Blogs

Credit unions are a powerful player in the US financial services industry. With nearly two trillion dollars in assets, $1.16 trillion in outstanding loans and 120 million members, the five thousand federally insured credit unions play a particularly critical role in marginalized communities: they have a 50% higher proportion of branches in low income areas and are better connected with BIPOC communities than larger banks.

Purchasing a home is a complex and often opaque process – and a process that is increasingly out of reach for millions of individuals and families. That was certainly true for Bryan Young’s mother.