Latino Credit Union

There are thousands of young, undocumented immigrants in North Carolina, dreaming of going to the school of their choice, finding a good job and getting a driver’s license.   Many of these ‘dreamers’ are waiting for official papers from the federal government after applying through the ‘Deferred Action for Childhood Arrivals’ program.  But in this state, they’re also waiting to find out for if their new legal status warrants a ‘No Lawful Status’ banner stamped on their driver’s licenses.

The Latino Community Credit Union is offering a special “Dreamer Loan” for undocumented youth applying for the government initiative called “Deferred Action for Childhood Arrivals.”

New research shows getting so-called "unbanked" people into the formal banking system can be good for the community. Alejandro Sanchez works for the Latino Credit Union in Durham. He says the study from the University of Virginia listed several advantages to bringing banking to previously unserved areas.