Garner, NC  - Latino Community Credit Union (LCCU) celebrated its grand opening of its newest branch in Garner (Wake County) in North Carolina on Monday, August 10.  Guest speakers included Garner Mayor Ronnie Williams, Senator Josh Stein, Jerrie Jay, Administrator of the North Carolina Credit Union Division, Tony Asión, Executive Director of El Pueblo, and Pilar Rocha Executive Director of El Centro Hispano.

LCCU has grown to serve over 50,000 members across the state of North Carolina. By focusing on providing bilingual, bicultural, affordable financial services to its members, LCCU has become the fourth largest community development credit union in membership throughout the United States, and the third largest credit union in North Carolina.

In only nine years, LCCU has financed over 15,700 loans for a total of $173 million, primarily for consumer purposes. Since it first began offering mortgages in mid-2004, LCCU has made 373 mortgages for $37 million. With $25.5 million in funds wired abroad, LCCU is the national leader among credit unions in remittances. Over 10,000 participants have attended LCCU’s in-branch financial education workshops since 2000.

“Latino Credit Union has accomplished so much in only 9 years since it opened in 2000, I am excited to see what Latino Credit Union will be doing ten years from now,” says Senator Josh Stein.

Latino Community Credit Union is a certified Community Development Financial Institution (CDFI), community based and member-owned non-profit financial institution offering bilingual financial services, better credit options, and financial education to the North Carolina Latino community and other unbanked people. Founded in 2000 as a grassroots response to a wave of robberies and muggings of Latino immigrants in Durham, North Carolina, LCCU has become a national model for credit unions and other financial institutions seeking to serve unbanked, immigrant communities.