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Minneapolis skyline. Minneapolis skyline. (Source: Shutterstock)

The new executive leader of a proposed credit union for the underserved black community in North Minneapolis, Minn., said an application to obtain a state charter has been rescinded.

Nevertheless, the credit union’s organizing group, the Association for Black Economic Power, said it plans to resubmit a state charter application to establish the Village Financial Cooperative with its mission to address the neighborhood’s longstanding economic disparities.

Peter Strozniak

Credit Union Times

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