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Credit Union 1 is launching a pilot program to provide financial services to marijuana-related businesses.
The announcement was made Thursday by the credit union's president and CEO James Wileman at a press conference. According to Jessica Gallagher, Credit Union 1's senior communications specialist, the lack of financial services for these businesses has "flooded our streets with cash resulting in a community safety issue."
Credit Union 1 plans to help solve this issue through the pilot program.