The proposed Community of Faith Credit Union will be a faith-based, member-owned, cooperative non-profit financial institution.
Our organizational goals include providing faith-community stewards banking services which encourage savings, debt elimination, and the wise use of credit. Although, not yet chartered to operate in the State of Ohio, Community of Faith shall be a unique credit union dedicated to supporting the ability of its members to manage and control their economic and social well-being while maintaining the strength of a mutually beneficial organization.
Among financial organizations, Community of Faith plans to serve as a community resource with deep and abiding moral and ethical values.
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Check Out our article in the Vindicator:http://www.vindy.com/news/2013/apr/24/community-of-faith-credit-union-seeks-fi/
ACCESS TO CAPITAL is what we need to talk about.Stifling, Economic development is ACCESS TO CAPITAL for low income citizens, financially known as (Unbankable). This population is forced to do financial business with Predatory Lenders that charge Higher Interest and Transaction Fees. The fact that we have so many check cashing, rental and dollar stores located in low income areas is evidence, This population when given a chance can meet financial obligations. Not to mention the many good business and/or program ideas that come from the low income population who CAN’T ACCESS CAPITAL to develop their projects to the next level.
“That’s the problem” True efforts to re-line our business bottom is to provide ACCESS TO CAPITAL & FINANCIAL EDUCATION to all.
Community of Faith Credit Union
Be-for-you is the opportunity to be apart of solving this problem and to make History, By helping to establish the first Black Financial Institution in this area.
We encourage Individuals, Families, Churches, Sororities, Business’s and Organizations to:
Bricks are $100 each, The purchasers name will go on COFCU’s founders wall located on their website. Upon Opening the COFCU will also dedicate a full Thank You page to all Brick Buyers and Supporters in the local news paper. “Join Us For This Historical Moment"