Kaptur Announces Technical Assistance Award For Nueva Esperanza Credit Union

TOLEDO (Feb. 14, 2014) - Congresswoman Kaptur today formally announced a federal award of $92,680 for technical assistance to Nueva Esperanza Community Credit Union, which serves a predominately Latino clientele in south Toledo.

"I am very pleased to make this announcement," said Congresswoman Kaptur. "Nueva Esperanza is so aptly named, because it really does bring 'new hope' to the people of this neighborhood and this community. It's vibrant and it's growing."

Funds were received from the U.S. Department of Treasury's Community Development Financial Institutions Fund (CDFI), which enables institutions such as Nueva Esperanza to increase lending and investment in low-income communities.

"It's appropriate that we're making this announcement on Valentine's Day," said Congresswoman Kaptur, "because helping Nueva Esperanza has really been a labor of love. The dedication of its leadership and the board of directors is impressive."

Congresswoman Kaptur said the institution was built from the ground up, with CEO Sue Cuevas and board members signing up members individually at festivals and community events before opening its doors in the spring of 2011. She commended the institution for its continued outreach in the community and its steady growth.