(612) 588-7821 227 Colfax Avenue N #230 M-F: 8am - 4pm (Drop-Ins) 9am – 12pm

At Village Financial, we offer free check cashing for the 21st century.

We’re breaking the payday loan cycle to put an end to predatory lending.

We offer start-up capital for emerging Black Cooperatives.

At Village Financial, we offer free check cashing for the 21st century.

We’re breaking the payday loan cycle to put an end to predatory lending.

We offer start-up capital for emerging Black Cooperatives.

Milestones

The Creation of Blexit and Birth of an Idea

When Philando Castille was murdered, Me’Lea Connelly asked herself what other forms of resistance might our communities invest in that doesn’t involve putting our physical bodies and mental health on the line. She called for a meeting of community members to brainstorm, what that looked like. In those meetings, the activist group Blexit founded by Me’Lea aimed to cultivate the practice of civil economic resistance. Over the course of several community meetings, Blexit members prioritized a campaign focusing on Black banking which led to conducting invest/divest banking actions.

7/7/2016

The Creation of Blexit and Birth of an Idea

When Philando Castille was murdered, Me’Lea Connelly asked herself what other forms of resistance might our communities invest in that doesn’t involve putting our physical bodies and mental health on the line. She called for a meeting of community members to brainstorm, what that looked like. In those meetings, the activist group Blexit founded by Me’Lea aimed to cultivate the practice of civil economic resistance. Over the course of several community meetings, Blexit members prioritized a campaign focusing on Black banking which led to conducting invest/divest banking actions.

7/7/2016

Economic Resistance Through #InvestDivest Banking Strategies

After a series of community events hosted by Blexit, over 200 community members came together to vote on invest/divest strategies that they wanted to engage in. Of the many initiatives that were suggested, the one that had the most votes was the creation of a Black-led Financial Institution.

9/31/2016

Economic Resistance Through #InvestDivest Banking Strategies

After a series of community events hosted by Blexit, over 200 community members came together to vote on invest/divest strategies that they wanted to engage in. Of the many initiatives that were suggested, the one that had the most votes was the creation of a Black-led Financial Institution.

9/31/2016

ABEP Established and Secured Funds From Jay & Rose Phillips Family Foundation

The Association of Black Economic Power was created to hold the work of establishing a Black-led financial institution; a vision birthed from community members who believe institutional economic power is the key to addressing the inequities we face in Minnesota. ABEP believes the power of cooperative economics will ignite an economic renaissance in Black communities.

2/8/2017

ABEP Established and Secured Funds From Jay & Rose Phillips Family Foundation

The Association of Black Economic Power was created to hold the work of establishing a Black-led financial institution; a vision birthed from community members who believe institutional economic power is the key to addressing the inequities we face in Minnesota. ABEP believes the power of cooperative economics will ignite an economic renaissance in Black communities.

2/8/2017

Member Pledge Kick-off and Naming Event

Unlike banks, Credit Unions are established by and for their members. The ABEP team set a goal to reach 5,000 pledged members before opening. At this same event, it was announced the that name of the Credit Union would be Village Trust Financial Cooperative.

6/17/2017

Member Pledge Kick-off and Naming Event

Unlike banks, Credit Unions are established by and for their members. The ABEP team set a goal to reach 5,000 pledged members before opening. At this same event, it was announced the that name of the Credit Union would be Village Trust Financial Cooperative.

6/17/2017

#InvestDivest In Action

The creation of the Village Trust Financial Loan Fund allows us to offer consumer loans (ie. alternative to payday loans and check cashing services) to residents of North Minneapolis. We see this as a two-fold approach; disrupt the predatory lending that exists currently, and build a cooperative membership base by meeting the immediate financial needs of community members. We see this as a important part of building economic democracy and a cooperative economy for low-income and communities of color in Minneapolis.

6/9/2018

#InvestDivest In Action

The creation of the Village Trust Financial Loan Fund allows us to offer consumer loans (ie. alternative to payday loans and check cashing services) to residents of North Minneapolis. We see this as a two-fold approach; disrupt the predatory lending that exists currently, and build a cooperative membership base by meeting the immediate financial needs of community members. We see this as a important part of building economic democracy and a cooperative economy for low-income and communities of color in Minneapolis.

6/9/2018

1,600+ pledged members, join the movement!