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Subject: Partner with us to create Common Good Bank
Dear OrganizationName,
Common Good Finance invites you to partner with us to create Common Good Bank. Common Good Bank will be a new kind of community savings bank,
designed expressly for economic justice, sustainability and strong local economies, independent of the dollar.
- Profits go to local schools and nonprofits.
- Depositors decide what the bank should invest in.
- Free local credit card processing for local businesses.
- Micro-loans for new businesses and community projects.
- A full range of secure, FDIC-insured banking services.
- Committed to sustainability and economic justice.
Once Common Good Bank exists, 50 people ANYWHERE can start one in just a few days, with no need for a bank building. With a dozen innovative
features, this is not just another bank with a social agenda. This is a
social agenda with a bank.
Common Good Bank could be tremendously beneficial to every
participating community, providing a sizable new pool of funding and capital
for community initiatives. For more information (including a short video that
gives a concise overview of the project), check out our website at commongoodbank.com.
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 sufficient by itself.
- HEFT: Partner
organizations add the weight of their name to the project.
The project's promotional materials will say "this is a project of
org1, org2, org3, org4, etc.". Major foundations will then be more
interested in investing in the project.
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 will be eligible to receive part
of the profits and merchant contributions from Common Good Bank.
Retail partners, such as food cooperatives, will also benefit
especially from Common Good Bank's no-fee local credit/debit card,
which could save the organization thousands of dollars in credit card
fees.
- 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.
I am including our current list of partners, below.
Thank you for your dedication to a just economic community.
Sincerely,
YourName
Community Division Organizer
Common Good Finance Corporation
democratic economics for a sustainable world
PO Box 21, Ashfield, MA 01330 USA
+1 413-628-3336
Be one of our 4,000 founding depositors
Sign up at www.commongoodbank.com
ABOUT COMMON GOOD FINANCE
Common Good Finance is a partnership of many organizations, working
together to design and create a global network of Common Good Bank community divisions.
Partner organizations include: