This sounds like such a great idea! I wanted to start a matching individual investment account (IDA) based non-profit soon for low-income and foster youth in the East New York/Brownsville section of Brooklyn, NY soon. I was thinking of doing this through another credit union but this seems like a great way to maintain control of where our money goes and using it to match the youth's deposits. If I could gain enough depositors in a single community, could we decide to funnel the money back into specific accounts to match their deposits and pay for services (money management courses, mock interview sessions, etc.) ? If so, I will SO wait until this bank is on started and even try to get the word out there. Thanks!

We hope the Common Good Bank creates a community land trust leased from a county and constructs a 15-MW wind farm that also produces organic food and vegetable oil to fuel vehicles. 

JPChance.Org

I want to start--please send me the stuff--i have been brain-storming this type of approach for years, but until now, had not found a vehicle. I have alot of connections and am starting a consumer-oriented financial education biz as we speak, which will go hand-in-hand.

I'm one of three partners who are planning to open a worker-owned cooperative restaurant - a traditional New York style diner. We will be located in or near South Bronx, NY, one of the poorest neighborhoods in the country. We plan to create bilingual (English/Spanish) and multicultural space. I love the idea of this bank and would just love to be part of starting one in South Bronx. I invite you to look at our website and contact us if you have any interest or feedback about our venture. http://www.workersdiner.org

Cheers!
William Cerf
South Bronx, NY