The first credit union specifically tailored to LGBTQ customers to open in 2020

 | 
09/10/2019

The state of Michigan has just approved a new credit union specifically tailored to LGBTQ customers. Superbia Credit Union will be opening its virtual doors in 2020 and it will be the first ever Profit-for-Purpose financial institution. Owned and guided by its members it will be an inclusive exists solely to serve and advocate for the LGBTQ community across the country. Superbia is aimed at providing loans for trans people seeking money for transitioning costs to LGBTQ focused business and community projects. US research this year found same-sex couples were 73% more likely than heterosexual couples to be turned down for a mortgage, and those who were approved were lumped with higher interest rates than normal – even though they were less likely to default on their loans. In recent years it has been fashionable for businesses to adopt the Pride flag, but there are concerns that this can amount to “queerwashing” – a commercially oriented branding decision, rather than a commitment to real change.

Share this:

Latest Global News

Added on: 07/26/2024
07/25/2024
Ghana’s Supreme Court on Wednesday upheld a six-decade-old law criminalizing gay sex as the west African country awaits another court decision on whether to …
Added on: 07/26/2024
07/25/2024
The Government of Namibia has chosen the wrong side of history by challenging the recent High Court ruling that declared the country’s apartheid-era ban …
Added on: 07/26/2024
07/25/2024
It’s hard to believe it was little over a year ago. Just 12 months ago, the best women’s soccer teams from across the globe …

Explore LGBTQ+ Issues

Other News from ,

Added on: 07/26/2024
Vivian Jenna Wilson, the transgender daughter of Elon Musk, said Thursday in her first interview that he was an absent father who was cruel …
Added on: 07/24/2024
Nothing in Project 2025 proposes banning gay marriage, but it does have several policy proposals that are anti-LGBTQ+. …
Added on: 07/23/2024
The Biden administration wants the US Supreme Court to step in and limit lower court orders that fully blocked it from extending protections against …