In recognition of the support from the Minnesota Credit Union Community to launch Village Financial Credit Union, the Association for Black Economic Power (ABEP) is pleased to provide the following update on the status of the charter applications process. ABEP is a nonprofit organization created to establish a Black-led credit union to address systemic financial challenges impacting Minneapolis residents, particularly people of color.
Project updates include:
The Minnesota Credit Union Foundation is seeking both Capital Contributions and Pledges of Deposit to help support this effort. To have your contribution be included with the Charter Application, please make your commitment by April 8, 2022. To learn more, visit mncun.org/villagefinancial or contact Minnesota Credit Union Foundation President Mark Cummins or Executive Director Andrea Molnau.
A monthly call has been scheduled through MnCUN to provide additional updates and the opportunity to ask questions. Those interested in participating can reach out to Samantha Marks for the log in credentials.
The Pulse is MnCUN's newsletter that keeps credit union professionals and board members updated on current news and information.