Common-Unity Banking: A Kingdom Model for Empowering the Black Community
Join us as we explore a groundbreaking model for financial empowerment within the Black community, leveraging the power of faith, collaboration, and community.

by Dr. Ursula D. Frederick-Brown

Last edited 28 days ago

The Vision: A Network of Empowerment
Coalition of Churches
Three or more Black churches form a powerful alliance, sharing a common vision for community upliftment.
Community Development Financial Institution (CDFI)
A specialized financial institution dedicated to serving underserved communities with affordable loans and financial services.
Credit Union
A member-owned financial cooperative that offers competitive rates and personalized services.
Building a Solid Foundation: SWOT Analysis
SWOT Goal:
Analyze the Weaknesses & Threats to convert them into Strengths & Opportunities
Strengths
Strong community ties, trusted leadership, existing member base, shared values, dedicated resources.
Weaknesses
Limited financial resources, potential for internal conflicts, lack of financial expertise, regulatory challenges, competition from established institutions.
Opportunities
Growing demand for financial services, untapped potential for wealth creation, professional support for CDFIs, emerging technologies, partnerships with other organizations including collaborations with local black chambers to expand ecosystems.
Threats
Economic downturns, changing demographics, increased government regulation, lack of public awareness, competition from non-profit and for-profit institutions.
Requirements for Success: A Collaborative Approach
1
Strong Leadership
Committed church leaders with a shared vision and a track record of community engagement.
2
Financial Expertise
Access to qualified financial advisors, accountants, and managers with experience in CDFI and credit union operations.
3
Community Engagement
Active involvement of members in decision-making, program development, and outreach efforts.
4
Resource Mobilization
Effective fundraising strategies, leveraging resources from the church, community, and potential investors.
The Power of Unity: Nationwide Kingdom Banking Network
Expanded access to capital for Black-owned businesses, entrepreneurs, and families.
Increased homeownership and affordable housing opportunities in underserved communities.
Enhanced educational and job training programs, preparing individuals for success in the 21st-century economy.
Strengthened partnerships with other community organizations, leveraging resources and expertise for greater impact.
Pilot Program: Launching Kingdom Banking in the DMV and Atlanta
Phase 1: Member Pledges
Secure 3 or more black local churches to agree to act as host institutions; then obtain pledges from 1,000 members across select churches, demonstrating community support for the initiative.
Phase 2: Fundraising
Raise $500,000 through individual and corporate donations, foundation grants, and other funding sources.
Phase 3: Secure Branch Location(s)
Identify and acquire a suitable location(s) for the collaborative credit union and CDFI branch, strategically positioned within a high-need community.
The Black Church: A Transformative Force
1
Educational Institution
Empowering members with financial literacy, entrepreneurship skills, and wealth-building strategies.
2
Community Development Center
Providing resources, support, and opportunities to foster economic advancement and self-sufficiency.
3
Agent of Social Change
Addressing systemic inequities and empowering individuals to achieve their full potential.
Building a Legacy of Empowerment
Together, we can create a sustainable and impactful model for financial empowerment within the Black community. This initiative is more than just a financial institution; it's a movement, a testament to the transformative power of faith and collective action. Join us in building a legacy of financial freedom for generations to come.