Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Charter issued for Ohios first Latino CU
TOLEDO, Ohio (6/4/10)--Ohio has a new state-chartered credit union--Nueva Esperanza (New Hope) Community CU in Toledo, which is the state’s first Latino credit union. The Ohio Division of Financial Institutions issued the state charter, conditioned upon attaining share insurance and bond coverage. The credit union is in the process of obtaining both, with the National Credit Union Administration and CUNA Mutual Group, respectively, said the Ohio Credit Union League (eLumination Newsletter June 2). Founding Nueva Esperanza Community CU “has been a long and tedious process, and [the incorporators, VIVA South Toledo Community Development Corp., and leaders of the Latino community] are to be commended for seeing it through,” said Barry Shaner, CEO of Directions CU in Toledo, who played an instrumental role in making the new credit union a reality. “It has been many years since a new credit union charter has been granted in Ohio, and what you have accomplished is a very rare feat in today’s world. I know I speak for all the credit unions in Ohio when I say ‘Welcome!’" Shaner told the credit union. “We are anxious to help you in your next steps, and can hardly wait to see the good things you will do for your community.” The credit union will move into its renovated facility--a former library outfitted with furniture and fixtures donated by several credit unions across the state--later this month, and a “soft opening” is anticipated this summer. The Ohio Credit Union Foundation leveraged a $69,500 Innovation Grant from the National Credit Union Foundation to help charter Nueva Esperanza (News Now Jan. 22, 2009).
Other Resources

RSS print
News Now LiveWire
Falling #gas prices: Pros, cons for U.S. economy #NewsNow #Market http://t.co/XWwwERwe7e
12 hours ago
Members of Interstate FCU have voted to merge with Credit Union of Southern California https://t.co/yYeSWEG4GH
14 hours ago
.@InfinityFCU has named Liz Hayes as president/CEO. Hayes was formerly EVP and chief administrative offficer at @Affinity_Plus
14 hours ago
.@wpcu battles Speedway in round 3 of Dayton Brand Madness via @DBJnews http://t.co/EbQL5f9be8
16 hours ago
New at #NewsNow: Fed regulators approve new #QRM rule. http://t.co/Bdz5q43xjZ
16 hours ago