Community Promise Federal Credit Union, the Community Development Credit Union that recently opened in the Edison Neighborhood, is holding an open house and community celebration on February 26.
The event will be held at the Edison Neighborhood Association office at 816 Washington Avenue, just around the corner from Community Promise, from 5 – 7 p.m. The credit union, located at 1313 Portage Street, will be open during the reception, and everyone is encouraged to stop by.
Community Promise’s Board Chair, Jim Houston, says that the event provides the Community Promise team with an opportunity to acknowledge and thank the many organizations and individuals who helped it earn its federal charter. “It will also provide an opportunity for community members, particularly residents of Edison, to learn about the services we will provide,” Houston added.
Kalamazoo Mayor Bobby J. Hopewell, who will deliver welcoming remarks at the event, notes that the services that Community Promise are very much needed. “Too many Kalamazoo residents fall prey to payday lenders and other similar businesses,” he noted. “I am pleased that Community Promise will provide Kalamazoo residents with access to fair and affordable financial services.”
Community Promise’s CEO, Mike Ross is excited about expanding financial literacy. “Education is at the core of what we do,” Ross said. “We want to empower our members by providing them with the knowledge and tools to make sound decisions.”
Community Promise will be partnering with Kalamazoo Public Schools and Communities in Schools of Kalamazoo to teach basic money management skills to students at the neighborhood’s elementary schools. “Data show a correlation between student savings accounts and academic success,” according to Office Manager Chris Shults.
