Black Credit Unions Coming Out of the Pandemic Stronger Than Before


There’s an 86-inch flat screen TV facing out the big front window toward the outdoor seating area at IV Purpose (“for purpose”), a Black-owned sports bar and restaurant in Brooklyn that opened in July 2020. It looks out onto Fulton Street — the main drag through Brooklyn’s historically Black but contentiously gentrifying Bedford-Stuyvesant.

During a summer that featured a historic NBA playoff season hosted inside a “bubble,” IV Purpose co-owner Darnell George says it turned out to be the safest and sometimes the loudest place for the neighborhood to enjoy games and other events together, a welcome change after several months of social isolation.

And it very well might be the best — or at least the most entertaining — embodiment of a new chapter in the history of Black credit unions.

The three IV Purpose co-owners have…

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