Common Good Finance Project Goals
Common Good Finance will create the first ever common good bank, a new kind of community savings bank designed for economic justice and sustainable prosperity, lending exclusively to environmentally and socially responsible companies. All of the bank's profits will go to the community and the depositors will decide democratically how to use the profits and investment choices to advance the common good.
- In One Year - Common Good Finance aims to raise $1.5 million to secure its charter.
- In Five Years - Common Good Finance aims to open with 3,000 initial member depositors, creating a $15 million deposit pool that can be invested in cooperative local initiatives such as these Local Investment Clearinghouse "Invest Local" projects.