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In Business: CommunityWorks Federal Credit Union!

Posted by: Rionne Ridgeway on Tuesday, September 16, 2014

On September 9th the Greenville Chamber had the honor of being part of the ribbon cutting for an institution that will literally have a positive impact on hundreds- if not thousands- of Greenville residents’ lives.  Focused on “Educating* Lending* Investing”, CommunityWorks Federal Credit Union (FCU) is where better credit starts, and they aren’t your average credit union.  “CommunityWorks FCU is a Community Development Credit Union (CDCU), specializing in helping people meet their financial goals regardless of their financial history.” CommunityWorks FCU is Educating by, “Providing more than just loans and deposit accounts; we offer one-on-one financial counseling as well as access to educational resources and workshops.” They are Lending by, “Offering low-interest loans to consolidate high-interest accounts, pay off collections and other items negatively affecting a member’s credit.” They are Investing by, “Investing in our members’ futures by providing a safe environment for them to build assets and cultivate their financial skills which enables members to save for emergencies, start their own business, or save for retirement.” Coleman Shouse, Chairman of the Board for the non-profit CommunityWorks, made special mention of all of the banks/bankers who have helped CommunityWorks FCU get started and who were also in attendance joking, “Traditionally banks and credit unions don’t get along.  Fortunately, there are a lot of banks here who don’t know about that rule.” The success of CommunityWorks FCU is truly the result of community-wide support from all areas.  According to John Malone, Chairman of the Board of Directors for CommunityWorks FCU, “CommunityWorks FCU is the first federally chartered credit union in South Carolina in the last 15 years.”  Since their soft opening in July, CommunityWorks FCU has almost 200 members and has issued close to 50 loans.  CommunityWorks FCU “specializes in providing financial solutions to members regardless of their financial history.  Their goal is to provide loans and accounts to their members and educate them on how to improve their financial wellbeing.” Malone’s final statement says it all, “If you breathe air in Greenville County, you too can join this credit union for as little as $15.” If you are interested in learning more about the power of social investment please visit CommunityWorks FCU’s website at www.CommunityWorksFCU.org, or give them a call at 438-2421.

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