Parkside Credit Union (PSCU)
This Western Montana based Union is one of the real-world banking providers that has really impressed people. For more than 20 years, PSCU has undergone a rapid expansion with the aim of reaching the underserved western Montana market.
It has a well-updated funding program that is guided by purpose, passion, and pride. Earlier, it passed the loan finance charges so as to increase nonprofit loans to serve all communities.
A program that supports cooperative movements was started in 2015 to enhance a local level relationship between the union and other non-profit organisations.
The PSCU program has also partnered with Hockaday Arts Museum, Literacy Center of Montana, and Flathead Valley CASA – Childhood advocacy program.
This coordination level between community service organisations and community banks is entirely unique. The program has benefited many local organisations by availing access to quick loans.
Nusenda Credit Union
Based in New Mexico, Nusenda Credit Union has positively driven economic mobility in communities which have a lower income. It offers effective solutions that help entrepreneurs to overcome barriers associated with borrowing.
This lending union, which is commonly known as “Co-op Capital”, combines microlending with community sponsorship. A mutual trust relationship exists between the members and the affiliates, hence making it easy to lend without credit worthiness issues.
Various community organizations like co-ops, associations, networks, and unions access low-interest loans via Nusenda depository accounts. Co-op capital does not require any credit reporting. This has made the union to not only empower many entrepreneurs, but also be ranked as one of the top community banking providers in the world.
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