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CU System
CDCU to test self-service kiosks for unbanked
MONTVALE, N.J., and NEW YORK, N.Y. (3/6/08)--A new Community Development Partner will team up with New York community development credit unions (CDCUs) for a pilot project that would test self-service kiosks in communities with high numbers of underserved and unbanked consumers. Tellagent LLC, a credit union service organization (CUSO) of the $374 million assets Paragon FCU, Montvale, N.J., has joined the National Federation of Community Development Credit Unions as a Community Development Partner, said the federation. The CUSO will deploy kiosks in a number of CDCUs in New York City. Lower East Side People's FCU will be the first credit union to participate. The federation's Community Development Partners program sees to engage a broader spectrum of credit unions in the work of CDCUs. "Larger, 'traditional' credit unions bring substantial resources and technical expertise in the delivery of financial services," said Pablo DeFilippi, director of membership services at the federation. "CDCUs bring their mission-driven focus and vast experience in serving underserved markets, which makes them ideal partners for larger credit unions looking to do more in low-income communities." To view a full list of the federation's Community Development Partners, use the resource link.
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