The Minnesota Credit Union Foundation (MnCUF) provides resources to help the state's credit unions and communities prosper and thrive – serving as the philanthropic arm of the Minnesota Credit Union movement.
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
Credit union history and principles are rooted in serving the underserved and cooperation among cooperatives. To support ABEP in their effort, the MnCUF is seeking to raise $1 million with support from the Credit Union Community.
The MnCU Foundation has established a special fund to receive donations from credit unions and other supporters. Please consider contributing to this effort. Contact Minnesota Credit Union Foundation President Mark Cummins or Executive Director Andrea Molnau to learn more and make your donation.
“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. 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.”
Debra Hurston, Executive Director
Association for Black Economic Power