OutBuro Voices 1-27 Myles Meyers Superbia Services LGBTQ Credit Union Gay Entrepreneur lgbt banking personal business financial institution home loans car

Myles Meyers: Building Community Through LGBTQ Financial Services – Superbia!

In this episode of OutBüro Voices featuring LGBTQ professionals, entrepreneurs, and community leaders from around the world, host Dennis Velco chats again with Myles Meyers CEO and founder of Superbia Services.

Superbia Services Myles Myers Credit Union Banking Financial LGBTQ community personal and business online banking

We chat about the very long road to bringing his vision to serve the United States LGBTQ community through financial services and products that eliminate discrimination and biases. Further, through using those services, provide much-needed funding for LGBTQ community organizations. With his 30 years of financial institution experience lense in early 2015 Myles sought out an LGBTQ financial services organization and found there was none. Knowing the institutionalized discrimination that many traditional financial services organizations impose on the LGBTQ community and individual biases of staff of otherwise well-intentioned institutions, Myles saw the strong need for a new financial services organization that is focused on the needs of gay, lesbian, bisexual, transgender, interest, asexual, queer, questioning persons and our wonderful community supporting allies. He also understands that most nonprofits serving and supporting the LGBTQ community struggle to meet current operational expenses let alone have the financial option to grow. So, from the outset, Myles set his sights on creating a new financial service organization that supports the individual, small business owners, and community nonprofits.

In this chat, you’ll get a great overview of the steps taken, progress, next steps, and immense personal commitment of Myles and his team. So far it has been a 4-year journey. It is with good reason a highly regulated industry and therefore Myles and his team been working tirelessly to meet and exceed all state and federal regulations to ensure Superbia Services is a safe and sound financial institution.

Watch or listen to the conversation to learn more. Connect with Myles on at: https://www.outburo.com/profile/myles/ Our first recorded interview with a great overview Episode page: https://www.outburo.com/superbia-1st-in-gay-banking-insurances-and-money-management/

On YouTube: https://youtu.be/DRRUAiqRkMQ Our first article on Superbia in December 2018: https://www.outburo.com/superbia-financial-the-first-lgbtq-community-national-credit-union/

Connect with Myles on OutBüro at: https://www.outburo.com/profile/myles/

Join Myles on OutBüro, the LGBTQ professional and entrepreneur online community network for gay, lesbian, bisexual, transgender, queer, allies and our employers who support LGBTQ welcoming workplace equality focused benefits, policies, and business practices. https://www.OutBuro.com

Would you like to be featured like this? Contact the host Dennis Velco. https://www.outburo.com/profile/dennisvelco/

Superbia Financial - The First LGBTQ Community National Credit Union Bank LGBT Employees Rate Employer Review Company Employee Branding OutBuro - Corporate Workplace Equality Gay Lesbian Queer Diversity Inclusion

Superbia Financial – The First LGBTQ Community National Credit Union

I was introduced to Superbia Financial initially through a group posting via our OutBüro on LinkedIn LGBT professional networking group. We had the opportunity to jump on a call this week to learn more about Superbia Financial from its CEO & Founder, Myles Meyers. Meyers was quick to explain that Superbia means Pride in Latin. I dig the word and thought behind it.

Meyers has a long deep background in the financial services industry both within insurance and banking as well as member driven organizations. He is a Canadian transplant now building Superbia from his new home base in New York City – one of the financial hubs of the world.

We are bringing financial services to the LGBTQ Community that match the values in our lives – Myles Meyers – CEO

Superbia will serve its members in three important ways:

  • Completely removing any risk of discrimination when sourcing financial services
  • Providing fair, and unique products, services, and a member (customer) experience that honors the unique needs of the LGBTQ community
  • Giving every penny of profit back to the community
    • Awarding up to 30% of profit to directly fund LGBTQ organizations, causes and community needs
    • Putting profits back into Superbia to offer better saving and lending rates, and other improved financial services to its membership

Why focus on the LGBT community’s financial life

LGBTQ people face discrimination, harassment and inequalities at nearly every possible interaction be it at work, in housing, in healthcare and so forth. Also we can face discrimination when dealing with financial institutions from personal banking, business banking and seeking capital for to grow our businesses. Sure, many large financial institutions, which we’ve pointed our here on OutBüro, have a pretty good to very good LGBTQ employee work culture and customer equality stance. However, the best of intentions of a large company does not always translate down to the individual banking employee you might be dealing with. You can and may still experience discrimination from a branch manager, loan officer or employee who despite company policies put forth their learned prejudices and biased beliefs causing you mental stress and financial harm.

Case in point is that in the United States we have had sexual harassment laws at the federal and state levels since 1978. Most companies have sexual harassment policies as well as require all employees to participate in sexual harassment training and sign documents. However, all you have to do is turn on the news and several times a month and you will see high profile sexual harassment cases. Consider the hundreds and thousands monthly that don’t make the news. Corporate LGBTQ supportive and friendly policies are wonderful and we applaud all companies who have them in place. But taking sexual harassment as an indicator, it will be a very long time before those LGBTQ friendly policies and laws translate to a true culture of equality devoid of discrimination, harassment and worse.

Come bank with Superbia as and who you are. Your financial life is very important to you and therefore important to Superbia.

100% LGBTQ banking

Superbia Financial, upon receipt of its charter to operate, is the first financial institution, as a member based credit union, to be built by an LGBTQ entrepreneur and 100% focused on the LGBTQ community – YOU. As a credit union you are a member and therefore also have a vote in many actions of the credit union. You may participate in voting for board members that will ensure the board is both qualified and always reflects the membership base.

As a not-for-profit, Meyers explained that the tax savings will provide a lower cost of business and thus be able to provide more of the profits to directly fund national and regional LGBTQ organizations, causes and community needs. Your banking with Superbia creates a sustainable funding stream for organizations serving our LGBTQ community.

It’s banking with an LGBTQ social impact.

The world doesn’t need another generalized bank or credit union. The LGBTQ community needs a financial institution such as Superbia that is not only LGBTQ focused, but participates as part of the community and supports the community widely. – Myles Meyers – CEO

Financial diversity in the diverse LGBTQ community

There are an estimated 8.5–10 million LGBTQ living in the United States. In 2015, the combined economic power of the community was estimated at $917 billion, yet poverty exists in the diverse LGBTQ community. It’s estimated that 9.1% of gay couples and 4.9% of lesbian couples over the age of 65 live in poverty due to a lifetime of discrimination in the workplace. 25% LGBTQ people have reported being discriminated against in some way during their life. The fear of coming out that many in the LGBTQ community experience increases their risk of depression and/or anxiety as much as 3 times.

Superbia Financial credit union is an inclusive organization and whether you’re part of the LGBTQ community or you’re a supportive ally, you are welcomed. You deserve a banking partner that values you for who you are and where you are without the potential of being discriminated against.

What services to expect

Meyers and a hard-working team of around 25 people have been working diligently for over two and a half years in getting Superbia Financial to the point of it’s impending launch. During that journey they have consulting with numerous stakeholders and providers across the country to find the right blend of technology to meet your expectations of banking in the time of internet based everything. Meyers explained that Superbia, as a virtual credit union, will have the online and mobile apps you’d expect – such as mobile/remote based check deposits. As products are made available, members will have the options of:

  • Check account
  • Saver account
  • Certificate of deposit
  • Credit card
  • Short-term loan
  • Line of credit
  • Mortgage
  • Wealth management
  • Small business account

Superbia just doesn’t want you – it needs you

To create a credit union that serves the unique interests and needs of the LGBTQ community, and that distributes its profit to the causes and programs unique to LGBTQ persons, Superbia must demonstrate the desire and need of the community to the regulators.

To show your interest in helping bring this revolutionary vision to life for yourself and others, head over to their website and sign up to stay abreast with Superbia’s progress – they only ask for your name, email and state.

When can you open your accounts

Superbia, in October 2018, filed the application to acquire its charter to operate as Superbia Credit Union. Meyers stated, “In the process so far we’ve had discussions about our application, vision and plans. The dialogue has been productive. This process is lengthy with naturally a huge focus on the security of any potential members financials. “We are very pleased with the development effort to make our application for charter as strong as possible. We cannot predict exactly when, but we hope within the next few months we’ll receive the approval and when that happens we are ready to serve our community.”

To learn more about Superbia, please visit www.superbiafinancial.com.

Keep up with Superbia via:

Facebook: @SuperbiaFinancial

Twitter: @pride_superbia


Have an LGBTQ related news tip focused on the professional side of life? Contact us to get the word out.

Join Now - 13 - OutBuro LGBT Employer Reviews Rating Gay Professional Network Lesbian Business Networking GLBT Entrepreneurs Startup Diversity Recruiting Jobs Company Queer Bisexual Transgender