Branch Sale to Increase
Banking Access for Underserved Residents
Santa Cruz Community Credit Union is selling its Santa Cruz Branch building in order to support the credit union’s not-for-profit mission-driven goal to increase access to banking services for underserved and unbanked members of the community. The credit union will maintain a presence in Downtown Santa Cruz through lease or purchase of a smaller space.
By reducing costs, SCCCU can increase its financial strength and expand on its core mission to promote and embrace economic justice. An additional strategy to reduce the environmental impact of employee commuting by providing access points closer to where members and employees live is also critical to the plan.
“Since our founding as a progressive community-based financial institution, and with the wisdom of our community members who are passionate about coming to the aid of those without a voice, Santa Cruz Community Credit Union has pushed forward with a mission and a plan to best support the underserved and unbanked,” said CEO Beth Carr. “We’re excited about this important moment in time when we have a unique opportunity to invest in a better future for those in our community with the greatest need for financial services.” Read more