Microlending bank Grameen America has applied for a federal credit union charter for a potential debut in North Carolina.
Since meeting with credit union and bank representatives along with regulators and trade groups in North Carolina twice in February, Grameen America has applied for a federal credit union charter and is in the midst of raising the $2 million it will need to set up an affiliate, said Vidar Jorgensen, president of the microlending bank.
Grameen America has set its sites on establishing a presence in Fayetteville, N.C. In late February, Jorgensen and others met with officials from the Fayetteville-Cumberland County Chamber of Commerce and the Fayetteville State University Center for Entrepreneurship to coordinate fundraising efforts. Charlotte and Raleigh-Durham are other North Carolina cities the bank is hoping to set up shop, he added.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
