On Wednesday, May 29, 2013, the White House honored John Herrera, co-founder of Latino Community Credit Union, as an Immigrant Innovator Champion of Change. The Champions event highlighted immigrant innovators and entrepreneurs – the best and brightest from around the world - who are helping create American jobs, grow our economy, and make our nation more competitive.
Herrera has been recognized for fostering entrepreneurship and greater economic opportunities for Latino families in North Carolina. In the mid-1990’s John Herrera began working to help curb the violence against unbanked Latino populations in Durham, North Carolina. His grassroots work with state and local leaders, community advocates, and the credit union community ultimately resulted in his co-founding of the Latino Community Credit Union (LCCU) in 2000.
Since then, LCCU has become the largest Latino-focused credit union in the country with 55,000 member-owners and 11 branches across the state. LCCU provides a full range of affordable and innovative products and education typically unavailable to low-income immigrants and has become a trusted and safe place for Latinos to save money, access affordable credit, buy homes, start businesses, and build wealth for the future. Under Herrera’s vision, LCCU has helped the credit union become a national model for serving unbanked communities.
“Immigrants have long made America more prosperous and innovative, and the Champions we are celebrating today represent the very best in leadership, entrepreneurship, and public service,” said US Chief Technology Officer Todd Park. “We are proud to recognize these leaders who work every day to grow our economy, advance science and technology, and support their home communities.”