Matt Cropp π²π²Solid infographic from my #CreditUnion giving the basics on the flow of a credit union and how it is differentiated from a for-profit bank.
fun while lost@mattcropp Always good to meet another #coop nerd! I see the #CoopFinance tag in your profile and I'm curious if you've stumbled across any way to participate in P2P lending to help develop cooperatives. Something like LendingClub but for patient, modest-rate lending to new coops.
If you're in the US, the #NH Community Loan Fund is aiming to raise $12MM in new social investment capital by June 30 to help finance their largest mobile home park #coop conversion to date (more than 1k units of affordable housing). Our #CoopInvestmentClub is currently voting on investing a few $k, and details on investment terms are here for those interested: https://www.communityloanfund.org/how-you-can-help/invest
#CoopCapital #CoopFinance #CoopHousing #coops #ROCusa #NewHampshire
The #CFNE interim co-directors are on the job now that their long-time ED's retirement has officially happened...
Not sure why I felt compelled tonight to graph the differential growth rate of US #CreditUnion assets vs. those of commercial banks, but here we are...
Good quick summary of some of the nuances and challenges of #WorkerCoop conversions financing from Micha Josephy at the #Cooperative Fund of #NewEngland: https://medium.com/fifty-by-fifty/are-cooperatives-really-so-difficult-to-finance-3adec81c70a8
Potential opportunity to convert an 11 unit apartment building into a #HousingCoop in #BTV...
Now, where to find $2 million... π€ #CoopFinance
For those who'll be getting in early for the #WCNC18 in #LA, I'm pulling together an informal #CoopFinance nerd dinner gathering Thursday night neat the conference hotel at 7pm.
@ me for details... :)
The short summary of my possible plan to use a newly formed "#Burlington Real Estate Co-op" to acquire the space for our brewing #coop as its first project:
https://docs.google.com/document/d/1_N4PTWNGJiAsLxjYGq_b2rYJo2apYSp_dfJpetmKyX8/edit?usp=sharing
Burlington Real Estate Co-op Draft Proposal
DRAFT A Burlington Real Estate Investment Cooperative Matt Cropp, 8/31/2018 The Challenge In Minneapolis and, more recently, NYC, βReal Estate Investment Cooperativesβ have formed for the purpose of raising funds from community members to purchase commercial real estate and democratically decide ...
Any other #SocialCoop folks going to be in #LosAngeles for the #WorkerCoop National Conference in September?
https://conference.coop/2018-conference/conference-sessions/
I'm going to get in a day early (Thursday) and am going to try to pull together an informal #CoopFinance nerd dinner gathering that evening.
Also, we should have a social.coop #tootup if there's critical mass...