MINNEAPOLIS, Minn.–Village Financial Cooperative Credit Union, which is planning to open later this year to serve the African-American community in this city, said it has formed a partnership with Square, Inc. and the City of Minneapolis.
Village Financial Cooperative said Square will provide financial literacy programming to the residents of North Minneapolis, including providing education on financial management, access to capital, and tools entrepreneurs can use to help grow their businesses. Representatives from Village Financial say Square will also donate point-of-sale hardware for VFC’s physical location to help bring modern and innovative technology to the community, Insight News reported.
“Square is proud to partner with Mayor Frey, the City of Minneapolis, and Village Financial Cooperative to work together towards financial inclusion,” said Courtney Robinson, Financial Inclusion Lead at Square, in a statement. “Since first connecting with VFC last year, we have admired their work to build a platform that delivers innovative financial products and services to underserved communities in Minneapolis – a purpose we share. We are excited to collectively bring financial education programming and innovative technology to the people of North Minneapolis.”
Streamlined Delivery
“Thanks to this new partnership with Square and Village Financial Cooperative, we can streamline delivery of information about city services, programs, and resources presently available,” added Mayor Frey. “You won’t need a meeting with your council member or mayor for a primer on navigating city hall. The information will be provided right there on your screen, and our small business team can be notified of the interest and follow-up.”