Banking is a universal concept – but, unfortunately, not ubiquitous.
For a service so core to the financial well-being of every American, access to banking is more limited than I and many others would prefer. More than five percent of U.S. households do not currently have an account with a credit union or other financial institution and nearly eighteen percent are “underbanked.” While that may not seem like a lot, that is approximately 16.5 million Americans with no access and nearly 59.4 million who have inadequate access to mainstream financial institutions in their communities.
Read Full Article »
