Author(s)
Jennifer S. Lobenhofer, Michael A. StegmanCenter 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