Community Banks and Credit Unions – Amplifying Their Voice
June 18, 2009 by Will Marre
I’m doing a webinar this morning for hundreds of community banks and credit unions. This is making me smile. They are one of Americas best-kept secrets. They loan the deposits of people in a community, back to the members of the community to help build businesses, and self-reliance. They help finance small businesses, houses and responsible consumption. They have a completely different business model than the big name brand banks. Most of which get sucked in banking as a casino game, gambling with out money. I wish community banks and credit unions were much more aggressive in telling their story. A credit union is a bank that depositors actually own. What a novel idea. It’s been around for 150 years. I’m going to see if I can get them to amplify their voice.

Credit unions play a big role In the microfinance world. And some of the most talented individuals working in the MF sector today came out of commercial credit unions. Thanks for highlighting this industry.