An Update on our First Organizational Meeting

Last week, the New Economy Credit Union’s Organizing Committee hosted its first ever organizational meeting to elect the initial board of directors for the credit union once it opens. The meeting was a big success!

Dozens of community members from across the 53212 zip code and beyond gathered at King Drive Commons on the evening of Sunday, December 3. Organizing Committee leaders Rick Banks and Alex Brower kicked off the meeting with a brief introduction to the credit union and its progress thus far. The energy in the room was palpable. Rick and Alex shared the news that the Organizing Committee was ready to submit its application for official charter at the Wisconsin Office of Credit Unions in Madison.

Then they explained the proceedings for electing members to the board. The Organizing Committee nominated its own slate of candidates, and two members of the community also stepped up and nominated themselves for consideration.

After discussion and voting, a new Board of Directors was elected to lead the Credit Union once it opens. We’d like to congratulate Rossalyn Wolfe, Lavelle Young, Rick Banks, Alex Brower, Emily Bell and Tina Garcia for being elected! (I was also voted onto the board.)  

Thank you to everyone who participated in this meeting and who is joining with us to build an economic democracy in Milwaukee! Stay tuned for an update on the submission of our application.

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