Join authors Clifford Rosenthal and Michael McCray for the Washington, DC launch of their book Community Capital: Race, Equity and the Credit Union Movement. Both authors will appear at a book signing on July 29 at 6 pm EDT at Busboys and Poets, located at 14th and V ST NW.
Community Capital debuted as Amazon’s #1 New Release in General Sociology of Race Relations. The book is a candid, sometimes raw memoir of Rosenthal’s years leading the CDFI intermediary now known as Inclusiv, combined with Michael McCray’s insider account of the unjust federal termination of a Black fraternity’s credit union, Kappa Alpha Psi FCU. Kirkus Reviews called the book “a hard-hitting and persuasive indictment of the American banking system and a compelling defense of credit unions.”
Decades before Occupy Wall Street challenged the American financial system, activists began organizing alternatives to provide capital to under-resourced people and other “unbankable” communities. With roots in the civil rights, anti-poverty and other progressive movements, they formed nonprofit loan funds, credit unions and even a new bank—organizations that by 1992 became known as “community development financial institutions,” or CDFIs.
Rosenthal’s earlier book, Democratizing Capital: Origins of the CDFI Movement reached best seller status this week in the FriesenPress Bookstore. FriesenPress is “the world’s only 100 percent employee-owned publishing services provider.” It is available from multiple sources at cliffrosenthal.com.
