I recently added a new favorite to my list: the Brooklyn Cooperative Federal Credit Union!
- Met a bunch of cool fellow freelancers—among them a party planner, a bike messenger, and a soap maker (so fun)
- Spoke at length with two of the credit union’s knowledgeable and righteous employees—one of whom also teaches self-defense and leads tours in Cuba!
- Was offered some great-looking free pizza, which I only turned down because I had just eaten (but I’ll come prepared next time; oh yes I will)
Just as importantly, I was also turned on to some crucial information about credit unions that I had sort of failed to internalize before, such as the fact that they’re nonprofit organizations. Credit unions are owned by members (not shareholders), so they don’t have a business’s usual mandate to make money—just a mission to offer fair and affordable financial services to their community. They also don’t invest members’ money in the stock market, earning their income instead by making fair rate loans and charging small fees for some types of accounts.
Sounds fresh, right?
A Brooklyn Cooperative employee (the self-defense person, actually) offered this nice call to action: “If you’re interested in divesting from banks that fund pipelines and contribute to the housing crisis, switching your checking and savings accounts to a credit union is a great choice.”
I’m on it, Brooklyn Cooperative! Thanks for the timely inspiration.
*While Brooklyn usually feels like the center of -slash only place in the universe to me, I understand there are credit unions all over the country. Woo hoo! Can’t say they all offer free pizza at their free workshops, though. If you find out, let me know.