© 2025 WFAE

Mailing Address:
WFAE 90.7
P.O. Box 896890
Charlotte, NC 28289-6890
Tax ID: 56-1803808
90.7 Charlotte 93.7 Southern Pines 90.3 Hickory 106.1 Laurinburg
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Another Latino credit union opens in Charlotte

http://66.225.205.104/SO20081215.mp3

Cooperativa Latina says more and more people in the area are seeking its services. And a spokeswoman says existing members in Charlotte were having to drive long distances to get to its Independence Boulevard location. Cooperativa Latina spokeswoman Erika Bell says membership of the Durham-based credit union is growing. She says, "There's a demand out there for responsible services, for people who've never had a bank account and who are trying to figure out how to incorporate themselves into the mainstream." Bell says a majority of the credit union's 50,000 members are low-income Latinos and Spanish-speakers. She emphasizes the business is designed to help people assimilate into the U.S. banking system. Bell says if customers move on to mainstream banking, the credit union has succeeded.