{"id":584,"date":"2013-05-16T11:12:13","date_gmt":"2013-05-16T15:12:13","guid":{"rendered":"http:\/\/blogs.darden.virginia.edu\/ibis\/?p=584"},"modified":"2017-11-06T15:56:30","modified_gmt":"2017-11-06T20:56:30","slug":"strengthening-latino-communities","status":"publish","type":"post","link":"https:\/\/blogs.darden.virginia.edu\/ibis\/2013\/05\/16\/strengthening-latino-communities\/","title":{"rendered":"Strengthening Latino Communities"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div><p><span class=\"has-dropcap\">I<\/span>BiS Academic Director Greg Fairchild&#8217;s interest in community development finance has led him to explore the social impact of opening new credit union branches\u00a0in &#8220;unbanked&#8221; Latino communities.\u00a0 This work was recognized in December 2012 by the <a href=\"http:\/\/www.dupontfund.org\/wp-content\/uploads\/2013\/01\/Partnerships-for-Community-Impact-Higher-Education-and-CDFIs-Working-Together.pdf\" target=\"_blank\" rel=\"noopener\">Jesse Ball duPont Fund<\/a> as exemplifying how partnerships between universities and community development financial institutions (CDFI) can significantly strengthen local places and increase opportunity and access for all people.<\/p>\n<p align=\"left\">In his research, Fairchild discovered that, on average, when the Latino Community Credit Union (LCCU) opened new branches in underserved areas, armed robberies declined by 22.6 percent and properties values rose by 3.8 percent.\u00a0 Read his research report coauthored with Kulwant Rai:<\/p>\n<ul>\n<li>\n<div align=\"left\">\u00a0<a href=\"http:\/\/www.darden.virginia.edu\/web\/uploadedFiles\/Darden\/Tayloe_Murphy_Center\/Research\/LatinoReport.pdf\" target=\"_blank\" rel=\"noopener\">Perdido en la Traduccion: The Opportunity in Financial Services for Latinos<\/a><\/div>\n<\/li>\n<\/ul>\n<p align=\"left\">Fairchild also has coauthored\u00a0a teaching\u00a0case and technical note\u00a0on the emergence and development of credit unions in Latino communities:<\/p>\n<ul>\n<li>Teaching Case: Credit Where Credit Is Due: The Latino Community Credit Union (<a href=\"https:\/\/store.darden.virginia.edu\/business-case-study\/credit-where-credit-is-due-the-latino-community-credit-union-2611\" target=\"_blank\" rel=\"noopener\">UVA-ENT-0104<\/a>)<\/li>\n<li>\n<div align=\"left\">Technical Note: The Dime That Started A Movement: The History and Development of Credit Unions (<a href=\"https:\/\/store.darden.virginia.edu\/business-case-study\/the-dime-that-started-a-movement-the-history-and-development-of-credit-unions-2610\" target=\"_blank\" rel=\"noopener\">UVA-ENT-0103<\/a>)<\/div>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>IBiS Academic Director Greg Fairchild&#8217;s interest in community development finance has led him to explore the social impact of opening new credit union branches\u00a0in &#8220;unbanked&#8221; Latino communities.\u00a0 This work was recognized in December 2012 by the Jesse Ball duPont Fund as exemplifying how partnerships between universities and community development financial institutions (CDFI) can significantly strengthen [&hellip;]<\/p>\n","protected":false},"author":57,"featured_media":1472,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[24471,24858],"tags":[168,56441,56833],"class_list":["post-584","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-cases-courses","category-research-thought-leadership","tag-gregory-fairchild","tag-kulwant-rai","tag-latino-community-credit-union","post_format-post-format-image"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin 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