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Somebody Actually Started A New Credit Union. Here’s How They Did It.

nextcity.org · 3,559 words · saved by 1 readers

A rare new credit union embodies the original, long-forgotten vision for community development finance. OSCAR PERRY ABELLO AUGUST 30, 2022 The Community First Fund has opened its own credit union – one of just four new credit unions chartered last year. (Photo by Oscar Perry Abello) This is your first of three free stories this month. Become a free or sustaining member to read unlimited articles, webinars and ebooks. Leo Rodriguez knew all he needed was $10,000 in startup capital to open his own hair salon, something he’d dreamt about doing since he was four years old and saw a poster of legendary hair stylist Vidal Sassoon. Twenty-nine years and countless clients later, he is more excited than ever to invest back into the only institution that believed enough in him to make that loan. The year was 1993. Rodriguez had already spent the previous several years studying cosmetology and hair styling in New York City and London. He returned to his home city of Lancaster, Pennsylvania, whe

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