Mahesh Deshpande’s Post

The financial industry’s underwriting practices that have historically created racial inequities are an obstacle to building long-term wealth and financial stability among people of color. On this first day of Black History Month, we’d like to shine the spotlight on the Beneficial State Foundation Underwriting for Racial Justice Lender Pilot Program, which aims to reform the way this important step in the lending process takes place to pave the way for a more equitable and just future. We applaud the commitment of the 19 other financial institutions who stand with us by participating in the program to activate systemic change in our communities and in the banking system. Learn more: https://bit.ly/47UCF8Y #BlackHistoryMonth #WhereYouBankMatters

Time to bust some Credit Union myths! Don’t believe everything you hear.👂 💬 Let’s separate fact from fiction with our own DEI Program Leader, Jennifer Jeffries, and other experts. #FIGFCU #CreditUnion #CreditUnionMyths #CreditUnionStrong #MemberOwned #CreditUnionLife #PersonalFinance #FinancialWellness #CreditUnionBenefits #CreditUnionProud #MemberServices #CreditUnionNation

Thrilled to be facilitating a CEO-focused session at this year's Cornerstone League Annual Impact Meeting! ️ Thursday, 3:00 PM The credit union landscape is evolving rapidly. Strong strategic leadership is key to navigating these challenges and emerging as a winner. Join me for a dynamic discussion where we'll explore often-overlooked strategic elements that can propel your credit union towards success. Don't miss this opportunity to gain fresh perspectives and actionable insights! Cornerstone League #ImpactMeeting #CreditUnionLeadership #strategicplanning #strategy #cornerstoneannualmeeting

I love credit unions because they partner to expand financial inclusion and build stronger communities. Below is an example of how 6 Illinois credit unions are partnering with the Illinois Credit Union League, Illinois Hispanic Chamber of Commerce and SBA to empower small businesses and develop communities. #Ilovemycreditunion #Illinoiscreditunionleague

This article speaks volumes on Judy!

NBIC's Sips & Strategies: Empowering Entrepreneurs through Financial Literacy Earlier this month, NBIC hosted a successful Sips & Strategies event, kicking off with a powerful presentation on protecting your assets by Shanna Johnson of Truist. This valuable session equipped entrepreneurs with the knowledge and tools to safeguard their financial well-being. Lechelle Moore, CFP® and @Chris Moore also delivered an insightful talk on "Writing a Love Letter to Your Family," emphasizing the importance of financial planning for future generations. This resonated deeply with our mission at NBIC, as we strive to empower entrepreneurs to build wealth and ensure its legacy. February is Black History Month, and at NBIC, we celebrate by making history every day. We are dedicated to scaling companies owned by minorities and closing the wealth gap. While many entrepreneurs achieve financial success, understanding how to protect and pass on their wealth can be a challenge. We are grateful for community partners like Truist and UBS who share our commitment to empowering entrepreneurs and building generational wealth. Together, we can create a brighter future for our communities. Truist Wealth Angela Conner Johnny B. Moore, Jr. Cameron Wells Lynette Bell Bill Rogers Ryan McLaughlin Wood Jeff Woody Jarrett Strickland, CFP® #NBIC #SipsAndStrategies #FinancialLiteracy #BlackHistoryMonth #WealthCreation #CommunityPartners

MO Bankers be sure to find Larry Wood & Travis Holdman at the Annual Convention to learn about exciting updates in tax-advantaged investment strategies for community banks! #mobankers #solartaxcredit #communitybanks #investments

Financial Facts and other Trivia. Did you know...? #jimrobinsononpoint #FinancialFacts #trivia “We must all hang together, or most assuredly, we shall all hang separately.” -Benjamin Franklin Since 1928, in election years, the S&P 500 has risen 83% of the time. When a Democrat was in office, and a new Democrat was elected, the total return for the year averaged 11.0%. When a Democrat was in office, and a Republican was elected, the total return for the year averaged 12.9%. -Morgan Stanley “The British ministry can read that name without spectacles; let them double their reward.” -John Hancock Violent crime dropped 15.2% nationwide in the first three months of the year compared with the same period in 2023, with murders and rapes both falling about 26%. Murders plummeted by more than 40% in cities such as New Orleans, Philadelphia, Seattle, and Boston; crime analysts say if such figures hold steady, we may see the largest one-year decline in murders in U.S. history. -CNN, June 10, 2024 “Facts are stubborn things, and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.” -John Adams An over 2,000-year-old wine was discovered in an urn in Spain and has been deemed the oldest ever found in liquid form. The wine was described as “full-bodied” because it also contained the cremated bones of a Roman man. -TheGuardian, June 18, 2024 In 1958, for a school project, 17-year-old Robert Heft designed a new version of the American flag, which consisted of 13 stripes and 50 stars – a familiar and iconic design that has been used to represent the American flag ever since. He received a B-. -Star Spangled Flags

Explore why representation matters in finance: Janna Hurd sheds light on the crucial role Black financial advisors play in fostering financial literacy, generational wealth, and retirement readiness within the Black community. #DiversityInFinance #fintech #payments #banking #CFO https://lnkd.in/ezZfAk2v

In light of the recent news that courts have unfortunately sided with the US Chamber and other trade groups and halted implementation of the modernized Community Reinvestment Act (CRA) rules, I wanted to share some data from Atlanta Wealth Building Initiative ‘s research. It’s worth revisiting the point that CRA enforcement is so important for addressing the banking industry and federal government’s very explicit racist redlining laws and practices, which we’re still dealing with today. And although the update wasn’t perfect, it was a step in the right direction. We cannot go backwards when we’re still losing so much ground when it comes to building the wealth of Black folks. #community #wealth #banks #accesstocapital #housing #homeownership