By Ann Brown
Minnesota has not one Black-led financial institutions, but a new Black-owned credit union in the works called Village Trust would join the more than 345 credit unions operating in the state. This will be much-needed and unique as there are fewer than 20 credit unions serving Black communities nationwide, according to Bank Black USA, which has been pushing the #BankBlack movement.
Another reason Village Trust will be unique is that it was born out of the police killing Philando Castile in a Twin Cities suburb in 2016. Castile, a 32-year-old black man, was shot and killed by a police officer. Castile was in a car with his girlfriend and her four-year-old daughter. Following the incident, community leaders and more than 200 locals gathered on the historically black north side of Minneapolis. The meeting was organized by Blexit, a grassroots organization addressing inequity in Minnesota and the wider U.S.
The residents discussed ways they wanted to improve and protect their community.
“The number one idea that had twice the amount of votes than any other idea on the board that night was Click here to read entire article