Information Session June 27th!

The Organizing Committee of the proposed Riverwest & Harambee Credit Union will be hosting an information session on June 27 from 6:00 – 8:00 PM, location TBD.

Bring your questions and thoughts about our effort.  This will be a chance for you to meet our organizing committee, and hear in-depth details about how we are going to start Wisconsin’s newest credit union!

For more information, call Alex Brower at 414-949-8756 or contact us.

Fundraiser December 14!

On December 14, we are having our first fundraiser!  Join our Organizing Committee as we partner with the Riverwest Neighborhood Association to raise money for our new credit union.

Wednesday, December 14

6:30—8:30 PM at Gordon Park Pavilion

(2828 North Humboldt Blvd., MKE, 53212)

After a short RNA meeting, we will have our fundraiser.

Food and refreshments provided.

Hear from our Organizing Committee, learn about our new credit union, and help us grow an economy that works for everyone.

Support Levels

Credit Union Champion: $2000

Credit Union Rockstar: $1000

Credit Union Kickstarter: $500

Credit Union  Founder:  $250

Credit Union Supporter: $150

Credit Union Friend: $30 (Suggested donation at door)

No one will be turned away who can not pay—we’d love to have you there!

Contact us to support the credit union at one of these levels.  All donations to the Riverwest & Harambee Credit Union Organizing Committee are income tax deductible.  At this event, we can accept cash, check, money order and all major credit cards.  Please make all checks and money orders to Cooperative Development Fund of CDS.

Check out our flyer here!

What is a Community Organizing Credit Union?

We are closer than you think to starting Wisconsin’s newest credit union.

We are not just creating any kind of credit union, however, we are creating a Community Organizing Credit Union.  A community organizing credit union will provide financial services, help foster new cooperatives, and organize our community to stand up to the banksters and Wall Street.

As a community organizing credit union, we will work to create economic democracy: the idea that workers and communities that create wealth should decided how that wealth is used.

We are the first to call ourselves a community organizing credit union, but not the first to practice it.

While forming the United Farm Workers, Cesar Chavez also helped to found the Farm Worker Credit Union.  This credit union helped farm workers with loans to survive the winter months with no pay, and helped finance the strikes lead by Chavez.  Check out a great essay about the Farm Worker Credit Union here.

Closer to home, Stoppenbach Credit Union in Jefferson, Wisconsin helped the workers of Tyson Prepared Foods, UFCW Local 538, when they went on strike in the early 2000s.

Here in Milwaukee, we can use our credit union to achieve the change we need.  

Please check out the articles below for more information about how Chavez and others use a credit union to organize:

Farm Worker Credit Union Article

Malcriado Article “Growing and growing”

Malcriado Article Feb. 1969

When you are done being inspired by Chavez, please visit our Volunteer! page to get involved.  If we don’t do anything, nothing will change.

 

Donate!

Let’s make this happen!

To get this new community organizing credit union open we need to raise, through donations, our start-up and operating expenses for the first few years.

We are partnering with Cooperative Development Services (CDS) to raise the money for these expenses through their 501(c)(3), the Cooperative Development Fund of CDS.  See below for more details.

How to give online

Our donation form below is embedded here from the CDS GiveMN page, so you will need to take an extra step:

In the “Tribute or Memorial Dedication” box (on the second step of the form), you will need to write Riverwest.

This ensures that CDS knows the donation is for our effort in the 53212 zip code, and not for another worthy project.  After you have made your donation, please complete this for form (click here) and send it to the address below – or contact us and we will get one to you.

howtocompleteonline-donation

Donate here:

After you donate . . .

Your donation may appear on your card statement as “K Give MN”.

All donors must complete this form When you donate, please print this form, and send it to the address below – or contact us and we will get one to you.

How to donate by check or money order

We would gladly accept checks, money orders, or other forms of payment for donations.  However you donate, make sure to complete this form.  Make all checks or money orders to “Cooperative Development Fund of CDS,” then contact us or send any letters to:

New Economy Credit Union Organizing Committee
P.O. Box 72093
Milwaukee, WI 53212

Some Details:

The credit union needs to raise donations to support its initial operation before it becomes profitable, and other start-up costs. Many new businesses will seek investment money from Wall Street fatcats to support their initial operation. With Wall Street investment comes Wall Street control. Our credit union will be owned by the people of the 53212 ZIP Code, not Wall Street.

After the credit union opens, it will begin making loans, and generating income from interest on the loans.  The credit union will be a self-sustaining business at that point.  We will have expenses on day one, but no income – that’s why we need to raise money.

For more information, visit our donation page.