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: 04/27/2024
04/26/2024
A primary school in Southampton has issued a letter in defence of a “well-regarded” transgender supply teacher after complaints from parents. Bitterne Church of …
Added on: 04/26/2024
04/26/2024
In August of 2005 when Hurricane Katrina made landfall in Louisiana and Mississippi, the combination of torrential rain and flawed infrastructure proved deadly. More …
Added on: 04/26/2024
04/25/2024
Internet users’ public expression of their sexual orientation does not authorise using this data “for the purposes of personalised advertising,” a legal adviser at …

Explore LGBTQ+ Issues

Other News from ,

Added on: 04/25/2024
A “radical feminist” group called the Women’s Liberation Front, that has helped shape anti-trans laws nationwide, has also played a role in a proposed …
Added on: 04/24/2024
A new rule from President Joe Biden’s administration blocking blanket policies to keep transgender students from using school bathrooms that align with their gender …
Added on: 04/23/2024
Louisiana’s top education official on Monday instructed schools to ignore new Title IX rules unveiled by the Biden administration, warning that extending the civil …