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A new credit union founded by an Internet pioneer and a former banker has opened its doors in New Brunswick, N.J.

The unlikely pair of Brewster Kahle, a wealthy Internet entrepreneur known for the Internet Archive, an effort to catalog and record the entire Internet on an ongoing basis, and Jordan Modell, a former banker with experience working at some of the largest banks, started the credit union after they concluded that existing financial structures have largely failed the lower and middle class.

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