As Black-Owned Banks Struggle, Community Sounds Alarm

[mamba]

He's right. Many ppl overlook the good work black churches r doing in their communities

No one is saying the church doesn't do good work.

JPMorgan and its employees also do good work in the community.

Goldman Sachs has great program to support small businesses in communities around the nation.

As the biggest financial institution in the Black community, the Black Church can do a lot more to better local communities.

If it claims it cannot, then we need to stop dumping money into those churches every Sunday and instead deposit that money in Black banks en masse on Monday mornings.

 

[southern.girl]

He's right. Many ppl overlook the good work black churches r doing in their communities

Exactly. For every mega church, there is 25+ churches that are struggling to stay open. Statistically speaking, only 20% of the church tithes consistently. And what makes this argument so laughable, is that the people who complain the loudest about what the church doesnt provide, can't even be bothered to (1) attend church in the first place to (2) drop off more than a dollar in the second place.

It's basically finger pointing to absolve themselves of any responsibility.

However, I do agree that black churches should invest heavily in black banks.

 

[ridedolo]

There are 21 black owned banks in America

 

[Woman of god]

Black churchers should form credit unions. Black churches deposit their money in the same banks that will buy out the church for pennies and tear it down to gentrify the neighborhood and displace the congregation from their homes.

I think either Ebenezer or Big Bethal in ATL have a church credit union but idk how they are doing.

No reason why the AME, COGIC, A group of black baptist churhes, etc havent made officail credit unions and those serve as the governing bodies to build infrastructure in the community and give congregation access to capital which in turn makes the credit union money via interest paid.

U speak in sweeping generalizations and over simplifications

 

[Apollo Creed]

U speak in sweeping generalizations and over simplifications

Nah you just dont understand anything I typed.

 

[Woman of god]

Exactly. For every mega church, there is 25+ churches that are struggling to stay open. Statistically speaking, only 20% of the church tithes consistently. And what makes this argument so laughable, is that the people who complain the loudest about what the church doesnt provide, can't even be bothered to (1) attend church in the first place to (2) drop off more than a dollar in the second place.

It's basically finger pointing to absolve themselves of any responsibility.

However, I do agree that black churches should invest heavily in black banks.

Ppl use the black church as a scapegoat for many problems of the "black community " which I guess is easy for them to do because they dislike the church anyways. Investing in black banks is absolutely a noble goal , although the idea that if the church isn't putting all their assets in black owned banks they aren't supporting black economics is totally unfair. Buying from black owned business, giving ppl jobs , giving scholarships are all ways that black churches cycle dollars thru and within the community

 

[Woman of god]

Nah you just dont understand anything I typed.

Speaking in absolutes is ignorant. U should add some qualifiers and nuances to your original statement. U can start with "black churches should form credit unions." Tell me how it's just that simple when dealing with churches scattered across geographic locations and with varying (usually minimal ) assets. You have all the answers apparently

 

[Apollo Creed]

Speaking in absolutes is ignorant. U should add some qualifiers and nuances to your original statement. U can start with "black churches should form credit unions." Tell me how it's just that simple when dealing with churches scattered across geographic locations and with varying (usually minimal ) assets. You have all the answers apparently

I literally mentioned a black church that has a credit union

I then mentioned governing bodies that many black churches fall under and those governing bodies should form credit unions that all of the churches affliated with fall under


There are 3-4 AME churches with credit unions after a quick church. How many AME churchers are there total? And why arent all of these AME churches doing this together opposed to individually since they all fall under the same governing body?



This may be too complex of a convo for you

 

[Woman of god]

No one is saying the church doesn't do good work.

JPMorgan and its employees also do good work in the community.

Goldman Sachs has great program to support small businesses in communities around the nation.

As the biggest financial institution in the Black community, the Black Church can do a lot more to better local communities.

If it claims it cannot, then we need to stop dumping money into those churches every Sunday and instead deposit that money in Black banks en masse on Monday mornings.

Most churches are merely the aggregate of the neighborhoods they r situated in. Which means that the money coming in isn't much, because the ppl that attend r poor. U expecting a church to go buy the neighborhood when 99 percent of its parishioners are tithing 5 dollars or less every Sunday? If you want to say the mega churches could do extensive work in the communities fine because they have an unusual surplus. But there's many more corner store and community churches than mega churches so to lump them in as having the same potential is foolish

 

[Will Ross]

I

Exactly. For every mega church, there is 25+ churches that are struggling to stay open. Statistically speaking, only 20% of the church tithes consistently. And what makes this argument so laughable, is that the people who complain the loudest about what the church doesnt provide, can't even be bothered to (1) attend church in the first place to (2) drop off more than a dollar in the second place.

It's basically finger pointing to absolve themselves of any responsibility.

However, I do agree that black churches should invest heavily in black banks.

It's stupid to bring up the black chruch seeing that not every black person goes to church or has the same faith.
Also most chruch with money have middle class to rich blacks going to them,

 

[Woman of god]

I literally mentioned a black church that has a credit union

I then mentioned governing bodies that many black churches fall under and those governing bodies should form credit unions that all of the churches affliated with fall under


There are 3-4 AME churches with credit unions after a quick church. How many AME churchers are there total? And why arent all of these AME churches doing this together opposed to individually since they all fall under the same governing body?



This may be too complex of a convo for you

U keep trying to detract from your foolish arguments with smileys and insults. Stay on topic. Mega churches are in their own category pale in number compared to community churches, which are situated in the neighborhoods that u believe r in danger of gentrification. U r misinformed if you think a bunch of storefront churches r in a position or have the resources to protoritze making credit unions

 

[Apollo Creed]

U keep trying to detract from your foolish arguments with smileys and insults. Stay on topic. Mega churches are in their own category pale in number compared to community churches, which are situated in the neighborhoods that u believe r in danger of gentrification. U r misinformed if you think a bunch of storefront churches r in a position or have the resources to protoritze making credit unions

Mofo do a CTRL+F and tell me when I even used the words "mega church"



You dumb as bricks.

 

[Rekkapryde]

MAN SHUT THE fukk UP WITH THAT DUMB shyt. YOU DON'T KNOW WHERE CHURCHES KEEP THEIR MONEY. OL SPECULATING ASS nikka. POST SOME RECEIPTS (LITERALLY) OR SHUT THE fukk UP.

CHURCHES PUT MONEY INTO OUR COMMUNITY. YOU WOULDN'T KNOW THAT BECAUSE YOU AIN'T IN THE COMMUNITY DOING ANYTHING. NOTHING PISSES ME OFF MORE THAN PEOPLE WHO DON'T GO TO CHURCH SPEAKING ON WHAT THE CHURCH IS OR ISN'T DOING. IF YOU AIN'T GOT NO COMMUNITY SERVICE HOURS YOU NEED TO NOT SPEAK ON THE CHURCH'S CONTRIBUTIONS TO ANY COMMUNITY.

Get em Snif!!!

 

[NoGutsNoGLory]

Thats part of it. I also feel like the government should do their part in "bailing out" these black banks same way they did for all the other financial institutions

I dont see why the black banks cant also get some


Sidenote - this def the type of thread that should be in the Root

why the need for all caps breh @MR. SNIFLES

The government didnt want to bail the banks they HAD!! To bail them, we are talking Trillions in assets which would fukk uo the whole economy.

 

[Woman of god]

Mofo do a CTRL+F and tell me when I even used the words "mega church"

Black churchers should form credit unions. Black churches deposit their money in the same banks that will buy out the church for pennies and tear it down to gentrify the neighborhood and displace the congregation from their homes.

I think either Ebenezer or Big Bethal in ATL have a church credit union but idk how they are doing.
.

Do u know what a mega church is u stupid hoe? HINT IT DOESNT HAVE THE WORD MEGA IN IT'S TITLE