[VandyILL]

Interesting idea, but without a physical locatiin I wonder if they'll be able to compete with the online products people would expect from an online bank.

Also, usually credit unions are linked to a small commub you etc & help finance things in that community. Is there going to be a specific focus for this bank?

[zacharycohn]

... yes. The Internet Community is their chosen focus...

[VandyILL]

Yeah, but what specifically are they going to do to help the "internet community."

Is it giving low costs loans to people who want to start businesses that happen to use the internet, or is it going to give loans to businesses that help facilitate internet infrastructure.

The website made it look like they'll give a low interest loan to anyone who simply uses the internet & the only reason that condition seems to be there is because you have to use the internet to get to the credit union. More likely just low cost loans to whoever is a member of the Internet Credit Union. Doesn't really seem to have any cooperative aspect to it about promoting the internet as a community.