VACAVILLE – Travis Credit Union has launched a series of forums on financial inclusion in the counties of Solano, Contra Costa and Yolo.
The long-term goals of the forum are to connect with community leaders and partners whose goals align with the credit union’s goal of creating an inclusive, non-judgmental environment for underbanked people to develop and to build wealth, according to a press release.
These efforts will include an in-depth study of community needs, partnership collaboration, and expanded language options for financial education.
“Economic development, technological advancements and demographic changes provide us with a unique opportunity to provide quality, inexpensive financial services to the under-banked members of our community,” said Nav Khanna, Executive Vice President of Travis Credit Union , in the press release. “This goal is clear and achievable if the public and private sectors work together and coordinate our efforts. “
This coalition drew local leaders in business, education, government and the nonprofit community to chart a course for making full financial inclusion a reality, according to the press release.
The leaders of the credit union recognize that many people in the local community face difficulties that prevent them from fully participating in political, economic and social life, according to the press release. Disadvantage is often based on social identity, which can include, among others, gender, age, location, occupation, color, ethnicity, religion, citizenship status, disability , sexual orientation and gender identity.
Lisette Estrella-Henderson, Superintendent of Schools for Solano County, said financial literacy and inclusion are fundamental to building equitable communities and achieving success throughout life.
“The Solano County Office of Education is delighted to be invited to the forum and to partner with Travis Credit Union in their efforts to expand community access to reliable financial information and products,” said she said in the press release. “We look forward to amplifying their reach and will continue to partner to reach the youth of Solano County.”
Tamuri LeAnne Richardson, president of the Solano County Black Chamber of Commerce, said she liked the way Travis Credit Union wanted to not only make sure she was doing her part to improve the community, but that she was ready to have difficult conversations to be able to ensure they sufficiently affect all communities, and particularly disenfranchised communities, according to the press release.
“Because of a long history of financial and lending discrimination against many people, especially people of color, we must promote financial education in our schools and in the community at large,” Richardson said in the statement. . “We will support and work with Travis and encourage our community of all races, but especially Blacks and Hispanics, to take a leap of faith and be part of the change they want to see.”
Travis Credit Union’s goal for years has been to help underserved people and create new avenues for them to achieve financial stability and well-being, according to the press release. The Credit Union was recognized in July as one of the Bay Area’s Top Philanthropic Companies for implementing several member financial assistance initiatives and distributing over $ 3 million to 120 community partners and nonprofits that provide essential services and PPE equipment during this pandemic.
As a community development financial institution, Travis Credit Union uses its resources to help those it serves to become self-reliant and thrive, including those in the community with limited access to safe and secure financial services, according to the Press release. In its role as a Low Income Designated Credit Union, Travis Credit Union offers benefits that are not available to non-low income Designated Credit Unions. These benefits are designed to help credit unions serve members known to have difficulty accessing traditional financial products and services.
In recognition of its commitment to serving and empowering Hispanic and immigrant members, Travis Credit Union was awarded the Juntos Avanzamos (Together We Move) designation.
Travis Credit Union, headquartered in Vacaville, is a non-profit cooperative financial institution serving those who live or work in Solano, Yolo, Sacramento, Placer, San Joaquin, Stanislaus, Napa, Contra Costa, Alameda, Sonoma , Colusa and La Merced counties.
It is the 12th largest credit union in California with more than 217,000 members and more than $ 4.7 billion in assets, according to the press release.