Mills42 Federal CU Supports Financial Stability for Women with Budget Buddies
July 30, 2021
We are a small but mighty federal credit union located in the heart of Lowell, Massachusetts. Membership in Mills42 is open to anyone who lives, works, worships or attends school in Lowell, the northern portion of Chelmsford or the western portion of Tewksbury.
Lowell, Mass—The Mills42 FCU Team recently made a $1,500 donation to Budget Buddies, an organization dedicated to empowering women to improve their financial health. Additionally, Teller Supervisor, Kristal Padilla, and Member Service Rep, Thatiany Faria, will be conducting a three-part webinar series in Spanish to address building and maintaining a strong credit score, as well as, how to repair your credit score if it has suffered in the past and keep it on track going forward.
The unfortunate fact is that women in Massachusetts are 26% more likely to live in poverty than men, and 33% of single-mother households in Massachusetts do live in poverty.
“It’s an easy decision for Mills42 to continue working with Budget Buddies in support of their mission to promote strong financial health among women in our community,” states CEO, Derek Cronin. The lifelong financial knowledge program participants receive can also then be shared with family members and future generations. Our team looks forward to working with Budget Buddies for years to come.”
Mills42 FCU is a Lowell-based community credit union originally chartered in 1958 to serve the employees and families of M/A-COM Technolgoy Solution. In 2005 the credit union expanded their charter to serve specific communities within Greater Lowell, Massachusetts, and moved to their current location at 83 Merrimack Street in downtown Lowell. In addition to English, the credit union has team members who are fluent in Spanish, Portuguese and Khmer. Mills42 has more than 3,000 members and assets of over $27 million.