New depository financial institution aims to change Kansas City’s heritage of segregation

New depository financial institution aims to change Kansas City’s heritage of segregation

The problem: way too many payday creditors with too few consumer-friendly alternatives. The most effective solution: rent a fresh credit union.

“We got an elevated attention that we had few banking institutions in the current neighborhoods [in Kansas area, Mo.],” Ajamu Webster said. “But you could gambling a rock and strike a payday-lending confirm casher.”

That’s where we all Development national depository financial institution is actually wishing to may be found in, if it can finally create its rent program recognized. Webster might panel chairs associated with the cluster which using the nationwide Credit Union Administration to hire a low-income depository financial institution in this subject since 2009. Continue reading “New depository financial institution aims to change Kansas City’s heritage of segregation”