Inclusiv/Black Communities

Inclusiv/Black Communities, formerly known as Inclusiv’s African American Credit Union Initiative, is a program for small and faith-based credit unions serving predominantly African American communities. As part of this initiative, Inclusiv has been working closely with Minority Depository Institutions (MDIs) in New York City, Chicago, and the South to showcase their many years of combined experience and continued relevance to the communities they serve.

Over the past 25 years, the wealth gap between black and white Americans has nearly tripled. Today, the typical African American household has accumulated less than one-tenth the wealth of a typical white household. Pew Research Center reports that in 2013 median white household wealth in the U.S. totaled $140,000 vs. $14,000 for Hispanics and $11,000 for African Americans. Economic advantages – including higher income, less debt, more home equity, retirement savings – accrue over time, creating wealth that gets passed on to the next generation.

Black credit unions provide financial services to some of the most underserved communities in the United States. Credit unions are the better choice for all consumers, but they are the best choice for low- and moderate-income earners. African American credit unions help their members build assets and credit, manage debt, and lay the foundations for building generational wealth.

In response to the coronavirus pandemic, in June of 2020, Inclusiv launched the Resilience Fund to support credit unions serving communities of color disproportionately affected by the coronavirus pandemic. Through the Resilience Fund, Inclusiv will distribute $1 million in grant support to Minority Depository Institutions (MDIs) under $100 million in assets. The Fund will support financial inclusion efforts in communities of color, and particularly COVID relief for consumers and small businesses including low-cost small dollar loans, loan payment forbearance for individuals and businesses, fee waivers for access to cash and savings through ATMs and CDs, new account opening for unbanked individuals, and support for PPP lending and borrowers. Eligible uses include operations, technology, and outreach costs associated with expanding these economic resilience efforts in communities of color across the US.

Resilience Fund Grantees include these credit unions and cooperatives.

To learn more about Inclusiv/Black Communities or the Resilience Fund, please contact Monica Copeland at

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