New Majority Growth Initiative
The U.S. Census Bureau projects that the United States will be “majority-minority,” or majority people of color, by 2043. The New Majority Growth Initiative is a capacity building initiative developed by Inclusiv to support current leaders of Minority Depository Institutions (MDIs) in the mainland U.S., U.S. Virgin Islands, as well as financial cooperatives (cooperativas) in Puerto Rico.
Launched in 2023, participating credit unions and cooperativas are enrolled in an MDI Learning Center or Cooperativa Learning Center which consists of group classes and a collaborative effort to strengthen the growth trajectory of MDIs and cooperativas. Inclusiv has been providing community development finance training, access to tools and best practices, consulting support, and $3.4 Million in grants to MDI CDCUs & cooperativas nationwide.
The New Majority Growth Initiative is supported by a lead grant from the Citi Foundation’s Community Finance Innovation Fund, with strengthening funders JPMorgan Chase, and NerdWallet. Inclusiv is also supporting the New Majority Growth Initiative with our Equitable Recovery Program (ERP) grant from the CDFI Fund.
Participating Credit Unions
Meet our previous New Majority Growth Initiative cohorts.
- Edisto Federal Credit Union
- Faith Community United Credit Union
- Frederiksted Federal Credit Union
- Cooperativa Intermetro
- Cooperatova de ahorro y credito de Salinas
- Shiloh Englewood Federal Credit Union
- Light Commerce Credit Union
- Urban Upbound Federal Credit Union
- Unity of Eatonville Federal Credit Union
- Hill District Federal Credit Union
- New York Episcopal Federal Credit Union
- New Community FCU
- Concord Federal Credit Union
- T.E. A Federal Credit Union
- For Members Only Federal Credit Union
- Mid-Island Federal Credit Union
- Holy Redeemer Community Credit Union SE WI
- Memphis Municipal Employees Federal Credit Union
- Fellowship Baptist Church Credit Union
- Sixth Avenue Baptist Federal Credit Union
- MariSol Federal Credit Union
- St. Helena Parish Credit Union
- Park Manor Christian Church Credit Union
- St. Mark Credit Union
- South Side Community Federal Credit Union
- Cooperativa de Ahorro y Crédito Goya de P.R.
- Cooperativa de Ahorro y Crédito RIM-COOP
- Everest Federal Credit Union
- Urban Beginnings Choice Federal Credit Union
- Finanta Credit Union
- New York University Federal Credit Union
- Border Federal Credit Union
- Chicago Municipal Employees Credit Union
- Church of the Master Federal Credit Union
- Community First Fund Federal Credit Union
- Fidelis Federal Credit Union
- Government Printing Office Federal Credit Union
- Iberville Federal Credit Union
- Sixth Avenue Baptist Federal Credit Union
- Toledo Urban Federal Credit Union
- Urban Beginnings Choice Federal Credit Union
- Urban Upbound Federal Credit Union
- Virginia State University Federal Credit Union
- Chicago Post Office Employees Credit Union
- Citizens Choice Federal Credit Union
- Councill Federal Credit Union
- Frederiksted Federal Credit Union
- Greater Cleveland Community Credit Union
- Heart O’ Texas Federal Credit Union
- Mount Vernon NY Postal Employees Federal Credit Union
- Mount Zion (Indianapolis) Federal Credit Union
- New Covenant Dominion Credit Union
- One Detroit Credit Union
- S.H.P.E. Federal Credit Union
- Unity of Eatonville Federal Credit Union
- Vitelco Employees Federal Credit Union
- Cooperativa de Ahorro y Crédito Aguadilla
- Cooperativa de Ahorro y Crédito Pepiniana
- Cooperativa de Ahorro y Crédito Oficiales de Custodia
- Cooperativa de Ahorro y Crédito Saulo D. Rodríguez
- Cooperativa de Ahorro y Crédito Mayaguez
- Cooperativa de Ahorro y Crédito Florida
- Cooperativa Ahorro y Crédito Naguabeña
- Universal Coop Federal Credit Union
- Cooperativa de los Empleados de la Corporacion del Fondo del Seguro de Estado
- Cooperativa de de Ahorro y Crédito Lajas
- Cooperativa de Ahorro y Crédito Aiboniteña (Bonicoop)
- Cooperativa de Ahorro y Crédito Jesús Obrero
- Cooperativa de Ahorro y Crédito Agentes de la Lotería de PR
- Cooperativa de Ahorro y Crédito Empleados de Bacardi Corp
- Cooperativa Iglesia de Dios Mission Board
- Cooperativa de Ahorro y Crédito Los Hermanos
- Cooperativa de Ahorro y Crédito Metodistas Unidos de PR
- Cooperativa de Ahorro y Crédito de Empleados Plaza Provision Company
- Cooperativa de Ahorro y Crédito de Tribunal General de Justicia (Judicoop)
- PR Employee Groups Federal Credit Union
- Cooperativa de Ahorro y Crédito Salinas
- Cooperativa de Ahorro y Crédito Intermetro
- Electro Coop
- Cooperativa de Ahorro y Crédito Personal de Ballester Hermanos