Last fall, our friends at MN Neighborhoods Organizing for Change (NOC) began a campaign to ask the Minneapolis Public Schools to stop doing business with banks that were harming our communities. A few weeks ago, during our 99% Spring Week of Action, the school board committed to begin a process of selecting a financial institution through a process that considered the bank’s community impact.
This Wednesday, the Minneapolis Public School will be holding a public meeting with the four finalists in the RFP process. The finalists are U.S. Bank, Wells Fargo, Bremer Bank and JP Morgan Chase.
You are invited and encouraged to attend the meeting. Details can be found below. Click here to RSVP.
It’s very important to make sure the Minneapolis Public Schools hears us loud and clear that community impact should weigh heavily on their decision. The finalists they’ve selected include Bremer Bank, a local bank that gives 40% of its profits back to the community each year, is an industry leader in small business lending in Minnesota and pays its fair share of taxes.
As you know, the other three on the list have been the target of community protests for a huge range of misdeeds, including harmful foreclosures, payday lending at obscene interest rates, dodging taxes, supporting anti-immigrant policies, refusing to work with the Somali community to transfer money to families in Somalia, and lobbying against taxes on the rich that would fund our schools.
What questions would you ask these banks? What questions do you want to make sure the school district considers when making their decision?
Join us Wednesday morning and add your voice to the process. Click here to RSVP.