Capital donations; Deposit Pledges; and Individual Contributions Sought to Support Village Financial Credit Union
The Association for Black Economic Power (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. ABEP is currently raising capital for post-opening operating expenses for Village Financial Credit Union.
As the philanthropic arm of the Minnesota Credit Union movement - the MnCU Foundation has established a special fund to receive donations from supporters for Village Financial Credit Union, and is seeking to raise $1 million in capital from the credit union community.
Contributions secured now will be highly catalytic for ABEP and Village Financial as they provide important grounding for the State charter application and NCUA application; evidence of traction as additional financial support from other sources are sought; and ensures operational sustainability during the first three years of opening. Here is how you can help:
More information about these options can be found online; or contact MnCUF President Mark Cummins or Executive Director Andrea Molnau with questions.
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