Financial Health for Everyone: Faith-Based Cards

Random Collisions New York

Random Collisions are forums for the random collision of ideas. Jane Jacobs in The Economy of Cities offered the random collision of ideas as an explanation for the success of cities such as New York.
Wednesday, June 6, 2018 & Thursday, June 7, 2018

Faith-Based Card

It’s a sad truth of American life that the poorer you are the more you pay for banking.
All churches want to save their parishioners’ souls. The Church of God Credit Union wants to save their money, too.
“Sometimes people of the congregation needed financial help as well as spiritual help,” explains LeAne Cloud, president of the Wichita, Kan.-based institution.
The Church of God Credit Union is one of a growing number of faith-based credit unions around the country, created to help members and people in need. There are roughly 500 around the nation, set up in church basements and donated office space, and staffed mostly by volunteers. Most, but not all, are affiliated with churches in low-income neighborhoods.
Faith-based credit unions are run independently of their parent churches, however, and are federally chartered and monitored just like thousands of other, more traditional, credit unions. As a group, they have more than $2 billion in assets.
They represent a variety of faiths and denominations, including Protestant, Catholic and Muslim, officials with the National Credit Union Administration say.

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The Peebles Card: Financial Health for Everyone

The Peebles Card

It’s a sad truth of American life that the poorer you are the more you pay for banking.
Mehrsa Baradaran, associate professor of law at the University of Georgia, and author of How the Other Half Banks, writes “As the banks are set up currently, the fees they charge are meant to dissuade small accounts, or accounts by people whose incomes are minimal and very uneven.”
As Baradaran writes in her book’s introduction, the banking industry has stopped serving those who are “too poor to bank”, pushing them into the arms of non-bank service providers to provide the most basic services: to cash pay checks, pay bills or transfer money. In exchange, she calculates that they fork over up to 10% of their income for these services.
In some cases, they don’t have an option: a bank may refuse to open an account for them. And banks have long been trying to “discourage” their smaller customers: fees on accounts where balances dip below a specified level even briefly can look extremely costly to a low-income household.

Financial Health

Financial Health for Everyone
Our vision is an audacious one: to increase the number of individuals with positive financial health and well-being. To achieve financial health, people need day-to-day financial systems that build long-term resilience and opportunity. Financial health enables family stability, education, and upward mobility, not just for individuals today but across future generations. Promoting financial health is good for the American economy. Financially healthy consumers drive new opportunities for increased engagement, loyalty, and long-term revenue streams. Lasting financial health also has a positive macroeconomic impact on communities at local, regional, and national levels.

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Financial Health for Everyone at Random Collisions

Random Collisions New York

Random Collisions are forums for the random collision of ideas. Jane Jacobs in The Economy of Cities offered the random collision of ideas as an explanation for the success of cities such as New York.
Wednesday, June 6, 2018 & Thursday, June 7, 2018

Financial Health

Financial Health for Everyone
Our vision is an audacious one: to increase the number of individuals with positive financial health and well-being. To achieve financial health, people need day-to-day financial systems that build long-term resilience and opportunity. Financial health enables family stability, education, and upward mobility, not just for individuals today but across future generations. Promoting financial health is good for business. Financially healthy consumers drive new opportunities for increased engagement, loyalty, and long-term revenue streams. Lasting financial health also has a positive macroeconomic impact on communities at local, regional, and national levels.
Numerous obstacles stand in between people and financial health, including education, access, and differing perceptions of financial success. Most recently, market research on Consumer Financial Health shows 57% of American adults struggle financially. Many are dealing with an unhealthy amount of debt, irregular income, and sporadic savings habits. We invest in innovative technologies, policies, and ideas that help Americans overcome those obstacles so that they can thrive. But no single financial product can enable individuals to reach this goal alone; it requires collective creativity, collaboration, and investment from across the public and private sectors. We invite you to join the conversation and contribute your support and ideas for a healthier future.

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Faith-Based Credit Unions at Random Collisions

Random Collisions New York

Random Collisions are forums for the random collision of ideas. Jane Jacobs in The Economy of Cities offered the random collision of ideas as an explanation for the success of cities such as New York.
Wednesday, June 6, 2018 & Thursday, June 7, 2018
It’s a sad truth of American life that the poorer you are the more you pay for banking.
All churches want to save their parishioners’ souls. The Church of God Credit Union wants to save their money, too.
“Sometimes people of the congregation needed financial help as well as spiritual help,” explains LeAne Cloud, president of the Wichita, Kan.-based institution.
The Church of God Credit Union is one of a growing number of faith-based credit unions around the country, created to help members and people in need. There are roughly 500 around the nation, set up in church basements and donated office space, and staffed mostly by volunteers. Most, but not all, are affiliated with churches in low-income neighborhoods.

Faith-based credit unions

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Real Estate Crowdfunding at Random Collisions

Random Collisions New York

Random Collisions are forums for the random collision of ideas. Jane Jacobs in The Economy of Cities offered the random collision of ideas as an explanation for the success of cities such as New York.
Wednesday, June 6, 2018 & Thursday, June 7, 2018
Random Collisions Silicon Valley – September 2018
Random Collisions Los Angeles – January 2019
Random Collisions Lagos – Spring 2019
Random Collisions Bangalore – Fall 2019

Most people don’t know how commercial real estate is owned and funded. Who profits from the places that you live and shop?
Who is building New Rochelle?
The short answer is not you and probably not anyone that you know. That’s a strange notion. One hundred years ago, everything that you invested in was local and now nearly nothing is. And local people, local families used to owned the local real estate. People who were invested in the community used to be part of the decision making of what got built.

Institutional Real Estate Investment
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Random Collisions: Stop Mass Incarceration & Endless War

Random Collisions New York

Random Collisions are forums for the random collision of ideas. Jane Jacobs in The Economy of Cities offered the random collision of ideas as an explanation for the success of cities such as New York.
Wednesday, June 6, 2018 & Thursday, June 7, 2018
Random Collisions Silicon Valley – September 2018
Random Collisions Los Angeles – January 2019
Random Collisions Lagos – Spring 2019
Random Collisions Bangalore – Fall 2019
“Millennials are on track to be the least entrepreneurial generation in recent history.”
American innovation may be suffering from the fact that Americans today have less exposure to ideas outside the realm of their own experience.

Stop Mass Incarceration & Endless War

Jeff Sessions ordered federal prosecutors to “charge and pursue the most serious, readily provable offense” — a move that marks a significant reversal of Obama-era policies on low-level drug crimes.
The two-page memo, which was publicly released Friday, May 12th, lays out a policy of strict enforcement that rolls back the comparatively lenient stance established by Eric Holder, one of Sessions’ predecessors under President Barack Obama.
“This is a disastrous move that will increase the prison population, exacerbate racial disparities in the criminal justice system, and do nothing to reduce drug use or increase public safety,” Michael Collins, deputy director at the Drug Policy Alliance, said in a statement emailed to NPR. “Sessions is taking the country back to the 1980s by escalating the failed policies of the drug war.”

Attorney General Jeff Sessions addresses the Sergeants Benevolent Association of New York City at an event Friday, May 12, in Washington, D.C. During his speech, Sessions said federal prosecutors “deserve to be unhandcuffed and not micromanaged from Washington.” Win McNamee/Getty Images

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Random Collisions: Reversing Diabetes, Unemployment & Climate Change

Random Collisions New York

Random Collisions are forums for the random collision of ideas. Jane Jacobs in The Economy of Cities offered the random collision of ideas as an explanation for the success of cities such as New York.
Wednesday, June 6, 2018 & Thursday, June 7, 2018
Random Collisions Silicon Valley – September 2018
Random Collisions Los Angeles – January 2019
Random Collisions Lagos – Spring 2019
Random Collisions Bangalore – Fall 2019
“Millennials are on track to be the least entrepreneurial generation in recent history.”
American innovation may be suffering from the fact that Americans today have less exposure to ideas outside the realm of their own experience.
In March 2016, Terrance Jackson did a presentation:
Genius Farm
Teaching young people to grow food for their communities and solve the critical problems of our times.

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