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How Guarantees Can Advance Community Development and Racial Equity

NonProfit Quarterly

At the same time, many community development nonprofits face challenges in securing the capital needed to carry out their core missions and, importantly, to test new ideas and strategies. At the most basic level, a guarantee is akin to automobile insurance. At the most basic level, a guarantee is akin to automobile insurance.

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The Next Generation of Mutualism

Stanford Social Innovation Review

In what is now the United States, Benjamin Franklin created the first mutual bank and mutual insurance company in 1752, after a devastating fire destroyed much of Philadelphia. CDFIs should be expanded to include a wider range of mutualists like unions, cooperatives, mutual banks, and mutual insurance companies.

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How to Interrupt the Public Funds to Private Profits Pipeline: A California Story

NonProfit Quarterly

Instead, public banks partner with local banks to expand community-driven impacts. How to Create a Public Bank In 2019, California passed AB 857 , allowing public banking under Federal Deposit Insurance Corporation (FDIC) oversight and regulation by the state Department of Financial Protection and Innovation (DFPI).

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Banking and Community: A Conversation with Oscar Perry Abello

NonProfit Quarterly

Oscar Perry Abello: In my work as an economic justice correspondent at Next City, I had written all these stories about credit unions, community banking, and CDFIs [ Community Development Financial Institutions ]. The local bank has insured FDIC deposits. It has] FDIC insurance just like a regular bank.

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Credit Unions, Race, and Equity: A Conversation with Michael McCray and Cliff Rosenthal

NonProfit Quarterly

In 1979, I discovered financial cooperatives—namely, credit unions—and I joined the National Federation of Community Development Credit Unions in 1980. Michael McCray: I was born into community development finance. Cliff Rosenthal: I abandoned a career as a Russian historian to be a co-op organizer starting in the 1970s.

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Building Community through Holistic Strategy: A Story from a Seattle Immigrant Suburb

NonProfit Quarterly

Image credit: TuiPhotoengineer on istock.com This is the fifth and final article in NPQ ’s series titled Building Power, Fighting Displacement: Stories from Asian Pacific America , coproduced with the National Coalition for Asian Pacific American Community Development ( National CAPACD ).

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Preserving Cambodia Town: How A Refugee Community Has Organized Itself

NonProfit Quarterly

Image credit: Ian Nicole Reambonanza on Unsplash This is the fourth article in NPQ ’s series titled Building Power, Fighting Displacement: Stories from Asian Pacific America, coproduced with the National Coalition for Asian Pacific American Community Development ( National CAPACD ). How does a refugee community organize itself?