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Re: Permaculture Credit Union
Title: Re: Permaculture Credit Union
miekal-
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
Permaculture:
* 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
Credit Union?
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.
Phil
Vergamini
What about this makes it a
"permaculture" credit union? its not really clear
at
yr website. will you make loans to permaculture projects?
miekal
--
Phil Vergamini, Santa Fe, NM
mailto:Phil@inetserv.com http://www.inetserv.com/