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Credit Unions Are a Place of Opportunity for Immigrants

Point West CU's CEO responds to the CU Times article, "Trump, Immigration and Credit Unions."

By Amy Nelson | Updated on March 31, 2017

Editor’s note: This letter was written in response to the CU Times article “Trump, Immigration and Credit Unions,” published on Feb. 22, 2017.

In recent months, the viability of lending to immigrants has been called into question across the financial services industry. In response, credit union movement leaders, such as the National Federation of Community Development Credit Unions, have responded to this concern, sharing insight, data and trends that dispel this perceived risk and highlight the opportunities that exist in helping non-citizens thrive economically. As a credit union steeped in helping our immigrant members since 2004 when Point West Credit Union in Portland, Ore., merged in Hacienda Credit Union, we can tell you – those credit union leaders are absolutely right.

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