Business View Magazine June 2023

106 BUSINESS VIEW MAGAZINE VOLUME 10, ISSUE 6 hile banks may be in the news for the wrong reasons currently, there are some financial institutions that have made it their guiding principle to help find solutions for those that have been denied access to mainstream banking products and services. Alternatives Federal Credit Union is one such example. Instead of using traditional guidelines for loan approval, like a credit score, “Alternatives focus on your ability to pay”, says Carol Clark, Financial Empowerment Manager. This means more people can get access to capital without being forced to use predatory high interest lenders. For those individuals that may not have access to banks at all, Alternatives is willing to go out in the community (and the local jail) to discuss their financial goals and needs, embracing them as valuable members of the community. W CESS TO FAIR FINANCIAL CTS AND SERVICES FOR PLE AND BUSINESSES IN OME AND HISTORICALLY NALIZED COMMUNITIES ALTERNATIVES FEDERAL CREDI T UNION Working to address a long history of wealth inequality and economic racism, Alternatives Federal Credit Union steps up to make a financial difference for people in the communities they serve.