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Hello,
BiddingPond is looking for potential investors to open a Bitcoin credit union. At the beginning stages we will be operating as a Basic Service credit union. A basic service credit union generally offers basic products, such as regular share accounts and small consumer loans. Regular share accounts include savings, vacation clubs, holiday clubs, etc. The small consumer loans include personal (signature), new and used automobile, home improvement, educational, and debt consolidation type loans. We will also be offering other services as we mature to the Bitcoin community and eventually apply to become a full service credit union.
Currently the estimated costs to start up according to NCUA (National Credit Union Administration) would be: $127,000 USD. We would like 150% of that amount to allow for a larger operational buffer. This credit union would be federally chartered in the United States and follow all applicable rules and regulations.
If you are interested in more information as this progresses and would like to join the organization committee please send an e-mail to.
[email protected]
More information will be posted here as it becomes available. Online meetings will also be held with potential investors in the near future,
Regards,
BiddingPond.com Team
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