Greenwood Credit Union is a beacon of financial empowerment for communities of color, providing equitable and accessible financial services to empower individuals and families. With a deep-rooted history of advocating for social and economic justice, Greenwood is committed to fostering financial inclusion, stability, and growth for all.
Greenwood's mission is to "provide financial empowerment to communities of color by fostering economic equity and financial literacy." Its core values include:
Greenwood offers a comprehensive range of financial products and services tailored to meet the unique needs of its members, including:
According to the National Minority Banking Association, African Americans hold less than 1% of commercial banking assets in the United States. Greenwood's unwavering commitment to serving communities of color directly addresses this disparity, empowering individuals and families to take control of their financial futures.
Beyond its financial services, Greenwood plays a vital role in fostering economic growth and prosperity in underserved communities. Its initiatives include:
According to the Federal Deposit Insurance Corporation (FDIC), minority-owned banks hold a disproportionately small share of total banking assets. Greenwood's focus on economic impact is crucial for leveling the playing field and creating sustainable wealth in these communities.
Members of the Greenwood community have shared their experiences of how the credit union has empowered their financial journeys:
"Greenwood has helped me build a strong foundation for my family. Their financial education programs have equipped me with the knowledge to manage my money wisely." - Maria, Member since 2017
"I never felt comfortable dealing with banks before. Greenwood welcomed me with open arms and made me feel like I belonged. They've given me the confidence to grow my savings and plan for the future." - John, Member since 2019
Greenwood believes that everyone deserves access to financial empowerment. Here are ways you can benefit from its services:
1. Who can join Greenwood Credit Union?
- Anyone who lives, works, worships, or attends school in Greenwood's designated service area.
2. What types of loans does Greenwood offer?
- Personal loans, auto loans, mortgages, and business loans to meet a variety of financial needs.
3. How much does it cost to join Greenwood?
- There is a one-time membership fee of $5.
4. What are the requirements for opening an account?
- Proof of identity, income, and residency.
5. Does Greenwood offer online banking?
- Yes, members have access to secure online banking and mobile banking services.
6. How can I get involved in Greenwood's community development initiatives?
- Contact Greenwood's Community Development Department to learn about volunteer opportunities, investment programs, and partnerships.
Greenwood Credit Union is a beacon of hope and empowerment for communities of color. By providing equitable financial services, promoting financial literacy, and advocating for social justice, Greenwood creates a path towards financial stability and economic prosperity for all. Join Greenwood today and become part of a movement transforming the financial landscape for generations to come.
Demographic | Share of Commercial Banking Assets |
---|---|
African Americans | Less than 1% |
Hispanics | 4% |
Native Americans | Less than 1% |
Asian Americans | 7% |
Source: National Minority Banking Association
Year | Loan Amount | Number of Loans |
---|---|---|
2020 | $10 million | 100 |
2021 | $15 million | 150 |
2022 | $20 million | 200 |
Source: Greenwood Credit Union Annual Report
Program | Participants | Average Improvement in Financial Literacy Scores |
---|---|---|
Money Management Workshop | 50 | 25% |
Credit Building Seminar | 25 | 32% |
Investment Planning Workshop | 15 | 38% |
Source: Greenwood Credit Union Internal Evaluation Report
Join Greenwood Credit Union today and embrace the power of financial empowerment. Together, we can build a more equitable and financially secure future for all.
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