largest Latino population in the state, but it has no financial institution and education program tailored to the needs of Latinos. LCCU’s members will be better served by the new branch, according to the credit union. The branch will offer bilingual, bicultural financial services and education to the rapidly growing underserved Latino community, LCCU said. “The opening of the Winston-Salem branch in these uncertain economic times is proof that we have confidence in this country,” said Roger Montes, regional manager for the Triad area. “Our members in Winston-Salem and nearby counties will appreciate the convenience of a new location closer to their homes.” The full-service branch in the Waughton section of Winston-Salem will provide all the transaction services, deposit products, consumer loans and mortgage products available at LCCU’s other five branches throughout North Carolina. The new location also will offer financial education workshops to members and the larger community. The Winston-Salem Branch of LCCU is tentatively scheduled to open in May 2008.


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