concourse fund • credit union & check casher
DESCRIPTION
Concourse Fund • Credit Union & Check CasherTRANSCRIPT
WHAT’S OFFERED AT FORDHAM
∙ 30 Volunteer Hours
∙ Partner Organization
∙ Two Written Reflections
∙ One Graded Credit
EXPERIENCE
∙ Involvement
∙ Bethex Federal Credit Union
∙ Reflecting
∙ Way More Than One Credit
Service Learning
bethexfcu.org concoursefund.org
Problem one
Failing ‘Micro’credit Unions
Who • Faith Based Credit Unions
Where • BX • BK • Harlem
Why • Lack of Volunteers
Asset Size
•$33M - $9.1M
•$8.1M - $988K
•$851K - $682K
•$548K - $370K
•$332K - $264K
•$257K - $136K
•$124K - $60,000
‘Micro’Credit Union Locations
wecare4cu.org concoursefund.org
Unbanked & Underbanked
Who • Minorities
Where • Low Income Clusters
Why • Bank Fees
Unbanked Populations NYC
Source: NYC office of financial empowerment concoursefund.org
Problem two
Solution
Credit Union
Consultation
Microcredit
Financial Education
concoursefund.org
Entrepreneurship
Savings
Tax
THINK | Impact
concoursefund.org
On the Horizon • Using ACH Technology to Promote Inclusion
Credit Union • Check Casher Partnership
Unbanked and Bank Branches Automated Clearing House