What is a "Permaculture" credit union?
Simple definition: Permaculture = the design form of sustainable living.
[see www.permaculture.net or www.permacultureactivist.net for more]
Back in the late 90’s a group of Pc activists got together to form a credit union - based in New Mexico - and what resulted is a most unique financial institution! Not only are funds invested in the local community, but investments avoid unsustainable practices (see an earlier blog on negative screens) but reward sustainable activities (yep - see earlier blog)
Imagine getting a BETTER loan because your house is OFF-THE-GRID!!!
“Permaculture Credit Union Mission Statement:
The Permaculture Credit Union pools the financial resources of people who believe in the ethics of Permaculture - care of the earth, care of people, and reinvestment of surplus for the betterment of both. We apply those resources to earth-friendly and socially responsible loans and investments.” (http://pcuonline.org/index.html)
Now over 1000 members, $3 million in savings, & $2 million in loans. Minimum deposit $50. PCU sends out a very refreshing newsletter too (One issue has a picture of Greg Peterson & his new Smart Car).
Interest and savings rates are comparable with similar institutions. PCU Visa card available.
The bottom line: An excellent choice for an affordable & green loan and an excellent investment in a more sustainable society.
