Community Development Financial Institutions

Private-sector financial institutions with community development as their primary mission.

Our “Stand with Standing Rock” at Cooperative Federal Credit Union isn’t our first social and economic justice action.  Not by far -- that would be the defunding of South African Apartheid institutionalized racism and segregation in

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[Editor's note: Below are three interviews from CommonBound 2016, held in Buffalo, NY earlier this year.  Interviewers Laura Flanders and Esteban Kelly talk with three women who are working to build financial and economic structures that empower people and communities.  Click here for more videos from the conference.  CommonBound is a project of the New Economy Coalition (NEC), a network of 150-plus organizations including PeoplesAction, 350.org, and the U.S.

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[Editor's note: these two documents from Croatia's EBank (English translation) lay out an alternative type of financial institution for solidarity economy projects and enterprises.  While utilizing an ownership structure similar to a credit union (all customers are owner

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Low-income workers in Seattle are getting another economic boost. Five months after the local government became the first in the country to gradually raise the minimum wage to $15—making it the highest in the country—the Federal government's Small Business Administration has funded a local business support group to help train disadvantaged Seattle workers to develop worker cooperatives and home-based or cottage businesses.

 

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The South is the poorest part of the USA. The election of a Black president did not alter this fact. The ongoing national and global economic crises have only intensified this reality.

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Over 125 years ago, the Populist Movement launched a third party in the US and their most compelling platform plank was "greenbacks," the elimination of the rigid gold standard and a freeing up of the money supply. Here we are over a century later and Richard Nixon freed us from the last vestiges of Gold in forty years ago and our central Banksters have expanded the money supply at the behest of Presidents and their Bankster allies.

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