The recently released report on unbanked and underbankedhouseholds by the Federal Deposit Insurance Corporation should beyet another wake-up call for financial institutions across thiscountry and especially credit unions.

There remains a lot of work to be done by financial institutionsif we are ever going to be able to provide good, quality financialservices to those who are underserved.

According to the report, there are nearly 34 million unbanked orunderbanked households in the United States, an increase of 13%during the last two years. Minorities and low-income familiesrepresent the majority of those who are unbanked orunderbanked.

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