Association for Black Economic Power

A nonprofit organization

1 donor

1% complete

$10,000 Goal

The core work of the Association for Black Economic Power centers around developing a Black-Led community credit union to provide financial products and services to the un-served and under-served of our community. This emerging Black-led Credit Union based on the Northside of Minneapolis will spark a financial renaissance within the local community and beyond. Our supporters believe in reversing the racial disparities of our state and come from all backgrounds and walks of life including anyone who lives, works, worships or goes to school in Hennepin or Ramsey County.

Minnesota has the second worst rating of racial economic equity and disparity in the country where Black people are systemically left behind in every socio economic intersection. One important correlation to these statistics is a lack of Black institutional agency. Establishing the only Black-led, community credit union in our state is directly addressing the core of systemic poverty and is a vehicle for financial equity, inclusive growth and encouraging healthy communities. 

Building and accumulating community and democratically controlled wealth is a fundamental component of addressing local as well as national inequities.

Organization Data

Summary

Organization name

Association for Black Economic Power

other names

ABEP

Tax id (EIN)

81-5486146

Categories

Community Economic Development

Address

227 COLFAX AVE N SUITE #30
MINNEAPOLIS, MN 55405

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