This case study profiles how the Latino Community Credit Union (LCCU), based in Durham, North Carolina, partners with anchor institutions to invest locally and build community wealth. Local anchors like Duke University, the Museum of Life and Science, and the cooperatively owned Weaver Street Market have made deposits with LCCU, which in turn expands access to affordable financial products and loans.
The Regional Plan Association, which operates in the New York, New Jersey, and Connecticut metropolitan region, published recommendations for developing the Anchor Opportunity Network, with an aim to leverage anchor institution assets to drive equitable economic growth. The Network will work to foster relationships between anchors, municipal leaders, and local neighborhoods to better coordinate and accelerate practices such as inclusive, local purchasing.
