Each person, no matter how poor, spends money each year. And yet impoverished communities are not lifted by this wealth. What allows communities to develop wealth is the extent to which dollars are recycled in the community. Jobs are only a part of this, and not all jobs are equal in their impact on a community. Banks often play an enabling role for the wealthy in this scheme.
Banks actively shift wealth out of poor communities and into wealthier ones.
Our role as a community development Credit Union is to insure that local funds are re-invested in the local community. In a sense we are insuring that capital is not drained from the community. By giving the resource of capital back to a community, that community is enabled.