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Jennifer S. Lobenhofer, Michael A. Stegman

Center researchers examine a partnership between a federal credit union and a retail check casher to expand financial services for lower-income consumers.

Center researchers writing for Fannie Mae Foundation’s magazine, BuildingBlocks, outline the financial services environment that enabled the emergence of a partnership that is enhancing financial services options for lower-income consumers.

Bethex Federal Credit Union joined hands with RiteCheck Cashing Inc. to launch a pilot program that allows RiteCheck customers to take advantage of a credit union membership without giving up the comfort and convenience of their check-cashing branch.

This article details the specifics of the partnership structure and provide a closer look at the organizations involved.


Topics(s): Financial Inclusion, Financial Services Industry