Moved $60 million out of Wall Street Banks

5569998461_0ac8c0c637_o.gifTired of seeing the wealth, labor, and equity of your community being syphoned off to pad the pockets of Wall St Banks and corporate fat cats? We mobilized our tiny island to move $60 million dollars out of Wall Street Banks by organizing the community to open a credit union. You can too!

Now the community is represented with democratic ownership over the financial institution, opening the doors for micro-lending, reduced interests rates, and investments that reflect the community's values. Ultimately, by creating a democratically run community-based financial institution we are able to redirect the flow of equity that was leaking out and cycle that back into the local economy making a real difference in people's lives.

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We're excited to share the lessons learned in the organizing process and share how you can replicate this for your community's benefit!

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