NorCalUrban

Here's a recent article about the credit union project. Our grand opening was yesterday - more updates to come... First credit union shows signs of success Plan aims at low-interest loans for East Palo Alto By Banks Albach / Daily News Staff Writer John Liotti has a vision for East Palo Alto, and it involves low-interest loans. With the support and help of several community members, Liotti last December launched Community Trust Credit Union, the city's first credit union. He's hoping that a combination of cheaper car loans and mortgages, eventual small business financing and an alternative to the expensive check cashing outlets in the city will help locals save and succeed financially. Liotti said the credit union can offer members car loans 5 to 10 percent lower than banks. The credit union will celebrate its grand opening today. "This community has been amazingly under-banked," Liotti said inside his credit union office on Bay Road. "Our goal is to move pe...

Article found  at EPA.net. Community Trust Credit Union of East Palo Alto Is Open For Business Community Trust Credit Union of East Palo Alto opened its doors for business on Wednesday, December 19, 2007. After three years of planning, much hard work, and unwavering faith, the dream of a mainstream financial institution owned and governed by the residents of East Palo Alto is a reality. Why is this important? Because the people of East Palo Alto and surrounding communities will now have easy access to high quality, low-cost financial services to take care of their everyday needs and a way to build assets for the future. Community Trust Credit Union (CTCU) is a full-service, not-for-profit financial institution that has been established since 1961. Under the leadership of President and CEO Joe Duran, CTCU has become one of the most respected community development credit unions in the country largely because of its mission “to provide excellent personal service” to all of its mem...