A credit union established with the $77 proceeds of a bake sale is now the largest home lender to low- and moderate-income borrowers. That’s the story historian Howard E. Covington tells in Lending Power: How Self-Help Credit Union Turned Small-Time Loans into Big-Time Change.
Lending Power “is the story not just of the rise of a radical credit union, but also of its role in the community that shaped it, which saw it work with churches, civil rights activists, maverick philanthropists and city planners to deliver change.”
Read the rest of Co-operative News’ review here: https://www.thenews.coop/126346/sector/credit-unions/credit-union-took-civil-rights-path-become-national-lender/
