TopLine Financial Credit Union, a Twin Cities-based member-owned financial services cooperative, was named winner of the Louise Herring Philosophy-in-Action Member Service Award, sponsored by the Minnesota Credit Union Network (MnCUN). The Louise Herring award recognizes credit unions that demonstrate in an extraordinary way the practical application of the movement’s principles in serving their members.
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Topline was awarded in the Louise Herring Category for the credit union’s partnership with Rondo Community Land Trust (RCLT), a non-profit in St. Paul, to help make homeownership more affordable for individuals and families earning low-to-moderate incomes, and to preserve affordability for small businesses operated by people of color and non-profits at risk of displacement from rising rents.
TopLine joined forces with Rondo Community Land Trust as the first credit union to be one of their approved mortgage lenders for their Homebuyer Initiated Program (HIP). This program assists home buyers at or below 80% area median income (AMI) to purchase and make repairs on a single-family home (including duplexes) in St. Paul or Suburban Ramsey County.
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“We are honored to be recognized for our partnership with Rondo Community Land Trust,” said Mick Olson, TopLine Financial Credit Union President and CEO. “We are committed to building strong connections with nonprofit community partners such as RCLT. By working together, we can drive economic growth and diversity, promote financial inclusion and access, and help more individuals achieve their financial dream of homeownership.”
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The Minnesota Credit Union Network is the statewide trade association that works to ensure the success, growth and vitality of Minnesota credit unions.
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Source: globenewswire
