Hector lived in the United States for 17 years and never had a bank account. He always used cash. Three years ago, he heard about LCCU from friends in his community. Hector began with a savings and checking account. Soon after, he started using a debit card, which made managing his finances much easier. Later, he learned that he needed to create credit. He spoke with the loan officer to understand how to create credit.
Hector is a fruit vendor and was using a small compact car to run his business. With the help of LCCU, Hector bought a truck that allows him more room for his inventory as well as advertising. Since joining LCCU, he has learned how to better manage his finances, develop his credit history, formalize his business, and gain trust in financial institutions.
He said that “he is very happy with the help that La Cooperativa has given him and now he has trust in putting his money in a financial institution.”