Minnesota welcome sign Source: Shutterstock.

As part of a capital drive to open Minnesota’s only Black-led de novo credit union, the Madison, Wis.-based CUNA Mutual Group recently announced it will offer a donation match, dollar-for-dollar of up to $250,000, for individuals and credit unions that make contributions through June 30 to support this initiative.

The Minnesota Credit Union Foundation partnered with the Association of Black Economic Power to raise $1 million in capital from the credit union community to support the establishment of Village Financial Credit Union. The ABEP is a nonprofit organization that was formed to create a state-chartered financial cooperative to address systemic financial challenges impacting Minneapolis residents, particularly people of color.

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Peter Strozniak

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