Consulate of Mexico Endorses Financial Center First CU
The Head Consul of Mexico, Luis Enrique Franco, and Financial Center First CU President & CEO, J. Kevin Ryan, signed a memorandum of understanding on Thursday, October 5, 2017, that allows the credit union to offer financial education and banking products and services to Mexican immigrants living in Central Indiana.
The endorsement was signed in conjunction with the Consulate announced the launch of the Patrimony Protection and Financial Services Advice Window which is designed to provide training and guidance on how to protect patrimony, as well as free, culturally and linguistically appropriate financial and education advice to increase financial education between the Mexican and Hispanic origin community.
The agreement was brought about after several years of informal partnership between the Consulate’s office and Financial Center.
“Financial Center is honored to be held in high regard by the Consulate and looks forward to this formal program after several years of partnership,” said J. Kevin Ryan, President & CEO of the $530 million credit union.
Under the agreement, the credit union will exclusively provide weekly seminars at the Consulate’s office building trust in the U.S. banking system, discuss documentation needed to obtain bank accounts and loans, and provide credit building and small business loans and retirement planning and insurance services.
The memorandum was signed at the Consulate of Mexico in Indianapolis in front of Mexican business leaders, visitors to the Consulate's office and credit union officials.
Financial Center President and CEO, J. Kevin Ryan, and the Head Consul of Mexico, Luis Enrique Franco, sign the Memorandum of Understanding for the new Patrimony Protection and Financial Services Advice Window Program.