What Is It About Credit Unions?

What Is It About Credit Unions? Cliff Rosenthal The former Director and CEO of the National Federation of Community Development Credit Unions discusses the Credit Union Membership Access Act, and its implications for the community development credit union movement.   Credit unions are the biggest segment of the cooperative movement—110 million members, more than a trillion dollars in combined assets. Yet most surveys show that only a minority of credit union members actually know their financial institution is a cooperative, and what that means—such as one member, one vote; unpaid board of directors; nonprofit—but not charities; no federal taxes. Of the 5,600 credit unions in the United States today, a small portion have an explicit mission of empowering low-income and minority people. In New York City, we have some of the best examples—the Lower East Side People’s Federal Credit Union,  Neighborhood Trust FCU in Washington Heights, Brooklyn Cooperative FCU headquartered in Bushwick, and about a dozen more, including some longstanding credit unions in African American churches. They’re known as community development credit unions (CDCUs). Survival is always a challenge for […]

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Solidaritat: What Barcelona’s Social and Solidarity Economy Means for NYC

Solidaritat: What Barcelona’s Social and Solidarity Economy Means for NYC At the end of June, activists from Mexico, the United States, and Canada gathered at the Fearless Cities Conference—North America’s first ever municipalist summit—to discuss local strategies to build a more just, democratic, and inclusive economy from the ground up. CEANYC participated in the Solidarity Economy track, exchanging with and learning from cooperators around the world, including Laurent Levesque of Montreal’s Chantier and Alvaro Porro, Barcelona’s new Commissioner of Social Economy (yes, this is a government position that exists in Barcelona!). We are honored to have gotten to spend extended time learning more about Barcelona’s solidarity economy, and are eager to share the information and lessons learned with our fellow New Yorkers. Over the past four years, with the election of Ada Colau—the city’s first woman mayor—alongside several other activists, Barcelona has experienced a significant shift Left in their local governance. Many people who have spent their lives fighting economic inequality at the grassroots level—squatters, housing organizers, food justice activists—now hold government offices, leveraging the City’s resources to build a […]

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CEANYC at the Fearless Cities Conference

We are so excited to be presenting in two sessions at North America’s first-ever Fearless Cities Municipalist Conference. The conference, will take place July 27-July 29, seeks to progress the growing international movement to democratize and feminize political institutions at the municipal level, and will include participants coming from Canada, the United States, Mexico, and the Greater Caribbean!   This Saturday at 2PM, come hear from CEANYC Board Members Evan Casper-Futterman (SolidarityNYC, CEANYC Co-founder, Bronx Cooperative Development Initiative) and Emilie Miyauchi (former CSA Coordinator at Just Food) about “Building Power for a Stronger Solidarity Economy.” In this session, participants will gain a deeper understanding of the ways the solidarity economy—comprised of consumer, housing, and worker cooperatives, community land trusts, CSA programs, community development credit unions, and support organizations—operates in NYC. We will also explore its potential for transforming power within and across urban regions in the United States and around the world drawing on examples such as the Chantier in Montreal and Seikatsu in Japan. The session is designed to be participatory and interactive among participants who are active in […]

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CEANYC Apoya los Inmigrantes

Los neoyorquinos inmigrantes son parte de la esencia de nuestra ciudad. Nuestros puntos fuertes como neoyorquinos – nuestra diversidad de cultura, nuestra tolerancia, y nuestros negocios dinámicos – se basan en el trabajo y las tradiciones de los inmigrantes. Las cooperativas, jardines comunitarios, cooperativas de crédito, fideicomisos de tierras comunitarias, y otras innovaciones prometedoras para una sociedad justa están profundamente arraigadas en los legados y las prácticas de los inmigrantes. Honramos a todas nuestras comunidades de inmigrantes y resistimos la narrativa que enfrenta a los “buenos” inmigrantes contra los “malos”. ¡Y exigimos que nuestro gobierno haga lo mismo!  CEANYC pide a nuestro Alcalde, nuestro Concejo Municipal, nuestros miembros del Congreso y nuestro Gobernador que protejan a los inmigrantes neoyorquinos en utilizar todos los medios a su alcance para apoyar la abolición inmediata de la Inmigración y Control de Aduanas (ICE), y cualquier restricción sobre la libre circulación de personas a través de las fronteras. (Te preguntas ¿de qué se trata esto? Eche un vistazo al a plataforma de política de inmigración de Mijente.) Aplaudimos al Contralor Estatal Thomas DiNapoli en […]

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CEANYC Stands in Solidarity With Immigrants

Immigrant New Yorkers are the lifeblood of our city. Our greatest strengths as New Yorkers – our diversity of culture, our tolerance, and our thriving businesses – are all built upon the labor and traditions of immigrants. Our city’s cooperatives, gardens, credit unions, community land trusts, and other bright innovations for a just society are all deeply rooted in immigrant legacies and practices. We honor all of our immigrant communities and resist the narrative that pits ‘good’ immigrants against ‘bad’ ones. And we demand that our government do the same! The Cooperative Economics Alliance of New York City calls upon our Mayor, City Council, members of Congress, and Governor to protect immigrant New Yorkers by using all available methods to support the immediate abolition of Immigration and Customs Enforcement (ICE) and any restrictions upon the free movement of people across borders. (Wondering what this means? Check out the immigration policy platform by Mijente.) We applaud State Comptroller Thomas DiNapoli in his decision to divest state pension fund holdings in private prison and immigration detention centers, and encourage similar action from […]

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