MINNEAPOLIS, Minn.— Arise Community Credit Union plans to open its doors for business next week on Juneteenth, the Association for Black Economic Power announced.
The occasion, which marks the launch of Minnesota's first Black-led community credit union, will be commemorated at the Minnesota State Capitol grounds.
“Guided by ABEP's steadfast commitment to economic empowerment and financial inclusion, Arise represents a pivotal resource for fostering wealth creation and financial independence within the community,” ABEP said.
"Arise Community Credit Union, Minnesota's first Black-led community credit union, stands as a testament to our dedication to advancing economic equity," explained Dr. Juneau Robbins, ABEP board chair. "As the driving force behind Arise, ABEP has championed this initiative to fruition."
Open to the entire community, ABEP said Arise is dedicated to providing accessible banking services, equipping residents with the tools and resources essential for securing a stable financial future.
"We eagerly anticipate the launch of Arise Community Credit Union on this meaningful occasion," said Francis Odhiambo, CEO of Arise. "Juneteenth embodies principles of freedom and opportunity, and we take pride in offering a financial institution that empowers our community members to achieve their aspirations."
While new members can officially begin opening accounts online on June 19, a celebration will take place during the Anika Foundation’s Juneteenth event at the State Capitol grounds on June 21 from 12:00 p.m. to 6:00 p.m.
“ABEP and Arise representatives will be on site to engage with attendees, provide details about the credit union's services, and celebrate this historic milestone together,” ABEP said.