In Challenging times, the strength of a community makes all the difference. Communities provide strong support through food banks, community centres, and neighborhood watches. Helping individuals by offering practical aid and a sense of belonging. Credit Unions, for example, provide affordable financial products, and allow community members to manage their finances without turning to high-interest alternatives. #community #birminghamcommunity #creditunions #advancecreditunion #foodbanks #finance
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Did you know? In 1977, Congress passed the Community Reinvestment Act (CRA) to put an end to “redlining,” a discriminatory banking practice that denied loans and financial services to specific neighborhoods based on race and income. The CRA has helped drive billions of dollars into underserved communities, creating opportunities for homeownership, business growth, and economic resilience. Let’s keep pushing for fair access to financial resources for all. 💪✨ #InvestInOurCommunities #EndRedlining #EconomicJustice #CommunityReinvestmentAct #CRAimpact
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'Many banks can’t help everyone who applies and have to turn down applications which don’t meet their criteria.' In this article, the British Business Bank has collaborated with Responsible Finance, the national membership body for responsible finance providers, to explain how Community Development Finance Institutions (CDFIs) could provide the answer for businesses struggling to obtain finance, especially for businesses operating in deprived areas, are female-led, or minority-led. https://lnkd.in/divMeZWw #CDFIs #SMELending #ResponsibleFinance
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This article covers our "community of communities" approach to support working people in their financial goals!
At Central 1, we're proud to provide comprehensive support to Community Savings Credit Union as they break barriers in underserved communities and deliver sustainable, member-focused banking solutions. Driven by a strong social purpose to create a just world for working people, Community Savings are a leading example of how financial institutions can champion equity and inclusivity. From leading cannabis banking to launching community initiatives, learn more about how they invest in the future where innovation and inclusivity go hand in hand: https://lnkd.in/gGh9NDt7 #Clientstory #FinancialEquity #Banking #CreditUnion
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💳 Stop the Financial Drain: Keep Wealth in Your Community 💡 Every credit card swipe sends fees to out-of-state financial hubs, draining wealth from already disinvested communities. Local banks, obligated under the Community Reinvestment Act to reinvest locally, often fail to deliver—and the dollars leave, never to return. This outflow devastates local economies, eroding opportunities for growth and self-sufficiency. By embracing community capital strategies, we can reverse the tide, keeping money where it belongs—supporting local businesses, creating jobs, and building resilience. It’s time to act. How is your community addressing this financial outflow? #CommunityCapital #LocalWealth #EconomicJustice #FinancialEquity #InvestLocal
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Save yourself all that time. Just read these 3 Resources: 1. Community Support Guides 2. Personal Finance Recovery Plans 3. Local Financial Workshops 📚💪 Community engagement is key to bouncing back financially. Let's chat about it! Share your thoughts or tag a friend who could use this. And hey, don't forget to hit up 👉 recoveryandwealth.com for more gems! #FinancialRecovery #CommunitySupport #WealthBuilding
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Redlining, a discriminatory practice rooted in 1930s policies, denied loans and financial services to low- and moderate-income (LMI) communities. The Community Reinvestment Act (CRA), passed in 1977, changed that by requiring banks to meet the credit needs of these communities. The CRA, along with other fair lending laws, have been crucial in supporting CDFIs that provide financial access to underserved areas, helping to promote economic development and equity. #40DaysToOFN40 #CRA #Redlining #CDFI 📸: HOLC’s color-coding was such that areas in green were the “best” neighborhoods; those in blue were “desirable”; those in yellow were “declining”; and those in red were “hazardous.” This map is courtesy of the Mapping Inequality Project.
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Join us at #OFN40, along with our partners - Housing Partnership Network and Community Housing Capital, Inc. - for a discussion on “Using New Markets Tax Credits to develop homeownership opportunities and address the affordable housing crisis." Learn how HPN and CHC are using NMTCs to invest in affordable homeownership projects that support community stabilization, address racial inequity in homeownership, and expand wealth-building opportunities. #nmtcs #housingcrisis #homeownership #racialequity
Redlining, a discriminatory practice rooted in 1930s policies, denied loans and financial services to low- and moderate-income (LMI) communities. The Community Reinvestment Act (CRA), passed in 1977, changed that by requiring banks to meet the credit needs of these communities. The CRA, along with other fair lending laws, have been crucial in supporting CDFIs that provide financial access to underserved areas, helping to promote economic development and equity. #40DaysToOFN40 #CRA #Redlining #CDFI 📸: HOLC’s color-coding was such that areas in green were the “best” neighborhoods; those in blue were “desirable”; those in yellow were “declining”; and those in red were “hazardous.” This map is courtesy of the Mapping Inequality Project.
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Business Development | Treatment Advocate | Leveraging AI for Mental Health and Recovery | Startup Founder | Recovery and Wealth
Save yourself all that time. Just read these 3 Resources: 1. Community Support Guides 2. Personal Finance Recovery Plans 3. Local Financial Workshops 📚💪 Community engagement is key to bouncing back financially. Let's chat about it! Share your thoughts or tag a friend who could use this. And hey, don't forget to hit up 👉 recoveryandwealth.com for more gems! #FinancialRecovery #CommunitySupport #WealthBuilding
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"Transform community savings with Nidhi Company registration, ensuring limited liability and financial inclusion. Simplify compliance with expert guidance and build trust through legal recognition. Empower members with accessible financial services and stable funding opportunities. Start your journey towards economic empowerment and operational excellence today." Contact for more details 70662 90099 #nidhicompany #communitysupport#CommunitySavings #financialfreedom#FinancialGrowth #SecureFuture #collectivewealth #AffordableLoans #MemberEmpowerment
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This is just one of the ways we as a Credit Union help 🤝