Undocumented immigrants can't open simple savings account

Your Monday editorial on immigration highlights Americans' lack of knowledge about the problems of undocumented immigrants. Full Story
Vet

United States

#1 Nov 3, 2007
Wash. Post 2007

The credit unions are trying to set fees and policies to meet the needs of Latino immigrants. For example, it will accept foreign identification cards, such as the ones issued by Mexico's Matricula Consular program, so illegal immigrants can become members and open savings accounts. Loan officers will evaluate credit risk for auto and home loans not only by looking at credit reports, but by taking into account whether or not applicants pay rent on time or send money home regularly. Small-business loans will not be immediately available.

Mount Pleasant and nearby Adams Morgan and Columbia Heights are about 25 percent Hispanic and at least half of those people do not have bank accounts, according to estimates by the District Government Employees Federal Credit Union based on a neighborhood survey. The new operation will offer savings and checking accounts, check-cashing and money-transfer services. It will be equally owned by the three credit unions, governed by its own board of directors and federally chartered.

Credit unions are nonprofit financial institutions owned and run by their members, who pool their money to make loans to one another. Deposits up to $100,000 in federally chartered and most state-chartered credit unions are insured by the federal government.

About 74 percent of the Hispanic immigrants living in the District send money to relatives regularly -- a total of $94 million a year, according to the Inter-American Development Bank. To tap into that market, the new organization will use a transmittal service called IRnet, short for International Remittance Network.

For about $10, members will be able to send up to $1,000 to Mexico. Western Union charges $30, according to the company's Web site. Banagricola and Bancomercio, subsidiaries of two large Salvadoran banks with operations in Adams Morgan, charge about $10 for a $1,000 remittance to El Salvador.

“Yankee Redneck”

Since: Dec 06

Original 13 States

#2 Nov 3, 2007
George Wrote:
"Please write an editorial permitting people in Mr. Zapeta's situation to open a bank account in the U.S."

We don't need any stinkin editorials all someone has to do is be here LEGALLY.

PS The law states you can not take more than $10K in cash out. He said he didn't know that was the law, too bad, learn to read english learn the law like the rest of us citizens do.
Pete

New Milford, CT

#4 Nov 3, 2007
Screw 'em. Take their money, and send them home on a catapult.
TomT4P

United States

#5 Nov 3, 2007
Boca Bubba wrote:
George Wrote:
"Please write an editorial permitting people in Mr. Zapeta's situation to open a bank account in the U.S."
We don't need any stinkin editorials all someone has to do is be here LEGALLY.
PS The law states you can not take more than $10K in cash out. He said he didn't know that was the law, too bad, learn to read english learn the law like the rest of us citizens do.
Excellent post
TomT4P

United States

#6 Nov 3, 2007
Pete wrote:
Screw 'em. Take their money, and send them home on a catapult.
Better post
Maalaea Jay

South El Monte, CA

#7 Nov 3, 2007
Zapata probably could have opened a bank account in this country using a phony 'matricula consular' card issued by his home country (which ought to be illegal) or a federal tax ID, or ITIN, issued by the IRS (which also should be illegal). The fact is that Zapata is apparently another foreign crook in this country because we have an inept government that fails to keep his ilk out of here. Lane doesn't know what he's talking about.
Bryce Wagner

Port Saint Lucie, FL

#8 Nov 3, 2007
I have no sympathy for an illegal alien trying to sneak cash out of this country. Living tax free, under the radar, saving all American cash, then sneaking it home to live the American dream there. If you want the good life, live it here. And come here legally, my ancestors had to.
areyou4real

United States

#9 Nov 3, 2007
And George....while you are at it...how about posting your address for some needy ILLEGAL IMMIGRANT to use as his home address...after all if you don't mind giving up the soverignity of our nation to people here ILLEGALLY you damn sure shouldn't mind giving up the soverignity of your home...And maybe the sun sentinel can also do a story for people that make their living breaking into others homes and stealing their posessions...the sun sentinel can list all the pawn shops in Broward where they will not ask any questions...GEORGE...YOU ARE A BLEEDING HEART NEO-LIB IDIOT!
Illegalhurtsus

Schaumburg, IL

#10 Nov 3, 2007
We need legal immigration and not allow any more of this locorua(craziness). The undocumented in Lake Worth Florida are making the entire city crazy, drunk all over, liter, fighting, brandishing sticks and metal bars while going on their beer runs, bikes zippign all over and the police an dcity do not enforce any laws for the migrants afraid of lawsuits so anything goes, the Guat bashings happen so frequently now, many drunk and targets. They need to all be documented, pay taxes too, and abide by all laws, they should be able to get bank acoounts, but must all be legal. Illegal is for the birds as it is destoying the USA, now all Americans are leaving South Florida due to all the crime and lawlessness that the ilelgals have brought to this area. Now Americans have no respect for their gov and law officers as they do not enforce laws anymore in this country. Greed and big business control the USA and our gov and politicians have sold out to them over our safety. Lake Worth, FL is full of gangs many who are the illegals from Guat, El Salvador,a nd Honduras. The USA is taking all the gangs and most uneducated immigrants , not like Canada that take immigrants who are most educated, skilled workers. Illegals need to be made legal, documented, pay taxes, abide by all our laws, and learn to speak English if they want to stay here.
BOOTY BABY

United States

#11 Nov 4, 2007
PLEASE READ THE DEFINITION OF ILLEGAL. I DO ILLEGAL I GO TO JAIL NO RIGHTS, GET IT!!!
StickyMoney

Glendale, AZ

#12 Jan 23, 2013
Your a sorry excuse for a living breathing human being...too bad FOR you, MY PEOPLE are here to stay FOREVER!! Put up with it...our masses are only going to grow larger:>
Pete wrote:
Screw 'em. Take their money, and send them home on a catapult.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Social Security Discussions

Title Updated Last By Comments
Daily water allocation could be the next Califo... Sep 28 PATTON lives 1
Ex-judge in Waco pleads guilty to benefits theft Sep 28 judges INDAGAG 1
Illegal immigration has many abuses (Apr '09) Sep 27 Who 5
20% cut in benifits to fund Obamacare Sep 26 Leonard 1
Boomers see retirement slip further away | The ... (Apr '11) Sep 26 Looking Back 13
17 Numbers That Will Make You Realize Just How ... Sep 26 Fluffington Post 2
How to verify a valid SSA email? Sep 23 MikeL2014 2

Social Security People Search

Addresses and phone numbers for FREE