Credit union is bringing needed services to neighborhood

Community Promise Federal Credit Union of Kalamazoo, MI, the Community Development Credit Union that recently opened in the Edison Neighborhood, is holding an open house and community celebration to acknowledge and thank the many organizations and individuals who helped it earn its federal charter.� "It will also provide an opportunity for community members, particularly residents of Edison, to learn about the services we will provide," Houston added. Kalamazoo Mayor Bobby J. Hopewell, who will deliver welcoming remarks at the event, notes that the services that Community Promise are very much needed.� "Too many Kalamazoo residents fall prey to payday lenders and other similar businesses," he noted. "I am pleased that Community Promise will provide Kalamazoo residents with access to fair and affordable financial services." Community Promises CEO, Mike Ross is excited about expanding financial literacy.� "Education is at the core of what we do," Ross said.� "We want to empower our members by providing them with the knowledge and tools to make sound decisions." Community Promise will be partnering with Kalamazoo Public Schools and Communities in Schools of Kalamazoo to teach basic money management skills to students at the neighborhoods elementary schools.� "Data show a correlation between student savings accounts and academic success," according to Office Manager Chris Shults. Edison Neighborhood Association Director Tammy Taylor, who is the Board Secretary for Community Promise, welcomes the services the credit union will provide.� "Edison has been without a bank or credit union since the 1990s," Taylor said.� "Community Promise will be a huge asset for us because it is our neighborhood, and will be a part of Edison for years to come."