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Denver credit union continues marijuana banking crusade

DENVER (AP) – A Colorado credit union – once on the cusp of revolutionizing banking for marijuana businesses before being thwarted by the Federal Reserve Bank of Kansas City – has resumed its quest to open.

But going into the new year, The Fourth Corner Credit Union – a state-chartered credit union in Denver – again finds itself in a courtroom battle with the Kansas City Fed for the ability to open and serve marijuana businesses.

This time, the credit union is approaching the challenge with a new strategy – a scaled-back mandate to serve only advocacy groups rather than its previous, broader ambition to serve plant-touching businesses.

Read More at KDMiner.com 

 



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