Minnesota Credit Union Foundation Capital Drive 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 from the credit union community.

“Establishing the only Black-led, cooperative credit union in Minneapolis is an opportunity to effect positive change, empower growth and economic stability while directly addressing the core cause of systemic poverty on a variety of levels,” said Debra Hurston, Executive Director Association for Black Economic Power. “The original organizers were very passionate about having a community led credit union that would directly respond to the community wealth gap.
Also, having the credit union owned and operated by the community provides a huge source of pride and independence for the members.” 
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Credit union history and principles are rooted in serving the underserved and cooperation among cooperatives. Please consider contributing to this effort. To learn more, visit mncun.org/villagefinancial or contact Minnesota Credit Union Foundation President Mark Cummins or Executive Director Andrea Molnau.