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Credit Union Times - “People helping people” has long been a mantra for the credit union industry. That phrase could mean different things to different credit union professionals: Supporting a community in need after a natural disaster, lifting up individuals facing financial hardships, or creating a space or even a new credit union to provide needed resources for a segment of the population. In the highly regulated credit union universe, building these support services can take years to accomplish, and sometimes it takes multiple efforts through several attempts to get one right. Despite the challenges, there are credit union-focused organizations that have embraced the “people helping people” philosophy with a focus on Black professionals and the Black community, and their efforts could truly benefit people of all races. At the Minnesota Credit Union Foundation (MnCUF), a branch of the Minnesota Credit Union Network, executives have thrown their support behind the non-profit organization the Association for Black Economic Power (ABEP) to create a new credit union – Village Financial Credit Union.
Credit Union Times - “People helping people” has long been a mantra for the credit union industry. That phrase could mean different things to different credit union professionals: Supporting a community in need after a natural disaster, lifting up individuals facing financial hardships, or creating a space or even a new credit union to provide needed resources for a segment of the population.
In the highly regulated credit union universe, building these support services can take years to accomplish, and sometimes it takes multiple efforts through several attempts to get one right.
Despite the challenges, there are credit union-focused organizations that have embraced the “people helping people” philosophy with a focus on Black professionals and the Black community, and their efforts could truly benefit people of all races.
At the Minnesota Credit Union Foundation (MnCUF), a branch of the Minnesota Credit Union Network, executives have thrown their support behind the non-profit organization the Association for Black Economic Power (ABEP) to create a new credit union – Village Financial Credit Union.