Microlending bank Grameen America has applied for a federal credit union charter for a potential debut in North Carolina.
Since meeting with credit union and bank representatives along with regulators and trade groups in North Carolina twice in February, Grameen America has applied for a federal credit union charter and is in the midst of raising the $2 million it will need to set up an affiliate, said Vidar Jorgensen, president of the microlending bank.
Grameen America has set its sites on establishing a presence in Fayetteville, N.C. In late February, Jorgensen and others met with officials from the Fayetteville-Cumberland County Chamber of Commerce and the Fayetteville State University Center for Entrepreneurship to coordinate fundraising efforts. Charlotte and Raleigh-Durham are other North Carolina cities the bank is hoping to set up shop, he added.
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