The long struggle to the American
Dream for some becomes even more of a battle when they have no partner
to work with them in dealing with the financial aspects of the fight.
The dream of home ownership, saving for a child’s college education, or
investing for the future is seldom achieved when an individual’s primary
financial institution is the local pawnshop, title loan company or check-cashing
outlet.
Accessing the American Dream
can become a reality for more Americans with an approach of empowerment
for both individuals and communities. With their demonstrated heartbeat
for extending service to folks from all walks of life, credit unions can
be the financial partner many Americans are missing in their struggle
for a piece of this nation’s economic pie.
It is important that credit
unions and the National Credit Union Administration (NCUA) as regulator/insurer
realize that credit unions are part of the solution to this nation’s problems
of the lack of economic empowerment and growth in predatory lending.
We must work to see that America’s credit unions continue its strong performance
in meeting these needs and extend that service even further. Access Across
America will seek to build on efforts by credit unions to create and by
NCUA to facilitate economic empowerment for people from walks of life.
Every day, credit unions are
providing the access for millions of Americans to reach for their part
of the American Dream. NCUA is likewise working daily to make sure that
our regulatory process facilitates this outreach without sacrificing safety
and soundness. Together we are seeing great progress.
Access Across America is our
re-statement of our commitment to seeing that progress continue and manifest
itself in the lives of more Americans who need access to financial empowerment
through credit union membership eligibility and the resulting access to
low-cost financial services.
Access Across America is an
initiative of the
National Credit Union Administration
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