Community Impact

LCCU has been extraordinarily effective at reaching its Target Market of low-income and/or Hispanic individuals. Over 95% of LCCU’s members are immigrant Latinos, while the vast majority is low-income. LCCU’s comparative advantage is that it provides a full range of affordable products and services needed by immigrants and other low-income individuals in a fully bilingual, multicultural setting.

By providing access to affordable financial services, including millions in consumer and mortgage loans, LCCU enhances its ability to positively impact tens of thousands of immigrant Hispanics and low-income individuals, and increase investments in distressed communities.

Mortgage Lending

LCCU began originating first mortgages in May 2004. Since then, LCCU has provided over $31 million in financing. LCCU helps hardworking, low-income families build wealth and stronger communities.

Financial Education

The credit union works closely with Spanish-speaking media to promote financial education and inform members about the benefits of using financial institutions. This includes local and regional newspapers.

LCCU has formalized using word-of-mouth in its Financial Education program through peer educators, who help to inform and educate their communities. Because of the incredible power of this form of marketing, especially in Latino communities who are struggling to understand a new financial system, high quality member service and appropriate products and pricing are crucial to LCCU’s performance.

LCCU sends a monthly statement to all of its members that includes a two-page newsletter that reports on new products, financial education workshop offerings and financial tips.

Find out more here

Financial Education – LCCU has developed a unique bilingual financial education program covering a full range of financial topics.

Impact Statement – LCCU has provided millions in financing to thousands of members. See LCCU’s current impact statement.

Member Stories – LCCU’s members use affordable products and services to help save money and create wealth to improve their opportunities for a better future.