CHICAGO — The Woodstock Institute, an occasional critic of how well credit unions are serving low-income members has released the first case study from a program which aims to help CUs improve in that area.
The Building Community Assets program seeks to help pair credit unions with community groups in underserved areas. In this instance, the group is the Fresno West Coalition for Economic Development (FWCED) and the credit union is the $414 million Fresno County Federal Credit Union (FCFCU).
After hitting a roadblock in creating a partnership with a credit union, FWCED sought the technical assistance of the Woodstock Institute, which proved to be vital for facilitating a relationship between FWCED and FCFCU, the Institute reported.
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