INVEST: build THRIVING COMMUNITies
→ Socially Responsible Investing
Move your capital away from the violent, extractive economy and into socially responsible investments that revitalize communities. Socially responsible investing balances the need for financial return with the desire to improve life for all and protect the natural environment. It is a field that has grown over the last three decades and there are numerous ways to invest in community revitalization and liberation - from regenerative agriculture, to green energy sources, to micro-financing. Investing capital in intersectional and systems change approaches is essential to building communities founded on greater justice and liberation for all.
This easy-to-read and informative article walks you through three easy options for becoming a socially responsible investor.
How To Invest In The Stock Market Without Selling Your Soul by Morgan Simon for Forbes
→ COMMUNITY BANKING
Instead of banking with companies that are profiting from private prisons and family detention — bank knowing that you’re supporting your local community. Many local banks do provide online banking and access to ATMs! You can still use “big name” ATMs to take out money (with no fees or easily refundable fees). And there are TONS of locations.
Check out this Community Bank Map for a few examples nationwide
In addition, community banks are more relationship-based. Branches are smaller and more intimate, and they may end up knowing your whole family. This personalized service helps small banks chalk up high personal satisfaction scores. Whereas big banks have many reporting levels and higher staff turnover - these conditions can make it harder to get fees waived or good loan rates negotiated.
AND community banks usually offer lower fees than big banks. The majority of small banks offer free checking, lower overdraft fees, and balance requirements for avoiding checking fees. Some small banks are even reimbursing several, if not all, surcharges at out-of-network ATMs. Community banks can also offer more commercial loans than big banks. And rates on car loans may be cheaper, too.