ATLANTA — To meet the financial needs of Georgia's growing Hispanic population, plans are underway to open a credit union by July 2007.
Officials with the Latino Credit Union Organizing Project met Nov. 3 to discuss plans to open a branch in the metropolitan Atlanta area with the goal of expanding to other parts of the state including Athens and Georgia's coast, which have seen an influx of Hispanic immigrants, the Florida Times-Union reported in a Nov. 6 article.
The credit union would target lower-income workers, many of whom do not qualify for traditional bank accounts or who need loans under $1,000. Under the charter regulations, members of the credit union would not have to supply a Social Security number, but would need to provide a tax identification number, the publication said.
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