Inclusiv’s Model to Preserve and Grow Black Credit Unions


Inclusiv's Model to Preserve and Grow
Black Credit Unions

Join us Thursday, April 15, at 2:00 PM ET!

 

Inclusiv invites you to join us for our third Inclusiv/Black Communities webinar of the year: Inclusiv’s Model to Preserve and Grow Black Credit Unions. This webinar is open to all credit unions, leagues, technical assistance providers, and others who are interested in learning how to expand support to Black-led and Black serving credit unions.

In this webinar, we will take a deep dive into our most recent publication, Preserving and Growing Black Credit Unions: Inclusiv’s Guide for Building Capacity and Providing Technical Assistance. This guide draws from our experience providing targeted resources and support to Black-led and Black-serving credit unions in the New York metro region and Chicago. The guide also details the model Inclusiv/Black Communities developed together with over 20 participating credit unions to expand the reach and impact of Black credit unions.

Nationally, Black credit unions serve nearly 2 million people and manage over $17 billion in locally owned and community-controlled assets. They play a critical role in advancing racial equity in the U.S. by expanding financial inclusion and wealth building in their communities. Black credit unions have repeatedly demonstrated how to successfully reach and serve formerly excluded consumers and businesses by delivering loans to those who would otherwise have to rely on high-cost predatory services. Unfortunately, these institutions have faced decades of underinvestment and regulatory pressure to merge or liquidate. Inclusiv has made it one of our top priorities to support these critical legacy institutions to build effective business models and access external resources to grow and thrive along with their members.


To register, go to the link below:

https://us02web.zoom.us/webinar/register/WN_XTjru_iGTXGPBW6Fr0spGg

 


 

In addition to highlighting the Preserving and Growing Black Credit Unions guide, we will also have a conversation with representatives from some of the credit unions that received technical assistance from Inclusiv, including Concord Federal Credit Union in Brooklyn, NY, and the Faith Based Credit Union Alliance in Chicago, IL. These representatives will discuss how they worked with Inclusiv to prioritize their goals and implement new systems to make their credit unions stronger than ever.

Preserving and Growing Black Credit Unions: Inclusiv’s Guide for Building Capacity and Providing Technical Assistance was made possible by the generous support of Citi.


Featured Speakers

Deborah Boatright, Principal, DRB Consultancy

An acknowledged expert in affordable housing and community development, Deborah Boatright specializes in developing partnerships that unite the public and private sector in efforts to improve housing and financial options for low-and-moderate income families and address community needs.

As principal of DRB Consultancy, Boatright has worked across the country to strengthen community organizations, particularly those led by people of color. A major project over the last four years has been increasing the capacity of African-American faith-based community development credit unions in New York, Chicago and Washington DC to build assets and wealth in lower income communities under the auspices of Inclusiv. In 2020, she helped design and lead a webinar series on new approaches to community development for organizations in the Toledo, Ohio area.

Boatright earned her Master’s Degree in Policy Analysis and Urban Affairs from The New School; and was a Fannie Mae Fellow at Harvard University’s Kennedy School of Government Program for Senior Executives in State and Local Government. Boatright currently serves on the board of directors of the WellLife Network, a large multi-service behavioral health and housing provider serving people living with mental illness and those in recovery.


Dr. Joronda Crawford, President, Faith Based Credit Union Alliance

Dr. Joronda Crawford is a board member and the secretary of the supervisory committee for Israel Methcomm FCU. She is also the president of the Faith Based Credit Union Alliance in Chicago.
She has been extremely busy since her retirement of 33 years as an educator which included being a teacher and principal. In the community and beyond, she and her husband, Dr. Hiram Crawford have volunteered and taught a class on money management at a local High School. They teach a weekly computer course at Pacific Garden Mission, a homeless mission that was founded in 1877 and never closed.

In September of 2010 Drs. Hiram and Joronda Crawford, with others co-founded The Faith Based Credit Union Alliance, an organization that brings together 18 credit unions for support, networking, and training. Since its inception, they have assured that all of their credit unions have the NCUA low-income designation; gotten three credit unions through the traditional CDFI certification process, with an additional two going through the streamlined process, and another two joining their ranks. They started an internship with a local college, brought in trainers to enhance credit unions (CUs), initiated a collaborative core processor with 10 of the CUs as well as a collaborative digital marketing campaign with 11 of the CUs. They have written templates for grants so that all CUs could be funded. Their most recent initiative was to help six credit unions through the NCUA streamlined CDFI certification process. There are currently six CDFIs in the FBCUA with a potential to grow to 12.


Robert McGhee, Vice President, Community Relations Manager at Citi

Robert McGhee is currently Vice President, Community Relations Manager with Citi Community Investment and Development (Citigroup). In this role, he is charged with enhancing and working to fulfill Citi’s mission of commitment to achieve economic empowerment and growth for underserved individuals, families, and communities by expanding access to financial products and services. During his tenure at Citi, Rob has played an integral role in the execution and enhancement of some of the firm’s key local community and economic development initiatives and national partnerships--some of which include: Cities for Citizenship; Pathway to Enterprise for Returning Citizens (PERC); Renew Woodlawn; and Safe Banking for Seniors. At Citi; Rob is a member of the Midwest Market Sales Team; he serves as the firm’s financial literacy liaison with the American Bankers Association Foundation; he’s a member of the Asian Heritage Network; and he is a founding member of the Chicago Chapter of Citi’s Black Heritage Network’s employee resource group.

Rob received a B.A. degree from the University of Illinois at Urbana-Champaign; and is currently an active member of Kappa Alpha Psi Fraternity, incorporated; he is a member of Echoing Green’s Black Male Achievement Leadership Council; and he is an active board member with the African-American Legacy advisory board (an initiative of the Chicago Community Trust); board member of the Chicago Community Land Trust; and board member of Neighborhood Housing Services of Chicago, where he serves as Chairman of the Board of Directors.


Denise Michaux, President & CEO, Concord FCU

Denise Michaux was appointed to the Concord Federal Credit Union Board in October 2018 and became its President and Chief Executive Officer in January 2021. She has over 30 years of financial institution experience in the fields of compliance, internal audit and community development. Working for large international banks such as Citigroup, BNY Mellon and Chase, and a $1.5 billion private bank, she developed expertise in creating and delivering training sessions, coaching compliance analysts, developing procedures, implementing policies and providing advice on regulations covering anti-money laundering, sanctions, electronic funds transfers, stock transfer, escrow agency and branch operations, to name just a few. Denise was born and raised in New York City. She is a graduate of New York University and New York Law School and is a member of the New York State bar. She is married and has one daughter. Denise and her family has lived in Bedford-Stuyvesant, Brooklyn, NY since 1989.


Helen Steblecki, Senior Vice President, Citi Community Investing and Development Community Relations - Northeast Region

Helen Steblecki has been with Citi Community Relations (CCR) since 2006 where she helps to ensure that Citi fulfills its commitment to the economic empowerment and financial inclusion of low- and moderate-income individuals and families in the communities where the bank has operations. Areas of focus for CCR include ensuring access to financial education and asset building programs, strengthening urban transformation efforts, and fostering the spirit and success of small business entrepreneurs.

Presently, Helen serves on the Board of Directors of the Housing and Community Development Network of NJ, on the City of New York’s NYC Service Leadership Council Planning Committee, and Inclusiv's Harlem Advisory Council.

Prior to joining Citi, Helen held management positions in communications and government affairs at Viacom and the McGraw-Hill Companies. She began her professional career in public relations in positions with the New York City Opera and the New Jersey Symphony Orchestra. Helen holds a Bachelor's Degree from New Jersey City University and a Master's Degree from the New York Institute of Technology.


Questions about Inclusiv/Black Communities? Please contact Monica Copeland, Senior Program Officer, at mcopeland@inclusiv.org.

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