|Co-housing Community Bank||<– Date –> <– Thread –>|
|From: Jerome F Rigot (jfrigotucdavis.edu)|
|Date: Wed, 27 Jul 94 12:35 CDT|
Hello, At N St Cohousing, in Davis, CA, we are interested in starting a coop bank or a coop credit union, basically a financial institution that would allow us to become more economically self-sufficient, and could be used in many ways, i.e., providing small loans to members for home improvements, such as purchase of energy efficient appliances, new roofs, home insulation, or for the financing of community enterprises, as tools and car coops, Common House improvements, etc...Does anybody have any experience or info about what this venture would entail? We are considering two options, either the legal way (either for profit or non-profit), and thus we need appropriate legal details or just doing an "in-house" coop financial institution, where your own experience of the initial set-up, incentive to the members, start-up details and any other info you could think of would be greatly appreciated. I already posted this announcement, but I had problems and I lost the info that was sent to me, also, I didn't receive many answers, but since the membership for this bulletin board increases steadily, I am hoping to get more info. Please send your feed back directly to me. Thanks. --Jerome -- Jerome F. Rigot Department of Environmental Toxicology 4416 Meyer Hall University of California, Davis Davis, CA 95616 U.S.A Phone: W: (916)752-5896 H: (916)753-7617 e-mail: jfrigot [at] ucdavis.edu
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