12/08/2010

Milwaukee's Legacy Bank a lot like George Bailey's Building and Loan

We all watched with pride and amazement when three African American women opened Legacy Bank in 1999.  It was sensational.   Legacy quickly earned a reputation for being a compassionate lender, community builder, and generous supporter of local nonprofits.   It's often occured to me that Legacy and it's leaders were a lot like George Bailey and the Building and Loan.  And now, they are in some serious trouble.  http://www.jsonline.com/business/110418319.html  Kind of like the trouble in  It's a Wonderful Life--short of capital.   In my opinion, Legacy Bank is the kind of community institution worth saving.   Its investments in local people, business, and community development are critical.    The Women's Fund is proud to have our cash reserves at Legacy Bank.    And there's no reason to stress.  It's FDIC insured. 

Dec 8, 2010 9:59:05 AM

The comments to this entry are closed.

NEXT POST
Tips from women of color on how to be a better ally Sometimes I'm asked by white women what they can do to support women of color besides writing a check. We recently got some great advice from women of color involved in our Reproductive Justice project. 1. Really listen when women of color talk and then behave as though we heard them. This means being willing to do things differently. Modify our criteria, change our outreach, systems or behavior. 2. Show up to events when invited by women of color. What we usually do is summon them to meetings or drag them into our existing organizations when we want to achieve...
PREVIOUS POST
The best and worst day of the year The best and worst day of the year for me is when we make our funding allocation decisions. It's exhilirating to think of the good we can do in the world and how important our grants are to supporting local women led organizations. Our Social Change Grants Advisory Committee made recommendations to fund 11 local organizations including two new grant partners including the Grand Avenue Club for a program that engages women with mental health issues as public policy advocates. But there were easily 10 other organizations with extremely worthy and compelling programs that we did not fund. And we...

Women's Fund

Our mission is social change through women and girls. Our vision is to help create a world that is just and fair for everyone. We are guided by the values of inclusion, leadership, equity and sustainability.

The TypePad Team

Search

Recent Comments