Community organizations lack the resources to establish a new credit union,
while credit unions have difficulty penetrating underserved markets. In these
four cases, a strategic partnership helped bridge the gap.
For many Chicago region households, affordable housing is rental housing. With 35 percent of the foreclosures filed in 2007 affecting multi-family rental units, what can be done to keep these units on the market?
Getting a payday loan in Illinois means choosing
between one with strong consumer protections and one without. Read why that
choice isn’t nearly as easy as it sounds.
With over 20 million households unbanked and
many more under-banked or expensively banked, providing access to basic, affordable
financial services is a high priority for bringing lower-income
families into the financial mainstream.
Woodstock Institute staff provides regular technical assistance to community organizations, media outlets, policy makers, and financial institutions. This assistance includes developing lending analyses, new data sources, program evaluations, and product development.
The Board of Directors of Woodstock Institute is pleased to announce the
appointment of Dory M. Rand as its sixth president.
“Dory Rand brings a
wealth of community reinvestment knowledge and proven ability to shape
financial services policy to promote real world benefits for lower-income
people,” says Woodstock Institute Chairperson Ada Skyles.
Foreclosures on multi-family
buildings are clearly a problem, and on an even larger scale than suggested in a recent Chicago Tribune
article (Foreclosure’s
Hidden Victims,” June 8, 2008).
Building Community Assets: Growing Lower-Income Credit Union Membership through Community and Credit Union Partnerships
