America & # 39; s first gay bank: LGBTQ community credit union gets the green light and will offer special loans to transgenders who switch
- Credit Union gives priority to LGBTQ community given green light by the state of Michigan
- Online service created by Superbia Credit Union is tailored to LGBTQ needs
- Reportedly financial incentive to offer services aimed at LGBT customers
- Meyers says that & # 39; lack of needs and equal treatment of the LGBTQ are being addressed and foreseen & # 39;
A credit union has been given for the LGBTQ community the green light through the state of Michigan.
The service offers customized products for LGBTQ people, including special loans for trans people in the transition phase.
The Michigan State Department of Insurance and Financial Services approved a charter for the new financial institution specifically designed for LGBTQ customers on Monday.
The online service of Superbia Credit Union could already be launched in 2020.
The Michigan State Department of Insurance and Financial Services approved a charter on Monday for the new financial institution specifically designed for LGBTQ customers
The service offers customized products for LGBTQ people, including loans for transgender people in transition process (stock image)
Quoted by Bloomberg, Myles Meyers, founder of Superbia Services Inc., said: & I can walk into a banking or credit union and apply for a loan or credit card or savings account and frankly no problem.
& # 39; If I walked to the same institution with my husband, we may come across different reactions and welcome.
& # 39; And this is where it all starts to change for the community. & # 39;
Meyers added that Superbia plans to expand to other customized products for LGBTQ people, such as insurance, healthcare and asset management.
According to Bloomberg, there is a financial incentive to offer banking services directly to LGBT customers.
Witeck Communications estimated the combined purchasing power of the American lesbian, gay, bisexual and transgender adult population in 2017 at $ 987 billion.
Mr. Meyers wrote on his LinkedIn profile that he was inspired to start Superbia by the & # 39; sheer lack of needs and equal treatment of the LGBTQ that is being addressed and provided for banking, insurance, healthcare and other basic services & # 39 ; (stock image)
Mr. Meyers wrote on his LinkedIn profile that he was inspired to start Superbia by the & mere lack of needs and equal treatment of the LGBTQ that is being addressed and provided for banking, insurance, healthcare and other basic services. & # 39;
He added: & # 39; Superbia is a first in the world. Superbia uses a unique structure of commercial and social entities designed to unite the community, provide banking, insurance, healthcare, and other services that actively address, resolve, and serve the needs of LGBTQ individuals, families, and businesses.
"As the only LGBTQ profit-for-purpose provider in the world, Superbia is here to force the necessary systemic change in banking, insurance and healthcare and to install a new paradigm for financing LGBTQ social equality."
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