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About [Edit]
Common Good Finance is a partnership of many organizations, working together to design and create the first ever common good bank™.
Common good banks will be different. Profits go to local schools and nonprofits. Depositors decide what the bank should invest in. Free local credit card processing for local businesses. Micro-loans for new businesses and community projects. Committed to sustainability and economic justice, while offering a full range of secure, FDIC-insured banking services. .
Any community can start one easily. No need for a bank building.
Sounds like a brilliant idea!
"This is not just another bank with a social agenda. This is a social agenda with a bank!"
http://commongoodbank.com/different.html
Is there a common good bank estabilshed somewhere?
If yes, how is it doing so far?
If none yet, what are the obstacles of getting one up and running?