Black Lives Matter
Statement from Genesee Co-op FCU, June 2020
As a community, we are collectively mourning the tragic and unnecessary killings of George Floyd, Breonna Taylor, Ahmaud Arbery and David McAtee, to name some of the most recent lost black lives. We support the reinvigorated protest movement during the Coronavirus pandemic where black people have suffered some of the greatest harm, here in Rochester and nationwide. Black people in the United States should live with the same rights, opportunities, and protections as all other people.
For more than 400years black people have oppressively lived with the overwhelming weight of a system built on white supremacy**. Police violence, along with racism and discrimination in housing, health care, the judicial system, voting rights, employment, as well as lending and other financial services, have long formed the core of a system designed to favor some while keeping black communities from flourishing. This system of “structural advantage favors white people in social, political, and economic arenas.”**
We see this every day even at Genesee Co-op Federal Credit Union. We regularly work with black and brown members who face predatory interest rates or products from finance companies where white members have much more favorable rates. We do everything we can to help support these members. We help black members buy new homes, refinance cars at reasonable rates, and fight for equitable policy at the state level by participating in the NYS Equity Agenda Coalition. Yet we must confront our limited abilityon our own, to change this fundamentally unjust system and the damage it has wrought. We support black Americans’ call for justice and equality and for meaningful, long-term solutions to this systemic crisis including:
- ending funding of a “militarized” police force and all forms of police brutality,
- funding reparations for black communities, and,
- creating an economy that works for everyone.
We all need a system that not only treats all people equally but repairs the damage done specifically to black Americans. We encourage all the member-owners of Genesee Co-op to join us in following the leadership of our black and brown members and community leaders as we rise up together for a more just and equitable nation and an economy that values racial equity at its core. Black Lives Matter.
** White Supremacy: “A system of structural advantage; favors white people in social, political, and economic arenas.” Baratunde Thurston, TED Talk: How to deconstruct racism, one headline at a time.
Our Members make the difference.
Member Since 1985
"I joined the credit union because my bank was starting to charge fees for different transactions and setting a minimum amount on how much you had to have in your account. I decided it was time to put my money where my mouth was and support local businesses. So, I opened a checking and saving account with the credit union. In 2004, I got a mortgage with them - which they helped me stay on top of when I was laid off for a short period. I have direct deposit there for work and I did open up a line of credit there many years ago; I don't use it often but it's nice to know it’s there in case I do need it. People at the credit union dress differently, they don't wear suits and they're down to earth. When I go there, it's friendly and welcoming. I like the brickwork and the fact that they have local artwork on the walls. Most of my friends already bank there."