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

NonProfit Quarterly

Unlike big commercial banks, most public banks (and all California public banks under state law) will be nonprofits and use their earnings from loan interest and fees to reinvest in local economies and large-scale community-wide projects. Instead, public banks partner with local banks to expand community-driven impacts.

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The Next Generation of Mutualism

Stanford Social Innovation Review

To ensure mutualism thrives in the next generation, communities need laws, regulations, practices, and capital markets that encourage solidarity and investment outside of any given silo. CDFIs should be expanded to include a wider range of mutualists like unions, cooperatives, mutual banks, and mutual insurance companies.

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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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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?

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National Gathering Looks to Address Root Causes of Inequality

NonProfit Quarterly

The conference brings together hundreds of community activists, government officials, and bank community development officers. Community Reinvestment Strengths and Shortfalls NCRC was formed in 1990 to defend the 1977 Community Reinvestment Act , a law created to undo the structural racism embedded in redlining.

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2024 Nonprofit Voter Guide

MNA Association

Make sure there are no roadblocks in place preventing non-profits from acquiring services or setting up systems in financial markets, including the insurance markets. The State Auditor office is responsible for insurance regulation and securities fraud prevention. Foster public/private partnerships where possible.

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¡Adelante! A Latinx Community Organizes to Generate Community Wealth

NonProfit Quarterly

Image Credit: Daniel Xavier on pexels This is the fourth article in NPQ ’s series titled Owning the Economy: Stories from Latinx Communities. How does a small Latinx community organize itself to support homegrown businesses? Developing Community Leadership Entrepreneurs play a critical role as community builders.