Text of this article is taken from Faith and Money Network‘s blogpost:
“An Invitation to Anti-Racist Action: Moving Money to Hope Credit Union”
https://faithandmoneynetwork.org/whats-happening/an-invitation-to-anti-racist-action-moving-money-to-hope-credit-union/
“In the wake of the Black Lives Matter movement and Faith and Money Network’s own reckoning with a commitment to racial equity, the organization has committed to moving money to Hope Credit Union, a Black-led, government-insured financial institution based in Jackson, Mississippi.
Faith and Money Network director Mike Little and board member Andy Loving of Just Money Advisors invite you to consider opening a money market account at Hope Credit Union to support its efforts to build capital for Black individuals and businesses.
By moving money to Hope Credit Union, you would join Faith and Money Network board members and the organization itself in solidarity with the anti-racism movement and healthier financial futures for BIPOC Americans in the Mid-South.
Why Hope Credit Union?
Hope Credit Union (HCU) has its roots in Jackson, Mississippi, where it was organized in 1995 by the members of Anderson United Methodist Church as the state’s only church-sponsored credit union.
Since its founding, the minority-led credit union has formed several partnerships, sponsorships and mergers that today enable Hope Credit Union to deliver its services to a largely BIPOC membership in Alabama, Arkansas, Louisiana, Mississippi, and Tennessee.
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“Community development financial institutions like Hope Credit Union are historically underfunded, says financial advisor and Faith and Money Network board member Andy Loving. CDFIs often have a lot more work to be done in their communities than the money they have to loan out. And when looking at what it would take to overcome wealth inequality in the United States, the reality is stark: The average Black family in America has just 12% of the wealth of the typical white household.
HCU helps communities and individuals build wealth by serving mortgage and small business loans, both of which can be essential in eradicating systemic inequality. If you’re looking for your money not just to make more money, but also to do good in the world, moving some of that capital to HCU can be a promising start.
“This is just a different social justice action that we don’t think about,” says Loving. “When you go into a financial institution and make a deposit, you’re handing over a measure of power.”
By moving money to HCU, even in small amounts, you can support individuals who often face barriers when trying to build wealth. Making this move may be an answer for those who have demonstrated in support of the Black Lives Matter movement and committed to anti-racism but are wondering what actions they can take next.
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“If you’d like more information or help setting up an account, contact Andy Loving and his team at Just Money Advisors, who can provide complimentary assistance to Faith and Money Network community members interested in opening a money market account at HCU.”
Learn more about how to get involved by reading the full F+M Network article or visiting the Hope Credit Union website.
Building D.C. Back Better!
Major healing and justice building projects around D.C. are ongoing, including the new Recovery Cafe DC building shown above, Jubilee Housing’s ‘King Emmanuel’ building for low income families and returning citizens, The Festival Center overhaul, and Manna Inc.’s ongoing empowerment work. Learn more about the visions behind these developments below. Donations much needed and appreciated!
Donation links
Recovery Cafe, DC: https://recoverycafedc.org/donate/
Jubilee Housing: https://jubileehousing.org/donate/
The Festival Center: https://festivalcenter.networkforgood.com/projects/133892-building-a-space-for-justice
Manna, Inc.: https://mannadc.networkforgood.com/projects/32600-support-affordable-housing-in-dc
Funeral Mass of Conrad Hoover, Diocese of Charlotte, NC
Scheduled to broadcast Jan. 27, 2022, 2-3:30pm.
Link: https://boxcast.tv/view/funeral-mass-of-father-conrad-hoover-wgp7eh4s70tztjdv8l0o
Conrad Hoover had been a beloved member of two Church of the Saviour faith communities before being called to institutional ministry first in the Presbyterian Church and later the Catholic Church. He will be missed by many in CoS community, especially those whom he mentored closely. He will be featured in the upcoming issue of Callings. Rest in Peace Father Hoover.
Mass of Christian Burial presided by Bishop Peter J. Jugis of the Diocese of Charlotte at St. Peter Catholic Church in the center city Charlotte, NC.
