Deyanira del Rio’s testimony on Fostering Economic Growth: The Role of Financial Companies.
“As banks continue to consolidate and become further removed from communities and local economies, community development financial institutions (CDFIs) play an increasingly important role in stimulating small business, affordable housing and other development in economically distressed neighborhoods, through fair and transparent loans and investments. CDFI-certified credit unions, including LES People’s, serve more than eight million people across 46 states and, despite serving low income communities, exceed the financial growth and performance of their mainstream peers.” Read Full Testimony
On December 5, 2016, LES People’s Board of Directors approved the following statement, reaffirming our credit union’s commitment to our members and to the fight for economic and social justice.
The Board further resolved to donate all new member fees ($5 per member) in December to La Colmena, a community job center in Staten Island, in solidarity and support of its work with day laborers. We encourage all who are divesting from big banks to invest in LES People’s or another community development credit union in your area.
Join us to celebrate International Credit Union Day on October 20, 2016 when LES people’s FCU, along with more than 56,000 credit unions around the world, emphasize the founding principles of the credit union movement. Win an “Authentic Difference” t-shirt. Read More