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** Economic Democracy Weekly
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In today’s Economic Democracy Weekly, we look at the many intersections between community finance and economic justice. First, in our latest Truth to Power ([link removed]) column, Oscar Perry Abello, author of The Banks We Deserve, talks about how banking became separated from local communities—and how to remedy that ([link removed]) . We follow that with an excerpt from his book that documents how big banks’ rise occurred and how that impacts communities today ([link removed]) . Next, Chrystel Cornelius of Oweesta, a Native CDFI intermediary, writes about how Native communities are standing up ([link removed]) and mobilizing to protect their community financial institutions. Finally, we close with an article on the nuances
of community finance ([link removed]) —and why lending terms matter at least as much as the distribution of capital.
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Banking and Community: A Conversation with Oscar Perry Abello ([link removed])
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“The banking system can support that work better if it’s more local, more locally owned, and more locally controlled.” Read more... ([link removed])
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Why Communities Must Reclaim the Power of Banking ([link removed])
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“In 1984, there were 15,767 community banks, representing 39 percent of banking assets…[today they’re] just 11.31 percent.” Read more... ([link removed])
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Standing Strong: Native CDFIs Mobilize to Protect Economic Sovereignty ([link removed])
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“At the heart of Native CDFI work is a ‘relationship model of lending,’ centered on redefining lending criteria to meet the needs of Native communities.” Read more… ([link removed])
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2025 Small Nonprofits Big Impact | Talent Challenges and Opportunities Report ([link removed])
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Planning for Success: Why Asset Transfers to Communities Matter ([link removed])
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“There is a big difference between owning a building free and clear and owning a building that has a mortgage.” Read more... ([link removed])
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