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NEWS: Black-Led Arise Credit Union Launches Today

by Twin Cities Arts Reader -

The logo for Arise Community Credit Union, a new Black-led credit union that launches today to provide financial services supporting underserved individuals, businesses, and communities.

Arise Community Credit Union, Minnesota’s first specifically Black-led community credit union, officially opens today. The opening, coinciding with the Anika Foundation’s Juneteenth event at the Minnesota State Capitol grounds today, is intended to provide bank-like services to its community through the non-profit credit union structure.

The Association for Black Economic Power (ABEP), a Minneapolis-based organization devoted to furthering economic independence, multi-generational wealth, and community development for Black families and businesses, will celebrate Arise’s opening during the State Capitol Juneteenth event, as well as another celebration the afternoon of June 21.

A promotional flyer for the opening of the Arise Community Credit Union.

In a statement, Association for Black Economic Power said, “Arise represents a pivotal resource for fostering wealth creation and financial independence within the community.” The launch of the new credit union “stands as a testament to our dedication to advancing economic equity,” explained Dr. Juneau Robbins, ABEP Board Chair. “As the driving force behind Arise, ABEP has championed this initiative to fruition.”

The new credit union is dedicated to providing accessible banking services, equipping residents with the tools and resources essential for securing a stable financial future.

“We eagerly anticipate the launch of Arise Community Credit Union on this meaningful occasion,” said Francis Odhiambo, CEO of Arise. “Juneteenth embodies principles of freedom and opportunity, and we take pride in offering a financial institution that empowers our community members to achieve their aspirations.”

While new members can officially begin opening accounts online on June 19th, a celebration will take place during the Anika Foundation’s Juneteenth event at the State Capitol grounds, June 21 from 12:00 p.m. to 6:00 p.m. ABEP and Arise representatives will be on site to engage with attendees, provide details about the credit union’s services, and celebrate this historic milestone together.

For further details about Arise Community Credit Union and the Juneteenth celebration, visit: https://www.AriseCCU.org

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