What is Juntos Avanzamos?
Juntos Avanzamos – Together We Advance – is a designation for credit unions committed to serving and empowering Hispanic consumers.
To earn the Juntos Avanzamos designation, Ascentra has demonstrated that it is committed to financial inclusion and development of its institutional capacity to meet the needs of Hispanics and immigrant consumers.
First developed by the Cornerstone Credit Union League as a Hispanic outreach program in Texas, the number of Juntos Avanzamos credit unions is expanding rapidly; today the network includes 100 credit unions in 26 states, Puerto Rico and the District of Columbia.
By the Numbers:
- 45.8 million (1 out of 8 residents).
- In 2019, Hispanics represent 19.5 percent of the U.S. population and are the second fastest growing population segment since 2009.
- There are over 170 thousand Hispanics in Iowa and as a demographic, they are projected to grow to almost half a million by 2050.
- Illinois boasts the 5th largest Hispanic population in the U.S. with over 2 million Hispanics.
- One out of every two Hispanic households is unbanked or underbanked, which significantly limits asset building opportunities available to this fast growing community.
- Hispanic businesses grew 40.2 percent from 2012 to 2018 – more than twice the 18.8 percent growth rate of other U.S. firms.
Community Development Credit Unions and Inclusiv:
Immigrants are a large and vibrant part of the US economy and a key audience in the low- and moderate-income communities that Community Development Credit Unions (CDCUs) serve.
In many communities, however, immigrants remain largely unbanked and vulnerable to predatory financial service providers. Inclusiv is working with member CDCUs to demonstrate that serving immigrants is both a sustainable business strategy and vital to fulfilling our collective goal of helping people of modest means achieve financial independence.
Inclusiv is leading the national expansion of Juntos Avanzamos, in partnership with the Network of Latino Credit Unions and Professionals(NLCUP); Coopera, Iowa-based consultants to the industry on the Hispanic market; and a growing number of state leagues and associations across the country.
Fixed Rate Mortgage10 & Done (10 Year Fixed)5View Mortgage Loans%
Vehicle LoansNew & Used Auto as Low as2.50View Vehicle Loans% APR
SavingsBase Share Savings Starting at0.05View Savings Accounts% APY
Credit CardsNo Balance Transfer Fee. 6-Mo. Intro Balance Transfer2.99View Credit Cards% APR
Making Cents Jun 6, 2022
Buying a New Home or Refinancing? Learn How We Can Help
News May 18, 2022
A Letter From Our CEO
Making Cents Apr 30, 2022
Romance Scams and Financial Fraud in Online Dating
Making Cents Apr 22, 2022
Financial Literacy: Budgeting, Spending and Maintaining your Finances
Making Cents Apr 20, 2022
Before Applying for a Student Loan
News Apr 14, 2022
Ascentra Credit Union Wins Three Diamond Awards in 2022 Competition
Making Cents Apr 14, 2022
Financial Literacy: Understanding Your Credit
Making Cents Apr 13, 2022
Summer Sun, Fun … And Money!
Making Cents Apr 12, 2022
Help Kids Get Money-Savvy
Making Cents Apr 11, 2022
What Newbie Home Buyers Need to Know
Making Cents Apr 5, 2022
Financial Literacy: Why It’s Important and How We Can Help
News Apr 1, 2022
A Look Back at Our First Year Together
News Mar 30, 2022
Partnering with the TMBC at The Lincoln Center to Raise Awareness
News Mar 16, 2022
Raising Money for Youth Programs
News Feb 9, 2022
Ascentra’s Ride 50 promotion Raises $23,100 for the Salvation Army
Making Cents Jan 12, 2022
Show Your Wallet Some Love!
News Jan 3, 2022
More Than a Credit Score
News Jan 3, 2022
Ascentra Selected for Philanthropy Award