Durham Will Host National Comunity Development Credit Union Summit

Durham, NC, April 01, 2006 --(PR.com)-- Two national credit union conferences will be taking place this summer in Durham, North Carolina, back to back.

The 4th Latino Credit Union Conference will be held from Wednesday, June 7th, through Thursday, June 8th. The 32nd Annual Meeting of the National Federation of Community Development Credit Unions will take place Thursday, June 8th, through Saturday, June 10th. Location: Marriott Durham Civic Center, 201 Foster Street, Durham, NC 27701. To register for the conference & for more information, go to:

“Our theme this year looks to honor our cooperative heritage while focusing on the collective future of our movement,” said a Federation representative. “We chose Durham as the site of our meeting because of the great opportunities for education and inspiration. Durham’s Main Street is a main street for the Community Development Credit Unions (CDCU) movement: in the space of a few blocks, you’ll find three of the most innovative, important credit unions in the country.
• Latino Community Credit Union (LCCU), the fastest growing start-up in CDCU history, with more than 40,000 members in its first five years.
• Self-Help Credit Union and its affiliates, which have developed a multi-billion dollar secondary market and many new financial products.
• Generations Community Credit Union, which has combined a number of CDCUs to preserve credit union service in communities where it otherwise would have disappeared.
• The North Carolina Minority Support Center, which has developed shared back-office services for CDCUs.”

The conference includes a great line-up of national policy leaders, including United States Treasurer Anna Escobedo Cabral, new National Credit Union Administration (NCUA) Vice-Chair Rodney Hood, and the Department of the Treasury’s Community Development Financial Institutions Fund (CDFI) Director, Art Garcia.

Martin Eakes, CEO of Self-Help CU will deliver an address on the status of the fight against predatory lending, and Jim Blaine, CEO of the nation’s second-largest credit union, North Carolina’s State Employees’ CU, will give his unique perspective on the credit union movement today.

Latino Community Credit Union (LCCU) was founded in 2000 in Durham. It now has 5 branches throughout North Carolina and more than 42,000 members. It is one of the largest Latino financial institutions in the state. In fact, LCCU is one of the fastest growing credit unions in the nation.

The National Federation of Community Development Credit Unions was established in 1974 by a coalition of credit union leaders dedicated to revitalizing low-income communities. The Federation’s mission is to strengthen the credit unions that serve low-income, urban, and rural communities -- known as "community development credit unions," or CDCUs. The federation carries out its mission by advocating for and providing financial, technical, and human resources to CDCUs.

Latino Community Credit Union
Angel Romero
(919) 688-9270