print pagePartner With Us
Sign your organization up to partner with us, to establish a common good bank system. Download, print and mail the Partnership Agreement OR fill out the form below. NOTE: This is not a contract. It is not binding. It is a statement of intent.
Here's what we mean by "partner". Partners give the project two things:
- HELP: Partners help move the project forward in some significant way, for example by promoting it in a newsletter or on their website, or by giving technical assistance or oversight or by helping financially. Any one of these actions is enough, by itself.
- HEFT: Partner organizations add the weight of their name to the project. For example, the project's website may say "this is a project of organization #1, organization #2, etc.".
Partners benefit in three or four ways:
- PUBLICITY: Partner organizations will be mentioned often as the common good bank project is being promoted.
- SUCCESS: Partners will share in the project's ultimate success.
- POTENTIAL FUNDING: Nonprofit partners can receive grant funds to support a local common good bank organizer and will be eligible after opening to receive part of the profits and merchant contributions from the common good bank. Retail partners, such as food cooperatives, will also benefit especially from the common good bank's no-fee local credit/debit card, which could save the business thousands of dollars in credit card fees. Qualified organizations may also invest in the project, when that becomes possible.
- PARTNERSHIP AFTER OPENING: A nonprofit partner in each community division will assist people in opening accounts and applying for loans. Labor and equipment costs for these services will be covered by the community's share of the bank profits. Retail partners may offer a rebate on purchases by common good bank members in exchange for advertising, and/or give them "cash back" on their Common Good™ Card, with no purchase required (and no fee to the retailer).
For a partial list of current partners, see the "Who Are We" page.
One Comment
A green investor (financial adviser) has confirmed now that he wants to work with me to form a team to create a Common Good Bank in San Diego. I am giving a presentation in two days on banking choices and will use the 14 minute presentation from the website at some point during the 2 hour workshop. A local Fair Banking group that has been focused on getting banks to use more fair practices has lost some steam, so I am in the early stages of conversation with them. We will add information to what we already have on our website and link to the Common Good Bank website.