Association for Black Economic Power Partners with Versique Search & Consulting to Establish Minnesota’s First Black-Led Credit Union

MINNEAPOLIS, April 20, 2022–(BUSINESS WIRE)–Minneapolis-based Versique, Executive Search & Consulting, has partnered with the Association for Black Economic Power (ABEP), a nonprofit created to establish the first black-led credit union of the state to address systemic financial challenges affecting Minneapolis residents.

The credit union will be named “Village Financial Credit Union”. When establishing Village Financial Credit Union, Versique will help identify and recruit qualified candidates for the position of CEO free of charge.

“This is a great opportunity for Versique to provide visible and meaningful assistance to a community project that will positively impact the lives of North Minneapolis residents,” said Paul Bees, Senior Practice Director for the banking and financial services division at Versique. Versique is a high performing staffing firm specializing in interim solutions, direct hiring and executive search. Versique completed over 220 research assignments in 2021, with 40 leadership positions in the last 12 months.

The idea for this project originated in 2016 from community members in North Minneapolis who strongly believe that institutional economic power is the key ingredient to addressing the inequalities that African Americans experience in our region. “As well as offering a range of financial products and services, the credit union will be a tremendous source of pride for the local community and beyond,” said Valerie Geaither, Chair of the ABEP Board of Directors. With community support, Village Financial Credit Union will provide services that meet the needs of the unbanked, underbanked and general community through a financial cooperative committed to the economic development of the underserved.

Today, there are more than 250 black-run credit unions managing $7.5 billion in assets. Village Financial will be the first black-run community credit union in Minnesota. To learn more about this project, visit https://abeppls.org/ or contact ABEP Executive Director Debra Hurston.

The Association for Black Economic Power (ABEP) – Mission: Eliminate the pernicious effects of the persistent low economic status of African Americans by (a) promoting the creation of prevention and response mechanisms to address systemic wealth extraction and economic disparity; (b) promote the development of products and services to enable the creation of wealth; and (c) promote and provide economic alternatives to traditional practices, policies and behaviors that sustain economic inequalities. Learn more about: https://abeppls.org/

Versique is a high performing staffing firm specializing in interim solutions, direct hiring and executive search. Our team of experienced professionals and seasoned leaders in various areas of expertise and industries have been there for you. We quickly assess the overall image of your staff and identify the key elements that will take your business to the next level.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220420005284/en/

contacts

Debra Hurston
651.278.1926

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