Latino Community Credit Union

Editor’s note: A few years ago, I attended a personal finance course offered by the Latino Community Credit Union. I was impressed then and still am with the effort the LCCU puts into working with the Latino community and coaching those new to the United States through the intricacies of a complex banking system. Here is the text of the story as it appeared in the Raleigh News & Observer in November 2010.

 Latino credit union helps Hispanics make sense of the U.S. economic system

By Lucy Hood

Liliana Concha Pérez is a stickler for paying credit card bills on time, for not accumulating debt, and for making sure that both her customers and her students understand the potential pitfalls.

“I have never made a late payment,” she told a small group of immigrants gathered at the main office of the Latino Community Credit Union in Durham. “And I am proud of that.”

Concha Pérez is manager of the LCCU’s branch office in Durham. She also conducts workshops offered by the credit union to help its largely Hispanic client pool grasp the basics of personal finance.

Throughout a recent seven-week course there was one recurring theme: the enormous difference between personal finance practices in the United States and in Latin America.

“In the United States,” Concha Pérez said, “it is extremely important to have a credit record.”

The New Enriques


Twelve years ago, Sonia Nazario published a Pulitzer Prize winning series of articles in the Los Angeles Times called Enrique’s Journey. It was a powerful account of one boy’s overland odyssey from Honduras to the United States to find his mother.

Enrique, who had not seen his mother in 11 years, made eight attempts to get through Mexico. It took him four months, he traversed a total of 12,000 miles, and along the way, he was badly beaten, slept in sewage tunnels as well as trees, and at one point, went for two days without a drop of water.

And he was one of the lucky ones. He made it, and he made it alive.

In Mexico, Nazario said, the immigrant children who travel solo to the United States “are hunted like animals. . . by people who are trying to rob them, rape them, or deport them.”

Nazario made these comments at a recent convention held by the National Council of Teachers of English (NCTE). She distributed copies of her book Enrique’s Journey, including a young adult version, and spoke to teachers about the power of storytelling.

She said she found that a certain kind of storytelling made a difference, the kind that allowed her to humanize an issue, to explore it in-depth and to tell it through “one powerful thread,” which in this case was Enrique’s journey.

enrique's journey book 2More than anything, she said, “I’ve searched for stories that moved me on an emotional level, that made the hair stand up on my arm.

“That’s my barometer of a good story, because you know what? If they move me, they might move you to read to the end, to become educated, maybe to do something to better the problem I’m describing.”

By retracing Enrique’s steps, Nazario told the story of tens of thousands of other children who were coming from Central America and Mexico to the United States illegally, on their own, and in many cases, in search of a parent.

At the time, roughly 48,000 such children were coming to the United States every year. In the past three years, she said, their numbers have increased tenfold, and their motivation is even more stark now than it was then.

Today, she said, “these children are fleeing some of the most violent places on Earth. They are being conscripted by gangs and by narco cartels to join up or be killed.”

Nazario went back to Honduras last summer and visited Enrique’s hometown. Elementary schools in his neighborhood, she said, are now controlled by the drug cartels. A sixth grader she interviewed said three of his friends had been killed for refusing to do the bidding of drug gangs; and girls face the same fate if they refuse to go out with gang leaders.

One girl named Milagro told Nazario that “it’s better to leave than to have them kill me here.”

Enrique's Journey bookThe majority of children coming to the United States today, she said, “are no different from children recruited as child soldiers in Sudan. Most of these children are refugees.”

Nazario’s speech at the NCTE convention coincided with the announcement of President Barack Obama’s latest round of immigration reform measures, ones that would allow an estimated 5.2 million undocumented immigrants to stay in the country legally.

Nazario applauded Obama for implementing policies that would enable undocumented parents to stay in the United States with their citizen children, but she also said that standard policy procedures are not enough — especially when it comes to immigrant kids.

“We must,” she said, “get beyond the same three, tired approaches we keep trying to use to solve the immigration issue —  guest worker programs, border enforcement on steroids, and pathways to citizenship.”

What’s needed, she said, is a solution “focused on addressing this exodus at its source in terms of helping to create change in countries where violence, corruption, and bad governance [are] pushing droves of children to leave.”

“Up for Grabs”

         The future of immigrant kids

Source: "Up for Grabs" report, Migration Policy Institute

A fourth of all young adults in the United States, an estimated 11.3 million people, are either immigrants or the children of immigrants. They represent a diverse group of people from all over the globe. Some are rich, some poor, some educated, some not. What binds them is their newness to the United States and an age range — 16 to 26 — that’s particularly pertinent to colleges and universities. A report called Up for Grabs  by the Washington-based Migration Policy Institute slices and dices the numbers to find out who the 11.3 million are and what the U.S. education system can do to help them finish college and get well-paying jobs. Here are a few statistics: 6.5 million were born in the United States.; 4.8 million were born abroad; more than half are Hispanic; 7.1 million are bilingual; 3 million are limited English proficient; nearlly half live in three states — California, Texas and New York; and 90 percent live in 22 states.