Proposed De Novo Credit Unions
Diverge Proposed Federal Credit Union
NCUA Green Lights New Charter Application for Diverge PFCU
The National Credit Union Administration (NCUA) has extended its approval for a new charter application for Diverge, a Proposed Federal Credit Union (PFCU). Diverge PFCU is a groundbreaking initiative that will expand financial access for historically unbanked individuals and their families.
The initial focus of the proposed credit union is to provide a financial home for marginalized people in the justice-involved and LGBTQI+ communities. An estimated 2 million people in these populations are unbanked.
https://www.divergecu.org/post/ncua-approves-new-charter-application-for-diverge
George Washington University Credit Union Initiative
Our mission here at the GWUCUI is to strengthen the GW community by helping students bank affordably, build credit, better manage their finances and develop valuable skill sets that they can bring to their careers. We seek to accomplish this goal by chartering a student-run Credit Union.
Historically Black Colleges Credit Union
The HBCU CU Concept (342K PDF)
As envisioned, the HBCU CU (a placeholder name) would be a digital-only credit union - owned by and operated exclusively for the students, alumni, faculty and staff of Historically Black Colleges and Universities (HBCUs) - for the express purpose of delivering value-added financial services and objective financial education to the HBCU community.
Graceline Community FCU
Graceline Community Inc. was formed by a
group of professionals with shared values and extensive backgrounds in finance and business. After many months of meeting, discussing, and researching the need for a credit union that would provide economic empowerment to marginalized people, we incorporated with the intention of bringing the credit union to life.
Our mission is:
- to reduce inequality and create a shared prosperity
- empower women entrepreneurs
- engage unbanked and underbanked individuals.