PENINSULA CREDIT UNION’S ITIN PROGRAM OFFERS FINANCIAL ACCESS

Peninsula Credit Union (PCFCU) has long been a pillar of support in our community, exemplifying the role credit unions play in fostering growth and stability Their latest initiative, the Individual Taxpayer Identification Number (ITIN) lending program, showcases their commitment to inclusivity and financial empowerment This program aims to provide financial opportunities to individuals who might otherwise be excluded from traditional lending

Darla Kolbas, Lending Director and member of the Hispanic Initiatives team at Peninsula Credit Union, shared that, “The most rewarding aspect of launching the ITIN lending program has been witnessing the positive impact on our members' lives This program directly aligns with our mission to foster financial inclusivity and empower our members to achieve greater financial wellbeing By offering financial solutions to ITIN holders, we are breaking down barriers and helping individuals and families reach their financial goals ”

The ITIN lending program is a testament to PCU’s dedication to serving the community Born from the board of directors' desire to represent and serve all community members, this initiative is an effort to bridge the gap for those lacking a Social Security Number An ITIN allows individuals who are not eligible for a Social Security Number to pay taxes, and now, through PCU, it also opens doors to essential financial services.

Peninsula Credit Union’s grassroots outreach has been instrumental in the success of this program By actively engaging with the community and understanding their needs, PCU has been able to offer tailored financial solutions that foster economic stability and growth The program enables individuals to build credit, purchase homes, and invest in local businesses, creating a positive ripple effect throughout our region

Jim Morrell, CEO of Peninsula Credit Union, continues to advocate for systematic change through his service on America's Credit Unions Executive Board His work aims to ensure reliable financial services are accessible to everyone, reinforcing PCU’s motto, "Our priority is you "

The impact of the ITIN lending program extends beyond individual benefits By providing more residents with the opportunity to purchase homes, it stimulates the local housing market, supports property values, and fosters a stable real estate environment For small businesses, access to loans means more entrepreneurs can start or expand their ventures, driving local economic development and job creation

Through this program, PCU offers a variety of loans, including auto loans, credit cards, personal loans, and mortgages The commitment to inclusivity ensures that all community members have the opportunity to achieve their financial goals, regardless of Social Security Number status

One heartwarming example of the program ’ s success is the story of Porfirio, a community member who faced the risk of losing his family’s home Arriving at the Shelton branch with a briefcase filled with paperwork, Porfirio’s visit set in motion a series of events that showcased PCU’s dedication to their mission Assistant Branch Manager Charlie, along with Carmen, Darla, and Chris from the Lending Team, listened to Porfirio’s concerns, served him with empathy, educated him on his options, and cared for his well-being.

Upon careful evaluation, PCU’s legal team identified predatory lending practices in Porfirio’s contract In response, they initiated a Peninsula loan application to rescue him from this cycle Four days later, Porfirio received approval, bringing immense relief to him and his family His journey embodies PCU’s mission of serving with integrity, compassion, and dedication, and highlights the positive impact they make every day, one person at a time

Porfirio’s story is a testament to the power of community support and the difference a dedicated financial institution can make His gratitude for the support he received underscores the significant role PCU plays in helping community members achieve their financial dreams

The success of the ITIN lending program will be measured by the sense of safety and fulfillment felt by members who had previously felt underserved Peninsula Credit Union’s commitment to inclusivity and financial empowerment is a shining example of how financial institutions can drive positive change in our community

For more information about Peninsula Credit Union's ITIN lending program, visit pcfcu org

They say to be a tourist in your own backyard. And we have quite a lot to explore! Below is a short list of some little known spots and favorite places we hope you will enjoy. Find lots more places to visit and things to do in our directory at the back of this issue or online at masonchamber.com/members or at explorehoodcanal.com.

The Cuppiecakesqueen: They offer big, delicious cookies, and their cupcakes are always amazing. She has certainly earned her royal title!

Shelton Caboose: Owned and operated by the Chamber as a visitor information center, and conveniently located in front of the post office, this icon plays host to visitor information from hiking and waterfall maps to brochures on railriding and wild cats.

The Shelton Civic Center: The public can check out equipment such as basketballs or pickleball gear to utilize on the Civic Center basketball court. Equipment is available weekdays during business hours.

Bean Bags Coffee Company: A quick-drive through offers incredible customer service as well as fun specialty drinks like popping boba, cold foam, and a rotating barista’s choice menu.

Wilde Irish Pub: The team is always experimenting with new featured drinks & culinary specials. Plus, their rooftop patio is set to open soon!

YSS Dive: You can learn to scuba dive locally! YSS Dive offers a Hoodsport Open Water Diver Course, where you can become Open Water certified after only three sessions. The course is available in Español, female only, and Private sessions as well.

Marmo Caffè & Gallery: This coffee shop features a Craft Club every other Sunday, and a rotating gallery of artwork. Did you know that you can share a pot of tea with family or friends? What a wonderful way to have a tea party.

Mestizos: is the new spot to be on Sunday mornings. Chef Jack has put together a Summer Brunch you won’t want to miss. Check their Facebook for the most current updates.

ISH PNW: Features a variety of handmade gifts, home decor, clothing, jewelry, and trinkets. They host nearly 300 local vendors.

The Painted Heart, LLC: There is a Summer Kids Painting Club this summer on Wednesdays 12:30-2:30p. Learn more by visiting: thepaintheartshelton.com

Timberland Regional Library: In the kids’ area, you will not only find amazing books but also a pirate ship to explore!