Arise Community Credit Union logo.
The Minnesota Department of Commerce said Thursday it granted a charter for Arise Community Credit Union in North Minneapolis, the first Black-led financial cooperative in the state's history.
"The formation of this credit union and the dedication and work of Debra Hurston and her team, is an important step to give more Minnesotans access to community-led financial institutions," MDOC Commissioner Grace Arnold said in a prepared statement. "Arise Community Credit Union's charter is an exciting opportunity to remove historic barriers to financial services, to build wealth and to grow Minnesota's economy more inclusively."
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