Latest News
Introducing the New ABEP Logo: Empowering Black Economic Excellence
We are thrilled to unveil the brand-new logo for the Association for Black Economic Power (ABEP), a symbol that encapsulates our commitment to driving economic empowerment within the Black community.
Partnering To Empower Minnesota’s First Black-Led Credit Union
ABEP partnered with Minneapolis-based creativity agency Superhuman in the creation of this fundraising initiative.
History in the Making: CEO Selected for Minnesota’s first Black-led Credit
The Board of Directors of what will be Minnesota's first Black-led credit union, Arise, has named Minneapolis resident, Daniel Johnson, as CEO-designee.
Organizers of what will be Minnesota’s first Black-Led Community Credit Union conducted their “official” organizers meeting
St. Paul, Minn. On Oct. 27, The Association for Black Economic Power (ABEP), along with the Minnesota Credit Union Network (MnCUN) hosted the official Arise Community Credit Union Organization Meeting.
Cooperative Economic Justice- Womens Press.com
“This project has a bigger national image than it does in the state,” Hurston says. “I think what draws people outside of Minnesota to this is the fact that they are aware of the stories of Philando Castile and George Floyd, the banking drought."
Association for Black Economic Power taps Versique to find CEO for new credit union
The Association for Black Economic Power, which is attempting to open a Black-led credit union in Minneapolis, is partnering with one of the largest headhunters in the Twin Cities to find a CEO for the planned financial organization.
Association for Black Economic Power Updates Community on Status of Black–Led Credit Union
MINNEAPOLIS, March 16, 2022--(BUSINESS WIRE)--The Association for Black Economic Power (ABEP) recently hosted its first in a series of virtual town hall meetings designed to update community members on the status of Village Financial Credit Union (VFCU), Minnesota’s proposed first Black-led community credit union.
Association for Black Economic Power Updates Community on Status of Black–Led Credit Union
MINNEAPOLIS--(BUSINESS WIRE)--The Association for Black Economic Power (ABEP) recently hosted its first in a series of virtual town hall meetings designed to update community members on the status of Village Financial Credit Union (VFCU), Minnesota’s proposed first Black-led community credit union.
Minnesota Credit Union Foundation Announces Capital Drive to Support Black-led De Novo Credit Union
The Association for Black Economic Power (ABEP) is a nonprofit organization created to establish a Black-led credit union to address systemic financial challenges impacting Minneapolis residents, particularly people of color. ABEP is currently raising capital for post-opening operating expenses for Village Financial Credit Union.
Star Tribune: Group seeks city's help to revive a plan for Black-led credit union in north Minneapolis
By Faiza Mahamud Star Tribune MAY 31, 2021 — 6:16 PM
Under new leadership, the Association for Black Economic Power says it has overcome the setbacks of 2019. A group created to foster the financial independence of north Minneapolis residents has revived an effort to create the first Black-led credit union on the North Side.
The Association for Black Economic Power (ABEP) has brought on new staff and board members to bring to fruition Village Financial Cooperative and is seeking $6 million from the city to get it off the ground. . .
Association for Black Economic Power poised once again to launch North Minneapolis credit union
By Iain Carlos – Reporter, Minneapolis / St. Paul Business Journal
May 5, 2021 Updated May 5, 2021, 2:41pm CDT
The Association for Black Economic Power has found its footing since a scandal shook the organization in 2019 and is well-positioned to launch a long-anticipated North Minneapolis credit union in the first half of 2022, said Debra Hurston, executive director. . .
Association For Black Economic Power Forms New Alliances To Launch Financial Cooperative
Shanique Yates. Apr 27, 2021.
Meet the two forces on a mission to build a village committed to financial well-being. According to Business Wire, The Village Financial Cooperative will be launched thanks to two leading organizations in the credit union sector.
“We remain committed to the launch of the Village Financial Cooperative, and will be working in close coordination with both the Minnesota Credit Union Network and the African-American Credit Union Coalition,” said Debra Hurston, Executive Director at the Association for Black Economic Power (ABEP) — who was appointed in December 2020
ABEP On Yahoo! Finance
Mr. Mark Cummins, President & CEO of the Minnesota Credit Union Network said, "We’re seeking to provide the critical mentorship and support needed for the launch of the Village Financial Cooperative. Our member credit unions and the staff at the Minnesota Credit Union Network are truly excited to bring the cooperative principles of the credit union movement to this worthy project."
Association for Black Economic Power Creates New Alliances with Leading Community-Based Organizations and Credit Union Industry Partners for the Launch of Village Financial Cooperative
Businesswire.com April 27, 2021 07:00 AM Eastern Daylight Time
MINNEAPOLIS--(BUSINESS WIRE)--Debra Hurston, Executive Director at the Association for Black Economic Power (ABEP) announced today new support for the launch of the Village Financial Cooperative from two leading organizations in the credit union sector. “We remain committed to the launch of the Village Financial Cooperative, and will be working in close coordination with both the Minnesota Credit Union Network, and the African-American Credit Union Coalition,” said Ms. Hurston . . .