Large Credit Unions Help Small Credit Unions Grow and Thrive

April 24, 2015

By Jacob Demmitt

In the world of credit unions, competition is a relative term.

Nobody knows the challenges of being a small financial institution quite like Equality Washington, a group that has spent the past year just trying to get its LGBTQ-focused credit union up and running.

Equality, which plans to offer financial services oriented to the needs of gays and lesbians, has a tiny budget but the same regulatory hurdles and customer expectations as massive banks. Equality is finding the help it needs from an unexpected place — larger credit unions from which it hopes to one day steal customers…

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