Although there has been little movement since buzz started more than a year ago, micro-lending bank Grameen America Inc. said pursuing a credit union charter is still being considered.
The New York-based affiliate of Grameen Bank is known for its micro lending programs that help poor people, particularly women, and immigrants start their own businesses. Grameen Bank was launched in 1983 in Bangladesh by 2006 Nobel Peace Prize winner Muhammad Yunus.
In February 2009, Grameen America met with officials from State Employees' Credit Union, Self-Help Federal Credit Union, the North Carolina Bankers Association and both the North Carolina Commissioner of Banks and the North Carolina Administrator of Credit Unions to discuss setting up an affiliate in the Tar Heel state. All welcomed the bank's concept.
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