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Afena wins award for low-income loan program

Afena Federal Credit Union was awarded the 2021 Louise Herring Philosophy in Action award at the Indiana Credit Union League Convention. The Louise Herring award is given to credit unions for programs or policies that demonstrate exceptional commitment to the practical application of the “people helping people” philosophy.

Afena received the award for its “Bridge the Gap” loan program, which was created through a partnership with the Community Foundation of Grant County, designed to help financially vulnerable individuals and families manage emergency expenses when they arise. Bridge the Gap is an alternative to predatory payday lending that provides convenient, small-dollar, low-interest, flexible term loans to low-income families who need help dealing with unexpected expenses.

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