Micro-Lending Bank Continues CU Charter Efforts
Since applying for a federal credit union charter in February, micro-lending bank Grameen America continues to make connections in North Carolina on serving poor people neglected by mainstream financial institutions.
Grameen America President Vidar Jorgensen said the bank is making progress through its fundraising efforts for a branch that could potentially serve the areas of Raleigh, Durham, Fayetteville and Charlotte. The credit union's field of membership would be low-income people and people who live below the poverty level. He anticipates it could take up to a year to open.