Minnesota Credit Union Foundation Contributes to Capital Drive to Support Village Financial Credit Union

​The Minnesota Credit Union Foundation Board of Directors recently approved a $14,000 contribution to the Village Financial Credit Union Capital Fund. The Foundation recently established a special fund to receive donations and is leading a drive to raise $1 million from the credit union community in support of the Association for Black Economic Power (ABEP) effort to establish a Black-led credit union in Minneapolis.

“In late 2019, the Foundation received a donation from the sale of the Great Minnesota Handshake – a collaboration beer sold at the Minnesota State Fair,” explained Andrea Molnau, Executive Director. “The Foundation Board felt using these funds to support Village Financial Credit Union would bring the community investment full circle.”

​​Credit union history and principles are rooted in serving the underserved and cooperation among cooperatives. Capital donations, Deposit Pledges and Individual Contributions are currently being sought to support this effort. To learn more, visit mncun.org/villagefinancial or contact Minnesota Credit Union Foundation President Mark Cummins or Executive Director Andrea Molnau.