HISTORY

JULY 2016

How we started

In the wake of several police killings, the death of Philando Castile was the catalyst that brought together concerned Twin Cities residents to brainstorm forms of resistance that didn’t involve putting Black bodies on the line. The Association for Black Economic Power (ABEP) emerged from the strategic movement toward Black independence through economic resistance, civil disobedience, and organized investment into the Black economy. Over the course of a number of community meetings, these residents prioritized a campaign focused on Black banking that has led to establishing a Black-led community credit union.

JUNE 2017

Member Pledge Kick-off + the Naming

Unlike banks, Credit Unions are established by and for their members. The ABEP team set a goal to reach obtain deposit pledge contributions before opening. At this same event, it was announced the that name of the Credit Union would be Village Financial Cooperative.

JUNE 2018

Commitment to Financial Literacy

In addition to other services, organizers envisioned providing free financial education. This key educational initiative would provide financial education and literacy to members, which includes low to moderate income communities and small/micro business owners.

MAY 2020

Pimento Relief Fund

ABEP worked with other community leaders to establish the Pimento Relief Services Fund. The fund was created to support businesses damaged by civil unrest in Minneapolis.

MAY 2021 THROUGH JUNE 2021

Initiated our Community Townhalls

Following the internal reorganization, ABEP hosted its first in a series of community townhall meetings of 2021 to reconnect with the community, affirm its continued commitment and provide a status update on the credit union.

JULY 2021

Revamped the Village website

The Village Financial Cooperative Credit Union website received an updated look and a major communications campaign was initiated. In 2022, the ABEP Board of Directors was informed of copyright challenges to the name Village. As a result, the organization put a vote before the community for a new name and Arise Community Credit Union emerged.