Shuman and Local Dollars Local Sense in the Credit Union Times
May 15, 2013
Post Carbon Fellow Michael Shuman and his book Local Dollars, Local Sense were quoted as an inspiration in this article in the CUTimes.
From the article:
Carolina Mountains Credit Union, a division of $564 million Self-Help Credit Union in Ashville, N.C., has launched a program allowing members to invest in a certificate of deposit aimed at financing local green businesses, community economic development projects and women and minority mortgage borrowers in western North Carolina…
Jane Hatley, Western North Carolina regional director for Self-Help, indicated the idea really got started a couple ways. The director of the Go Local movement approached Hatley to suggest using deposit money to support local businesses.
Then, at a conference called Venture Local, Michael Shurman, author of Local Dollars, Local Sense, spoke about the need to put money into local economies and businesses. One of recommendations was creating a local CD.
“That got us all fired up again,” Hatley chuckled.