Permaculture Credit Union
Phil at inetserv.com
Thu Aug 17 13:58:42 EDT 2000
I guess I made an error in attempting to keep my original
message about the Permaculture Credit Union opening so brief. To
help clear up your question, I've taken the following questions and
answers from the Frequently Asked Questions page on our web site.
Q. What is the Permaculture Credit Union?
A. The Permaculture Credit Union is a credit union of members
dedicated to the following ethics of
* CARE OF THE EARTH
* CARE OF PEOPLE
* REINVESTMENT OF THE SURPLUS TO BENEFIT THE EARTH AND ITS INHABITANTS
Q. How is the Permaculture Credit Union different from a bank?
A. The Permaculture Credit Union is a nonprofit financial
cooperative. It is solely owned and democratically controlled by its
individual members, as opposed to a bank, which is often run by
outside stockholders. As a PCU member/owner, your account represents
your shares in the PCU, with each dollar equaling one share.
Q. Why should I invest my money in the Permaculture Credit Union?
A. The Permaculture Credit Union is made up of members who have
made the decision to invest and control their money in a financial
institution that follows their code of ethics, not the ethics or
investment strategies of an outside stockholder group.
Q. Can anyone become a member of the Permaculture Credit Union?
A. Yes, as long as you are in the "field of membership" of the
Permaculture Credit Union. Our field of membership includes those
persons who have completed a Permaculture recognized design course,
are members of an affiliated Permaculture Institute and/or subscribe
to the ethics of Permaculture.
Q. What kind of services will be available from the Permaculture
A. For the first year the Permaculture Credit Union will be
offering share (savings) accounts, certificates (certificates of
deposit), and loans.
Q. How soon will the Permaculture Credit Union be able to make loans?
A. Like most new credit unions, the Permaculture Credit Union
will make loans based on the amount of our deposits. The sooner we
take in sufficient deposits, the sooner we can make loans. We are
projecting loans will be made by Fall 2000.
I should add that as part of our member education services,
we will be emphasizing sustainability and permaculture ethics as
applied to our loan program. These issues are being discussed by the
board and loan committee. If you would like to have your ideas
considered by the board of directors and committees, take a look at
the answer to the second question listed above and join the
Permaculture Credit Union.
Thank you for your interest. We look forward to having you
as a member.
>What about this makes it a "permaculture" credit union? its not
>really clear at
>yr website. will you make loans to permaculture projects?
Phil Vergamini, Santa Fe, NM
mailto:Phil at inetserv.com http://www.inetserv.com/
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