Bank Dora just may be the credit union future

by Robert McGarvey

Maybe it is a cockamamie pie in the sky of a dreamer’s idea.

Or maybe it is a key to showing the future relevance and importance of credit unions.

Focus on the target: solidifying the credit union reputation as the welcoming place for the presently unbanked – about 6% of us – and the underbanked, another 19% of us.  That is one in four Americans who are ignored, wholly or in part, by traditional financial institutions.

USAlliance, a $2 billion credit union that has grown out of the legacy IBM employees credit union, wants to change that. And the vehicle is Bank Dora, a branchless neo-bank powered by an app (find it in Google Play and the Apple App Store). Or sign up here.

Continued at CUInsight