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A tiny credit union's tall order

Holy Trinity Baptist Church Federal Credit Union has about $24,000 in assets, making it one of the smallest credit unions in the U.S. But it has survived and thrived over the past 50-plus years with low overhead and a small but loyal membership. ....

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Full of faith in faith-based credit unions and collaboration

The Faith Based Credit Union Alliance that I co-chair has 23 credit union members, mainly in the Chicago area, but now also in Indiana, Kentucky, ....

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This Black Barber Opened The First Credit Union In Arkansas Since 1996

After years of making loans from his Little Rock barbershop, Arlo Washington has chartered the state’s newest credit union – offering a blueprint for communities to create their own financial institutions. ....

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Bottom Line Conversations: Why Supporting Black Credit Unions Is Critical for Economic Recovery

Copeland will talk about her career in financial empowerment and how it’s culminated in working with minority credit unions, particularly Black credit unions, around the country to ramp up their ability to lend. As Next City has reported, Black credit unions are more numerous than other minority credit unions, but have had more difficulty making loans to their members than other minority credit unions do, or credit unions in general do. If Black credit unions loaned out at volumes equivalent to their peer institutions, they'd have more than a billion dollars more in loans on their books. Credit unions can’t solve everything when it comes to racial equity in banking and access to credit. But what can they solve? And why are they still worth the support that Copeland and her programs are providing to them? Next City’s series “The Bottom Line” explores scalable solutions for problems related to affordability, inclusive economic growth and access ....

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Bottom Line Conversations: Why Supporting Black Credit Unions Is Critical for Economic Recovery

Join Senior Economics Correspondent Oscar Perry Abello for the latest in his webinar series that goes beyond the issues of equitable economic development to talk to the people who do the work. ....

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