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Manatee Community Federal Credit Union Announces New President, Sherod Halliburton

Posted: July 8th, 2013 | Author: | Filed under: Immigration Reform, Jaensch Immigration Law Firm | Tags: , , , | No Comments »

We would like to take this opportunity to congratulate Sherod Halliburton on his appointment to President of Manatee Community Federal Credit Union.  Jaensch Immigration Law Firm is working closely with MCFCU to enable those who may wish to apply for legalization under the potential new immigration reform may begin saving money in order to do so.  If Immigration Reform passes, applying for legalization would be expensive.  Applicants would have to pay government fees as well as back taxes.  The total amount is still uncertain but is estimated to be in the thousands of dollars per person.  Fortunately, MCFCU has developed a financial instrument that will allow those who qualify to begin saving money now.  For more information readers are welcome to contact Jaensch Immigration Law Firm (941) 366-9841 or MCFCU (941) 941-748-7704 ext. 103.

MCFCU President Sherod Halliburton

MCFCU President Sherod Halliburton

In the meantime we are including the press release announcement of Sherod’s appointment below:

Manatee Community Federal Credit Union announces the appointment of Sherod Halliburton to President effective July 1, 2013. He replaces the long standing President Cindy Barco who retired after thirty-five years of exemplary service.  Mr. Halliburton has been employed by MCFCU as Executive Vice President since February 2012.  Prior to that Mr. Halliburton served as the Executive Director for the Bradenton Central Community Redevelopment Agency (CCRA) for over seven years.

While at the Bradenton CCRA Halliburton was instrumental in launching three key economic development organizations – the Central Economic Development Center, the award winning CareerEdge Funders Collaborative, and Suncoast Community Capital. All three organizations have thrived and have filled very important gaps in economic and community development programming in Manatee and Sarasota Counties. Under Halliburton’s direction, CareerEdge was awarded the President’s Award from the Florida Redevelopment Association which celebrates the number one redevelopment project in the state of Florida.  More recently CareerEdge was honored with the Exemplary Collaborative Award from the National Fund for Workforce Solutions given to the top National Fund sites in the country.  “Mr. Halliburton has connections deeply rooted in the community and provides the credit union the ability to deliver financial services and programs that are much needed by our members”, said Vin Foderingham, MCFCU Chief Financial Officer and Board Member.  “The credit union has a great future ahead of it and with Sherod’s leadership there’s no doubt that we will reach another level of success.  We certainly thank Cindy Barco for her exemplary service over the years and wish her well in her retirement.”

Manatee Community Federal Credit Union was founded as Tropicana Employees Federal Credit Union in 1958. Halliburton’s relationship with MCFCU dates back to 2007 when he was the first non-Tropicana employee ever appointed to the board of directors where he served with distinction for five years.  Mr. Halliburton was instrumental in the transformation of MCFCU from exclusively serving Tropicana Employees into one of only three credit unions in Florida designated by the U.S. Treasury Department as a Community Development Financial Institution.  This designation recognizes MCFCU’s commitment to providing quality and specialized financial serves to underserved consumers throughout Manatee County.   “It’s evident that Sherod has a way with making positive changes with all that he undertakes. He has a proven track record as a result of his forward thinking and vision.  I am confident that within the credit union movement he will continue this pattern which can only enhance the lives of our MCFCU members, their families and our community,” says Cindy Barco, retiring MCFCU President.

Find out more about how Manatee Community Federal Credit Union and Jaensch Immigration Law Firm are working together to help Sarasota-Manatee residents prepare for the potential Comprehensive Immigration Reform.

How to Prepare for Immigration Reform (Spanish) from L. Michael Marquet

From “Credit Union Times”:

Posted: April 18th, 2013 | Author: | Filed under: Sarasota Immigrants | Tags: , , , | No Comments »

Florida Credit Union Reaches Out to Immigrants


April 18, 2013 

As the president and Congress continue to hash out immigration reform, the $25.5 millionManatee Community Federal Credit Union in Bradenton, Fla., is already working on ways members of its community can afford to become citizens.

Manatee has teamed with the Jaensch Immigration Law firm in Sarasota, Fla., to allow immigrants to begin preparing for the costs of reform such as penalties and naturalization fees.

“Manatee was chartered to serve the low wage earning agricultural employees of the Tropicana Company,” said Sherod Halliburton, executive vice president for strategic initiatives at Manatee FCU.

“As a result of the credit union’s long history of successfully meeting the needs of agricultural workers and of underserved Latinos who make their living in theSherod Halliburtonagricultural industry it’s a natural fit. We stand behind the residents of this community,” Halliburton said.

A February 2013 report from the Pew Hispanic Center said there may be as many as 11 million immigrants in the country illegally.  The report also suggests that 20% of the 8.5 million now eligible for citizenship have not sought it because of the high cost.

The Senate is now considering a bill that imposes penalties of up to $2,000 per person over 12 years plus application fees. In addition, immigrants may have to pay back taxes, lawyer fees and other costs to gain a lawful status in the U.S. 

“The members of our community are striving to make a better life for themselves,” Halliburton said. “And we want to help them any way that we can.”

Halliburton said that with proper identification – which can include the Matrícula Consular – the program enables an immigrant or family member to establish credit or improve a credit score to be eligible for future loans. 

Eligible immigrants will be able to open a credit union account and receive a secured loan for $1,000, with the loan proceeds remaining on deposit as the loan recipient pays back the loan and interest.

Immigration Attorney Chris JaenschA payment history is established, and the loan proceeds may be used for immigration-related expenses when paid off.

“The price will be well worth it, since they will be able to live, work and study in the U.S., travel internationally, and get driver’s licenses,” said P. Christopher Jaensch of Jaensch Immigration Law Firm.  “But, it will be a costly process over a 10- to 12-year period. A credit union may be the best partner they have to help them achieve this critical financial goal.”