Many beauty industry professionals are unbanked or underbanked. They often lack access to affordable credit, business banking, and financial tools tailored to their industry.
Though they power a multi-billion-dollar economy, beauty industry professionals have been overlooked by traditional financial institutions for decades. Most banks don't understand the way this industry operates - from irregular income and cash-heavy transactions to the challenges of
running a chair or managing a shop.
This proposed credit union aims to change that - by creating financial solutions rooted in trust, flexibility, and real-world experience.
To build a member-owned financial institution that helps beauty industry professionals:
We envision a future where financial tools are designed with beauty industry professionals in mind - not treated as an afterthought. Through member ownership, education, and transparent services, this credit union will support lasting financial stability for individuals, families, and entire communities.
Once chartered and operational, the credit union is designed to provide:
Accessible accounts designed for small business owners and self-employed professionals to manage their income with clarity and ease.
Support for members working to establish or improve their credit, with fair terms and a focus on long-term financial health.
Loans to help barbers, stylists, and beauty entrepreneurs invest in tools, chairs, spaces, and new locations - without predatory cycles.
Guidance to help members make confident financial decisions, plan for taxes, and prepare for milestones like homeownership or retirement.
Support for first-time homebuyers and members working toward long- term stability through homeownership.
Tools and resources to help beauty industry professionals plan for their future and build long-term wealth.
