Postal Banking Could Provide Free Accounts to 21 Million Americans Without Access to a Credit Union

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The big idea

About a quarter of census tracts with a post office don’t have a community bank or credit union branch, suggesting postal banking could provide a financial lifeline to the millions of Americans without a bank account, according to our new research.

To reach this conclusion, we analyzed nationwide data on post office retail locations and bank and credit union branches, as well as other demographic details in those areas. We wanted to understand how prevalent U.S. Postal Service locations are in areas underserved by banks and credit unions…

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