Curated News
By: NewsRamp Editorial Staff
September 09, 2024
Filene and CEI Institute Launch REE Incubator to Address Economic Disparities
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- Credit unions benefit from innovative solutions to address racial economic disparities, gaining a competitive edge in their communities.
- The REE Incubator project utilizes a cohort-coaching model to develop effective solutions to mitigate racial disparities in underserved communities.
- The initiative fosters collaboration between credit unions and community stakeholders, creating greater improvements in economic equity within underserved communities.
- The Catalyst Award recognizes Kaua'i Federal Credit Union for their down payment assistance and green lending program, projecting $1 million in green lending in 2024.
Impact - Why it Matters
This news matters as it highlights a collaborative effort to tackle racial economic disparities and empower underserved communities. The project not only demonstrates the commitment of credit unions and community partners to address societal issues but also showcases the potential for significant impact on economic equity within communities.
Summary
The Filene Research Institute, in collaboration with the CEI Institute, launched the Racial Economic Equity (REE) Incubator project to address economic disparities in underserved communities. The initiative brought together 9 credit unions and 11 community partners to develop solutions focused on racial economic equity, resulting in various programs such as down payment assistance, financial empowerment services, and educational resources.
Source Statement
This curated news summary relied on this press release disributed by 24-7 Press Release. Read the source press release here, Filene and CEI Institute Launch REE Incubator to Address Economic Disparities
