Saturday, 16 May 2009
philanthropy
credit unions rely on having capital to lend out to members. Members need the loans, and the credit union needs the (small) earnings that come from charging interest on the loans. Getting started with enough capital is a real problem. Are there philanthropists out there who have money that they don't mind keeping with the credit union for a long time ? If they genuinely don't need the money for a while, then why not put it on deposit with the credit union ?
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Welcome to the blogosphere, Creditrating. I hope the hunt for philanthropists proves successful.
ReplyDeletebest wishes
Owen