Superbia Credit Union will soon open as a funding source specializing in helping gay Americans financially afford purchases that other lending institutions will not finance…
…like sex-change operations.
The State of Michigan approved the charter on Monday.
Here’s more from Forbes:
Do lesbian, gay, bisexual and transgender people need a bank of their own? Superbia Credit Union is about to find out.
Michigan on Monday approved a charter for the new financial institution designed for LGBTQ customers, clearing the way for online service to begin early in 2020.
Superbia Credit Union will offer products which are often outside the scope of a more traditional lender, such as loans for transgender people in the process of transitioning, said Myles Meyers, founder of New York-based Superbia Services Inc., which created the credit union.
“I can walk into a bank or credit union and apply for a loan or credit card or savings accounts and frankly, no problem,” said Meyers. “If I walked in to the same institution with my husband, we can come across different responses and welcome. And this is where it all starts to change for the community.”