From L to R: Alicia Portada of LESPFCU, Amarfis Olivares of WHEDco, a housing and economic development organization, and Ayasilis Nunez of LESPFCU. From L to R: Alicia Portada of LESPFCU; Amarfis Olivares of WHEDco, a housing and economic development organization; and Ayasilis Nunez of LESPFCU.

Seven banks closed 17 branches from 2018 to 2021 in the Bronx, which has the highest rates of unbanked and underbanked households, the lowest concentration of bank branches per household, and the highest percentage of Black and Latino residents (who are among the poorest people in New York City), according to the Association for Neighborhood & Housing Development (ANHD).

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Credit Union Management