charitable dollars for community development credit unions

[Tara Seeley]

Our community foundation has been approached by a group interested in starting a credit union to serve a low-income neighborhood.
*
They were not aware of the many technical assistance resources available to community development credit unions, so I have pointed them to National Federation of Community Development Credit Unions and to the CDFI Coalition.
*
Because we do not have extensive experience working with CDFIs, and because I would like to provide them counsel as they move forward, I would appreciate hearing back from anyone with experience successfully raising needed operating funds for a community development credit union.
*
Many thanks.
*
Tara Seeley
Grants*Officer
Central Indiana Community Foundation
615 N. Alabama St., Suite 119
Indianapolis, IN 46204-1498
Phone: 634.2423 ext. 161
Fax: 317.637.6405
See our great website at www.cicf.org (http://www.cicf.org)
*

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[Maeve Elise]

I was lead organizer in forming People's Community Partnership Federal Credit Union, in Oakland, California.* I'd be happy to share some info with you about the initial (and continuing) fundraising work for the organization.*

Maeve Elise Brown

Tara Seeley <taras@cicf.org> wrote: st1:*{behavior:url(#default#ieooui) } <![endif]--> Our community foundation has been approached by a group interested in starting a credit union to serve a low-income neighborhood.
*
They were not aware of the many technical assistance resources available to community development credit unions, so I have pointed them to National Federation of Community Development Credit Unions and to the CDFI Coalition.
*
Because we do not have extensive experience working with CDFIs, and because I would like to provide them counsel as they move forward, I would appreciate hearing back from anyone with experience successfully raising needed operating funds for a community development credit union.
*
Many thanks.
*
Tara Seeley
Grants*Officer
Central Indiana Community Foundation
615 N. Alabama St., Suite 119
Indianapolis, IN 46204-1498
Phone: 634.2423 ext. 161
Fax: 317.637.6405
See our great website at www.cicf.org (http://www.cicf.org)
*



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[Pam.Foster at 53.com]

That is great news - I am on the board of a non-profit that is exploring the idea of a CDCU and the question of start up funding has been a question as well as operating capital while the CDCU is in the beginning years.
*
Pam

From: bounce-1181078-5049538@list.cornell.edu [mailto:bounce-1181078-5049538@list.cornell.edu] On Behalf Of Maeve Elise Brown
Sent: Friday, March 02, 2007 4:38 PM
To: Tara Seeley; communitydevelopmentbanking-l@cornell.edu
Subject: Re: charitable dollars for community development credit unions



I was lead organizer in forming People's Community Partnership Federal Credit Union, in Oakland, California.* I'd be happy to share some info with you about the initial (and continuing) fundraising work for the organization.*

Maeve Elise Brown

Tara Seeley <taras@cicf.org> wrote: st1:* { BEHAVIOR: url(#default#ieooui) } <![endif]--> @font-face { font-family: Frutiger LT Std 45 Light; } @page Section1 {size: 8.5in 11.0in; margin: 1.0in 1.25in 1.0in 1.25in; } P.MsoNormal { FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman" } LI.MsoNormal { FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman" } DIV.MsoNormal { FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman" } A:link { COLOR: blue; TEXT-DECORATION: underline } SPAN.MsoHyperlink { COLOR: blue; TEXT-DECORATION: underline } A:visited { COLOR: purple; TEXT-DECORATION: underline } SPAN.MsoHyperlinkFollowed { COLOR: purple; TEXT-DECORATION: underline } SPAN.EmailStyle17 { FONT-WEIGHT: normal; COLOR: windowtext; FONT-STYLE: normal; FONT-FAMILY: "Frutiger LT Std 45 Light"; TEXT-DECORATION: none; mso-style-type: personal-compose } DIV.Section1 { page: Section1 } Our community foundation has been approached by a group interested in starting a credit union to serve a low-income neighborhood.

They were not aware of the many technical assistance resources available to community development credit unions, so I have pointed them to National Federation of Community Development Credit Unions and to the CDFI Coalition.

Because we do not have extensive experience working with CDFIs, and because I would like to provide them counsel as they move forward, I would appreciate hearing back from anyone with experience successfully raising needed operating funds for a community development credit union.

Many thanks.

Tara Seeley
Grants*Officer
Central Indiana Community Foundation
615 N. Alabama St., Suite 119
Indianapolis, IN 46204-1498
Phone: 634.2423 ext. 161
Fax: 317.637.6405
See our great website at www.cicf.org (http://www.cicf.org)




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