Image Credit: Cambridge Local First

MOVE YOUR MONEY: INVEST LOCAL

NEW HIGHLIGHTS & INSPIRATION

Invest in Your Loved Ones

From Michael Shuman: Last week, I talked about how investing in yourself by paying off your credit cards was the single best local investment opportunity. It’s risk-free, generates a 15-20% annual return, and ultimately saves you from Debtors’ Hell. This week, I want to suggest that you do the same for the people you care about. Invest in your kids and friends by cutting up their credit cards as well. What’s good for the goose is good for the gander and all the other people who flock around you. 

Angels of Main Street

From The Kassan Group: Angels of Main Street is a nationwide investment community for ANYONE who wants to learn about investing directly in businesses that are doing work you care about. Our community is open to EVERYONE—you can be an Angel investor too! There is NO MINIMUM net worth or income requirement—you DO NOT need to be an accredited investor.

How to Design an Equitable Retirement Plan

From Just Futures: Join Just Futures for a webinar that shares practical guidance for how to ensure your organization’s plan supports an equitable distribution of retirement benefits and unpacks what is possible for organizations who want to collectively harness our retirement investments for social justice.

PAST HIGHLIGHTS & INSPIRATION

Top 5 Reasons to Choose a Community Bank or Credit Union

Money and Meaning

From Walden Mutual: All of us have our own personal stories with money. Those stories are as much emotional as they are rational; they are as much about our experiences and memories as they are about interest rates and budgets. Part of “enabling anyone to make positive and lasting change” is supporting each other in understanding our own money stories so that 1) we can see money as it is and 2) use it as a tool to create a better world.

A Banker’s Case for Public Banking

From NPQ: For over 20 years, I have explored how to change financial systems in the United States to promote greater equity and inclusion. This has led me to the conclusion that if we want to close the racial wealth gap, we need to get serious about public banking. (Image Credit: Public Banking Institute)

Keep the Change In Your Community

From People First Economy: When you choose to bank locally, your dollars are kept close to your home. Unlike big banks, local financial institutions go beyond banking to build relationships in the community they are held in, and they use these relationships to put your dollars to work- underwriting business loans, granting mortgages to residents in your neighborhood, and supporting your overall financial wellness. Make a positive impact with your accounts: MOVE YOUR MONEY!

Who's Local? Find Community Banks and Credit Unions in Your Region

You may know some of your area's Community Banks and Credit Unions. But do you know them all? You can check out our list of directories to help get you started (or update your list).

Banking for the People

From Next City: Next City has partnered with Common Future to showcase our coverage of the banking system, which shines a light on innovative solutions that have been built despite the challenges of existing in our current extractive systems.

Bank of Dave

From The Main Street Journal: One night this week, treat yourself and whoever else you can crowd into your living room to watch Bank of Dave, a new film about David Fishwick’s inspiring efforts to establish a local bank in 2011 in Burnley, a small town in northern England. Dave does the seemingly impossible—he defeats the big, monopolistic banking establishment in London to get the first new banking charter in 150 years. The film takes liberties with the real story—there’s a fictional concert by Def Leppard to raise capital for the bank, for example—but the broad outlines are true enough. Ultimately, the film makes the most powerful and moving case for local reinvestment since It’s a Wonderful Life.

SuperCrowd24: Impact Crowdfunding Conference

April 17 - 18: Virtual Event

From Supercrowd: This two-day virtual event is our biggest event of the year. Learn to invest like a pro. One hundred speakers plus a live pitch event! Don’t miss it. Save 50% with the discount code “SuperCrowd.”

Invest in Alaska

From BuyAlaska: From Community Supported Agriculture to Equity Crowdfunding. Not only does investing locally provide entrepreneurs and local businesses in Alaska with the money needed to grow their business but your money is recirculated within the local community and actually GROWS. This infusion of your dollars invigorates local economies by boosting job growth and wages, fostering innovation, building new business opportunities, and developing resiliency in Alaska.

From Local Banking to Local Investing, Every Dollar that Stays Close to Home Matters

Imagine your money isn’t just a number on a screen but a force that strengthens your local community and economy. By directing our funds to banks and businesses based where we live, we can join a growing movement that prioritizes both people and profit. And local economy organizations across the country are blazing the way.