Corporate finance leaders are increasingly stepping up to help their companies deliver on racial and economic justice commitments. Most are enthusiastic about doing it, I’ve found in regular conversations with treasurers and CFOs, but some hesitate at the threshold of moving a big chunk of money. Impact deposits and investments are a new, unanticipated part of their jobs, and they don’t have accepted models to follow.
Majority-Black credit unions, while being more numerous than other majority-minority credit unions, are smaller on average, and have more difficulty lending their assets out into their membership. Here's how to change that.
The National Credit Union Foundation has today announced the recipients of a $100,000 grant to support smaller credit unions seeking to understand the roles culture, race and ethnicity play in financial well-being.