In towns across Alabama, the disappearance of local banks has left many residents without access to basic financial services, but the consequences go beyond simply losing banking access. When financial institutions leave, communities also lose local investment, financial role models in schools and safeguards for vulnerable neighbors. Fortunately for Alabamians, credit unions are helping to […]

Written by Michelle Roth, Vice President of Advocacy for The League of Credit Unions.  A growing number of Alabama towns have one thing in common: access to local financial services is becoming increasingly limited. Alabama has 1,181 census tracts, and according to the Federal Reserve’s Banking Deserts Dashboard, 153 now qualify as “banking deserts,” meaning […]