Common Good Finance

Eugene Page Links>> Events : Community : Division : FAQs

Eugene now has over 140 community members signed up as interested in opening an account with a Common Good Bank division once established here!

If you also would like to support a common good bank division being established in Eugene, with no money down or obligation, in a 10-second sign-up

And… join us for monthly potlucks where we discuss the Common Good Bank model

Next potluck: Wednesday June 30th, 6:30pm

Community Profits

All of Common Good Bank’s profits will go to schools and other non-profits.
Eugene account holders will vote on which such organizations are the beneficiaries of our bank division’s profits
Half the profits go to the local community.
Half are given away outside the local community to organizations voted on by the CGB Eugene account holders.
Depositor owners meet to discuss issues and use a penny vote to decide what gets funded.
Each person gets one vote.

Regenerative Socially Responsible Lending

Common Good Bank will provide a full range of secure, FDIC-insured banking services.
They will lend only to socially and environmentally responsible borrowers.
All borrowers have to report on their social and environmental impact.

Here’s how Common Good Bank will be different:

All profits go to schools and other nonprofit organizations, to benefit everybody.
Investments will maximize social good, not just profit.
Traditional banks are managed by corporate holding companies. Common Good Bank depositors in each community decide their own investment priorities and which community-spirited ventures will get the bank’s profits and created money.
Traditional banks are prone to corruption and failure on a catastrophic scale. Common Good Bank will offer superior security, through transparency, community-level management and cooperative contingency handling.
Traditional banks siphon money out of our communities. Common Good Bank will give the depositor investors an inflation-rate return.

Thank You Eugene Business Partners!!!