LULAC and CEAC form national partnership to promote minority access to credit and financial literacyMortgagePress.comCitizens for Equal Access to Credit, League of United Latin American Citizens, credit
Citizens for Equal Access to Credit (CEAC), a multicultural
non-profit coalition, announced that the League of United Latin
American Citizens (LULAC) is joining CEAC. LULAC, which is
America's largest and oldest Hispanic organization made the
decision to join CEAC by a unanimous vote by its Board at its
recent meeting in Washington, D.C. The two groups plan to undertake
several important initiatives to promote access to credit in the
Hispanic community including a series of financial literacy events
in communities across the U.S. as well as educating decision makers
on the importance of remaining sensitive to historically
underserved consumers in today's credit crisis.
"We are very pleased to welcome LULAC as the newest member of
Citizens for Equal Access to Credit," said CEAC Executive Director
Javier Cuebas. "LULAC's extensive outreach and network within the
national Hispanic Community and its long standing commitment to
promoting fairness and economic well being for minority communities
will allow us to take our efforts to promote financial literacy and
minority access to credit to a new level."
"Promoting and protecting economic opportunity for our members
and providing the capabilities for them to succeed in today's
marketplace is a top priority for LULAC, especially in these
challenging times," said LULAC Executive Director, Brent Wilkes.
"It is vitally important that decision makers understand that as
they move to protect consumers, they must also protect fair access
to credit in minority and underserved communities."
The two groups plan to undertake a series of financial literacy
events in selected communities across the U.S. in the coming
months. CEAC and LULAC also announced joint efforts to educate
decision makers at all levels of government about the importance of
protecting minority access to credit.
"It has been estimated that over 70 million people in the U.S.
today would not qualify for a 'prime' credit card, placing them in
the 'sub-prime' category," said Cuebas. "As Congress and the
Federal Reserve Board continue to take important steps to protect
consumers it is essential that decision makers understand the real
life impact of their every aspect of their proposals to avoid
harming the very people they are trying to help."
LULAC is the largest and oldest Hispanic civil rights
organization in the United States. LULAC advances the economic
condition, educational attainment, political influence, health and
civil rights of Hispanic Americans through community-based programs
operating at more than 700 LULAC councils nationwide.
Historically, LULAC has focused heavily on education, civil
rights, and employment for Hispanics. LULAC councils provide more
than a million dollars in scholarships to Hispanic students each
year, conduct citizenship and voter registration drives, develop
low income housing units, conduct youth leadership training
programs, and seek to empower the Hispanic community at the local,
state and national level.
Citizens for Equal Access to Credit is comprised of past and
present low limit credit card customers, leading national minority
organizations, providers of low limit credit cards, Chambers of
Commerce, small business associations, and groups and individuals
from across the nation.
Citizens for Equal Access to Credit seeks to create a positive
dialogue between leading national organizations representing
minorities and other key stakeholders to promote positive change in
our credit market.
For more information, visit www.equalaccesstocredit.org.