The Nigerian community in the United States has put measures in place to establish a community bank. The proposed bank would serve the interest of the Nigerian community in that country and those at home. The News Agency of Nigeria (NAN) reports that the proposed bank – Nigeria Federal Credit Union – is being promoted by the Nigeria National Association, a non-profit organisation in the U.S. The credit union, when fully established, would be a full-fledged financial, banking, and investment initiative, in service for all, especially Nigerians resident in the U.S., including members of the Nigerian diplomatic corps. NAN reports that Credit unions provide banking services nationwide, loans, mortgages, credit cards, checking, mobile banking and more, and many have broader eligibility requirements that include individuals from a location or other broad-ranging characteristics. The steering committee of the proposed bank was inaugurated in Apri...