They offer a wide variety
of additional financial services including payday loans, check cashing, bill payment, prepaid cards, tax services, Money orders and Western Union.
The consultation paper seeks views from interested parties by 12 September 2007 on a wide range of issues including: how credit unions can attract more affluent members; the membership of credit unions; the ability of credit unions to pay interest; the provision
of additional financial services; and the governance, accountability, reporting and auditing requirements.
Additional financial services: In order to better mimic a traditional bank, Bread plans to introduce features including direct deposit of salary in the form of cryptocurrency sent straight into the user's wallet, peer - to - peer lending, automated bill pay, and long - term savings accounts.