Miami Today - "Nova researchers say credit unions aren't targeting loans"

Description

Miami Today, a regional business newspaper serving the South Florida market, published a feature article (by Rebecca San Juan) on credit union research by Dr. Maskara and Dr. Florence Neymotin, reporting findings that credit unions did not aid underserved communities during the Great Recession at higher rates than other financial institutions. The article reports that, based on Consumer Finance Monthly survey data from 2005–2013, approximately 50% of credit union members nationally had household incomes of at least $50,000 — challenging the conventional narrative that credit unions disproportionately serve persons of modest means. The article includes commentary from Dr. Maskara, Dr. Neymotin, and industry voices including Dr. Kenneth Thomas (Community Development Fund Advisors), Richard Helber (Tropical Financial Credit Union), and policy positions from the credit union lobby.