Excite Credit Union, Latino Business Foundation Silicon Valley and SOMOS Mayfair Celebrate Inauguration of Community Service Hub

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SAN JOSE, Calif., June 27, 2022 (GLOBE NEWSWIRE) — Excite Credit Union (Excite), Latino Business Foundation Silicon Valley (LBFSV), and SOMOS Mayfair (SOMOS) will participate in the grand opening of Quetzal Gardens on Wednesday, June 29. The three community service organizations will be the ground floor tenants of the recently completed Quetzal Gardens affordable housing complex in East San Jose.

Quetzal Gardens is a mixed-use development project built by Resources for Community Development, a respected non-profit developer committed to affordable housing and community engagement. The development includes 71 affordable housing units.

Quetzal Gardens, Excite, LBFSV and SOMOS have worked closely together for years and are committed to serving families in Mayfair, Plato Arroyo, Little Portugal, the Alum Rock Corridor and East San Jose. As ground floor tenants of this new property, the three organizations will provide resources, programs and training that reflect the needs and support the strengths of families in East San Jose, including language services. and culturally relevant to residents, neighbors and businesses. The three nonprofit groups call their downstairs space La Esquina de Quetzal (Corner of Quetzal).

“Coming together for this grand opening is an opportunity to celebrate the culture and history of the neighborhood and to be part of the vibrancy of East San Jose,” said John Hogan, vice president of community relations for Excite Credit Union. “We couldn’t be more excited about opening a branch in Quetzal Gardens. The location is perfectly suited to reach families and small businesses that will benefit from a credit union. As a non-profit cooperative, Excite can meet the unique needs of this diverse entrepreneurial community. »

The La Esquina de Quetzal branch of Excite Credit Union will offer a full range of financial services, including checking, savings, personal loans, retirement planning, business services, and more. Excite specializes in serving the unbanked and underbanked and has flexible identification requirements for accounts and loans. They also offer services in Spanish and Vietnamese. The La Esquina de Quetzal branch address is 1695 Alum Rock Ave, Suite 50, San Jose, CA 95116

The new SOMOS offices will serve as the organization’s headquarters, with meeting spaces, workstations, and internal and external programming spaces. San Jose families can access resources, referrals, leadership development workshops, organizing opportunities, and early learning programs.

LBFSV will host a resource center for small businesses. The brick-and-mortar communal space will provide an easy “one-stop-shop” for local entrepreneurs to congregate, build community and engage with direct business services. As the first of its kind, the Center will be the hub of a growing East San Jose small business community, particularly as a space for women and immigrant-owned businesses to find accessible support. and relevant.

“We are very proud to be part of this project, especially knowing that a community-led process has shaped the design and direction of Quetzal Gardens,” said Saul Ramos, Co-Executive Director of SOMOS Mayfair. “This building will serve as a model for development without travel, and we are excited about all the ways our work of organizing and equipping families will flourish in this new accessible space.

“Our new La Esquina de Quetzal location is centrally located in the Alum Rock Corridor, making it an ideal location to support local businesses,” said Jesus Flores, President and CEO of LBFSV. “Community needs shape our direct business services. We plan to start by hosting our physical business incubator and organizing workshops to address issues affecting businesses in the region. We will provide services based on the needs of our local business community.

About our organizations

Silicon Valley Latin American Business FoundationThe mission of the Latino Business Foundation of Silicon Valley is to provide empowerment resources to current and future business leaders through lifelong learning and support. Our working model reflects three key pillars: advocacy, community buildingand small business services. LBFSV supports over 1500 small businesses (450 of them are part of Berryessa Flea Market). www.lbfsv.org

Excite Credit Union Excite Credit Union is member-owned and member-driven, giving everyone the chance to build a stronger financial future. With branches in California and North Carolina, Excite offers a full range of banking services and is committed to making life affordable for everyone. Excite is also the only Santa Clara County-based credit union designated as a Community Development Financial Institution (CDFI), a Designated Low-Income Credit Union (LICU), and a member of Juntos Avanzamos. These designations reflect the credit union’s ongoing commitment to serving immigrant and low-to-moderate income communities with fair and safe bank deposit and lending products. For more information, visit www.excitecu.org

Somos MayfairSOMOS Mayfair builds community power in East San Jose through leadership development and organizing around resident-led solutions. Our mission is to support children, organize families and connect neighbors to elevate community dreams, power and leadership and address systemic inequalities. www.somosmayfair.org

Quetzal Gardens Quetzal Gardens is a vibrant mixed-use development with 71 new affordable rental apartments located on the corner of Alum Rock Avenue and North King Road, across from Mexican Heritage Plaza. Directly adjacent to a bus rapid transit line and less than two miles from the Berryessa/North San José BART station, this transit-oriented development is a significant community investment designed to complement and enhance the existing neighborhood. The all-electric, energy-efficient building provides affordable housing for low-income families and 32 households coming out of homelessness. https://rcdhousing.org/quetzal-gardens/

Contact: John Hogan Excite Credit Union[email protected]408.666.8474

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Source: Excite Credit Union

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