{"id":45892,"date":"2016-05-31T16:39:00","date_gmt":"2016-05-31T20:37:00","guid":{"rendered":"http:\/\/hispanicprwire.com\/kinectanix-neighborhood-lending-and-juntos-avanzamos-bring-new-financial-inclusion-milestone-to-los-angeles\/"},"modified":"2016-05-31T16:42:05","modified_gmt":"2016-05-31T20:42:05","slug":"kinectanix-neighborhood-lending-y-juntos-avanzamos-alcanzan-un-nuevo-logro-en-el-camino-hacia-la-inclusion-financiera-en-los-angeles","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/kinectanix-neighborhood-lending-y-juntos-avanzamos-alcanzan-un-nuevo-logro-en-el-camino-hacia-la-inclusion-financiera-en-los-angeles\/","title":{"rendered":"Kinecta\/NIX Neighborhood Lending And Juntos Avanzamos Bring New Financial Inclusion Milestone To Los Angeles"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p\/>\n<p\/>\n<p><span class=\"xn-location\">LOS ANGELES<\/span>, <span class=\"xn-chron\">May 31, 2016<\/span> \/PRNewswire-HISPANIC PR WIRE\/\u00a0&#8212; Today, Kinecta\/NIX Neighborhood Lending became the largest<i> Juntos Avanzamos<\/i> (Together We Advance) designated credit union in <span class=\"xn-location\">California<\/span>. \u00a0It is the 50<sup>th<\/sup> credit union to be evaluated for the nationwide designation, a new and important milestone for the program.<\/p>\n<p>In the U.S., minorities remain largely unbanked and vulnerable to predatory financial service providers.\u00a0 Originated in 2005, <i>Juntos Avanzamos<\/i> recognizes commitments from credit unions seeking to empower the Hispanic consumer and serve the Hispanic market more effectively.\u00a0 To qualify, credit unions must demonstrate that they have flexible loan underwriting and CIP policies, offer affordable credit, savings and transaction services, and that they make their products, services and financial education accessible to Spanish-speakers.\u00a0 The National Federation of Community Development Credit Unions (the Federation) leads a nationwide expansion of the program in collaboration with the California Credit Union League and a number of other industry partners.\u00a0 <\/p>\n<p>In recognition of the honor, executives from Kinecta\/Nix and the Federation of CDCU, together with Senior Vice President, Member Solutions of California Credit Union League Larry Palochik, joined <span class=\"xn-location\">Los Angeles<\/span> elected officials, local business and community leaders, as well as credit union members to celebrate a<i> Juntos Avanzamos<\/i> flag raising ceremony at Nix Neighborhood Lending, located at 1009 W. Martin Luther King Jr. Blvd., <span class=\"xn-location\">Los Angeles<\/span>. \u00a0Opening remarks were delivered by Kinecta President and CEO <span class=\"xn-person\">Keith Sultemeier<\/span>, and by NIX President <span class=\"xn-person\">Luis Peralta<\/span>, who accepted the <i>Juntos Avanzamos<\/i> flag and proclamation from the Federation Senior Vice President <span class=\"xn-person\">Pablo DeFilippi<\/span>. Guest speakers included <span class=\"xn-person\">Luis Manuel Lopez<\/span> from the Mexican Consulate and <span class=\"xn-person\">Linda Lopez<\/span>, Deputy Mayor for Immigrant Affairs. Also in attendance were members of the community, supporters and NIX employees who helped celebrate the designation.<\/p>\n<p>&#8220;As Nix approaches its 50-year anniversary of serving the residents of <span class=\"xn-location\">Los Angeles<\/span>, we are honored to be recognized for our commitment to the Hispanic community,&#8221; said Peralta.\u00a0 &#8220;This accreditation is an important acknowledgement of the efforts Nix and Kinecta have put in place in order to expand access for marginalized minorities to affordable small-dollar credit and to help build credit for consumers who don&#8217;t fit the traditional borrower model.&#8221;<\/p>\n<p>&#8220;Kinecta\/NIX is the largest credit union in <span class=\"xn-location\">California<\/span> to join our effort and we salute their leadership, vision and commitment to financial inclusion for underserved communities throughout <span class=\"xn-location\">Los Angeles<\/span>,&#8221; said DeFilippi.\u00a0 &#8220;Juntos Avanzamos seeks to provide consistency around product delivery, institutional requirement and documentation requirements that identifies participant credit unions as Hispanic-friendly.\u00a0 The program is a bridge to connect consumers with credit unions committed to financial inclusion.&#8221; <\/p>\n<p><b>About Kinecta FCU<br \/><\/b>Kinecta Federal Credit Union (kinecta.org) is one of the nation&#8217;s largest credit unions, with approximately <span class=\"xn-money\">$3.80 billion<\/span> in assets; 22 branches; three retail mortgage centers; 30 Nix customer service centers and 10 Kinecta branches at Nix locations; and more than 282,000 members nationwide. Kinecta offers its members a full range of financial products through the Credit Union and its subsidiaries, Kinecta Financial &amp; Insurance Services and Kinecta Alternative Financial Solutions, dba Nix Neighborhood Lending (nixlending.com).<\/p>\n<p><b>About NIX Neighborhood Lending<br \/><\/b>For nearly 50 years, NIX Neighborhood Lending has served as a trusted financial partner to consumers throughout greater Los Angeles.\u00a0 A subsidiary of Kinecta Federal Credit Union, NIX&#8217;s clear, convenient financial solutions help consumers break the cycle of debt, improving financial health, and align with the Center for Financial Services Innovation&#8217;s Compass Principles, guidelines that affirm standards of excellence for small-dollar financial products.\u00a0 A strong community partner to local worthy organizations including <i>Para Los Ni\u00f1os<\/i>, Green Dot Public Schools, and Parents of Watts, NIX is endorsed by the National Federation of Community Development Credit Unions and its <i>Juntos Avanzamos<\/i> (Together We Advance) initiative, which works to ensure credit unions meet the financial needs of underserved Hispanics nationwide.\u00a0 Each of NIX&#8217;s more than 30 branches is professionally staffed by employees that live in the community.\u00a0 For more information about NIX, please visit <a href=\"http:\/\/www.nixlending.com\/\" target=\"_blank\" rel=\"nofollow\">www.nixlending.com<\/a> and &#8220;Like&#8221; us on Facebook.<\/p>\n<p><b>About Juntamos Avanzamos <br \/><\/b><i>Juntos Avanzamos<\/i>, Together We Advance, is a designation for credit unions committed to serving and empowering Hispanic consumers, and was developed by the Cornerstone Credit Union League,\u00a0which represents <span class=\"xn-location\">Arkansas<\/span>, <span class=\"xn-location\">Oklahoma<\/span> and <span class=\"xn-location\">Texas<\/span>. The Federation, working with the Cornerstone League and Coopera, <span class=\"xn-location\">Iowa<\/span>-based consultants to the industry on the Hispanic market, the Network of Latino Credit Unions and Professionals (NLCUP), the California Credit Union League and other industry partners, work together to bring the program to a national credit union audience.\u00a0 Visit <a href=\"http:\/\/www.cdcu.coop\/initiatives\/serving-underserved-markets\/immigrants\/juntos-avanzamos\" target=\"_blank\" rel=\"nofollow\">http:\/\/www.cdcu.coop\/initiatives\/serving-underserved-markets\/immigrants\/juntos-avanzamos<\/a><\/p>\n<p\/>\n<p\/>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p \/>\n<p \/>\n<p><span class=\"xn-location\">LOS ANGELES<\/span>, <span class=\"xn-chron\">May 31, 2016<\/span> \/PRNewswire-HISPANIC PR WIRE\/\u00a0&#8212; Today, Kinecta\/NIX Neighborhood Lending became the largest<i> Juntos Avanzamos<\/i> (Together We Advance) designated credit union in <span class=\"xn-location\">California<\/span>. \u00a0It is the 50<sup>th<\/sup> credit union to be evaluated for the nationwide designation, a new and important milestone for the program.<\/p>\n<p>In the U.S., minorities remain largely unbanked and vulnerable to predatory financial service providers.\u00a0&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-45892","post","type-post","status-publish","format-standard","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/45892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=45892"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/45892\/revisions"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=45892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=45892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=45892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}