The Hispanic Fair Credit Association’s (HFCA) mission is to help all Hispanic consumers – young and old – become financially literate. Programs are designed to educate Hispanic consumers to realize the benefits of responsible money management, to understand the credit process and to know where to seek help in getting a loan or if credit problems occur.


GOALS:

1. Provide leadership in Hispanic consumer credit education.
2. Work cooperatively with other state and national administrative organizations to promote and advocate Hispanic consumer education.
3. Provide networking opportunities for all members of the Association.
4. Provide professional assistance to community groups, boards of education and other leaders
   in related fields of consumer credit education.
5. Encourage research for program improvement.
6. Initiate research and provide data necessary to develop educational programs which meet the
   educational needs of the Hispanic community served by the membership.
7. Serve as a source of information to the Hispanic community on fair credit practices.
8. Provide members opportunities for professional growth activities.

Financial Literacy Initiatives

HFCA Vehicle Financing Initiative provides free information to help consumers learn about dealership financing. The Spanish language brochure – Understanding Vehicle Financing – produced by AFSAEF and the National Automobile Dealers Association and prepared in cooperation with the Federal Trade Commission serves as a guide to evaluate one’s own financial situation. It also provides information about the financing application process and tips to remember before visiting the dealership; when visiting the dealership and after the purchase.

HFCA Mortgage Financing Initiative provides information to help Hispanic consumers learn about home financing. The Spanish language brochure – HUD Guide To Buying A Home – produced by U.S. Department of Housing and Urban Development Office of Single Family Housing serves as a guide to evaluate one’s own financial situation and walks Hispanic consumers thru the home buying process. It also provides information about the financing application process and tips to remember before buying a home.

Member bylaws

Hispanic Fair Credit Association Bylaws Article I. Name Section 1. The name of this organization shall be the Hispanic Fair Credit Association. Article II. Purpose Section 1. The purposes of this Association are: (a). To provide a educational, fraternal and civic improvement association for those whose business or professional affiliation or interests are related to the consumer and mortgage credit industry. (b). To create a forum for the exchange of experiences and opinions through meetings, seminars, conferences, and publications. (c). To Promote the education of credit executives and their personnel, as well as the education of the Hispanic public with respect to the wise use of consumer credit. (d). To gather and disseminate information concerning pending or inactive legislation or other matters related to or affecting the extension of consumer credit. Article III. Membership Section 1. Membership in this Association shall be open to any individual, firm, or corporation of good standing and reputation, conducting or supporting commercial, retail or consumer operation related to secured or unsecured credit. Section 2. The approval, suspension, reinstatement or expulsion of any member is subject to review and approval by a majority vote of the Board of Directors. Article IV. Dues Section 1. The Board of Directors shall determine the Association activities. Section 2. Any member who owes a monetary obligation to the Association which is more that sixty (60) days in arrears shall be reported to the Board of Directors by the Secretary and such members shall be liable to expulsion by said Board.