Support Black Owned Financial Institutions Campaign BBC

Project Description

BBC-Black Owned Banks and Credit Unions

 

This project is designed to galvanize African Americans across the United States to support Black Owned Financial Institutions. In the wake of a number of tragic events involving police killings of African Americans, a renewed energy to build our communities from within has turned to various black owned and operated banks and credit unions as a key ingredient to sustainable economic futures and raising of morale. Black on Black Compassion (BBC) is committed to this effort through sharing information, organizing a grassroots campaign, and measuring results. We hope that this effort not only contributes to the growth of these organizations, but also demonstrates the power of BBC as a catalyst for positive societal change.

As a part of this campaign, we are publishing articles that promote this campaign. We encourage you to glance at them:

Whys and Hows of Supporting Black Owned Financial Institutions
Banks and Credit Unions for Those In Search of a Black Owned Financial Institution (BOFI)

 

 

Documents

  • To Participate in the Support Black Owned Financial Institutions Campaign Approved We are looking for individuals who are excited and committed to building the African American community through strong financial institutions. This effort needs people of all backgrounds - technical, community development, media, etc. Most importantly, we need people of high integrity. To get involved, please: 1. Register to LowdCrowd from the home page. 2. Join BBC which is under Crowds menu 3, Contact the Project Manager to join this team! Thank for you participating.

  • Whys and Hows of Supporting Black Owned Financial Institutions (BOFIs) Approved Prior to closing his final message, delivered in Memphis, TN. on April 3, 1968, Rev. King admonished African Americans to support Black Owned Financial Institutions (BOFIs). This article outlines why supporting BOFIs is critical today and the various ways we can do this.

Project Progress

0%

Project Timing

  • Start
    Dec 16 2016
  • End
    Dec 15 2017

12/16/2016 12/15/2017

84%

Overall Project Completion

  • STRATEGY DEVELOPED

    The basic and details elements of the project are set forth. The product of this phase must ask and answer who, what, where, where, how, and how much questions. These include:

    1. Execution
    2. Structure, including partnerships
    3. City of cities
    4. Processes
    5. Financing strategies.

    20%
  • EXECUTION COMPLETED

    The implementation of the first iteration of the project is underway. The completion of the first round of Iteration I. This includes the delivery of a full review, recommendations for the future rounds of the project, and planning for upcoming initiatives in this project area.

    60%

0%

  • 40%

    RESOURCES COMMITTED

  • 80%

    NEXTGEN INITIATIVE DEFINED

    The second iteration (i.e., Iteration II) of project will serve as a milestone to confirm the project design. Demonstrate that what has been established is re-applicable. And that BBC's focus on this issue is sustainable, beyond just an immediate/temporal manner. To the extent that Iteration II produces new learnings for future rounds of Iterations I and II, as well as for subsequent Iterations, we will apply the learnings.

20%

STRATEGY DEVELOPED

The basic and details elements of the project are set forth. The product of this phase must ask and answer who, what, where, where, how, and how much questions. These include:

1. Execution
2. Structure, including partnerships
3. City of cities
4. Processes
5. Financing strategies.

40%

RESOURCES COMMITTED

60%

EXECUTION COMPLETED

The implementation of the first iteration of the project is underway. The completion of the first round of Iteration I. This includes the delivery of a full review, recommendations for the future rounds of the project, and planning for upcoming initiatives in this project area.

80%

NEXTGEN INITIATIVE DEFINED

The second iteration (i.e., Iteration II) of project will serve as a milestone to confirm the project design. Demonstrate that what has been established is re-applicable. And that BBC's focus on this issue is sustainable, beyond just an immediate/temporal manner. To the extent that Iteration II produces new learnings for future rounds of Iterations I and II, as well as for subsequent Iterations, we will apply the learnings.

1. DEVELOP STRATEGY Complete 0%

0%
Description

This phase focuses on the creation of an overall strategic plan to guide the first iteration of BBCs campaign to support black owned financial institutions. It is vital that the strategy articulates:

  1. Vision, a set of statements that describe the future state of things because of this initiative.
  2. Mission, the governing purpose of the campaign.
  3. Objectives, broadly-defined market descriptions of the impact we hope to achieve e.g., growth.
  4. Goals, measurements (i.e., percentages, numerical) and dates.
  5. Tactics, the things that we will do to accomplish campaign goals.
  6. Outcomes, the specific measurements that enable us to determine the Tactics are completed.

The strategy must articulate mechanism to promote sustainability. This is particularly important for key personnel given the campaign will greatly rely on time and energy of its leaders. Likewise, the campaign must plan ways in which to sustain the overall work of BBC and by-extension, The LowdCrowd Network.

 

2. ORGANIZATION Complete 0%

0%
Description

This phase will concentrate on gaining commitment of resources for the campaign. This includes, but is not limited to:

  • Leaders
  • Team Members
  • Partners (e.g., faith-based, fraternal, etc)
  • Financial
  • Media
  • Accounting System
  • Etc.

It is vital that we formalize these commitments using such tools as Memorandums of Understanding (MOU).

3. EXECUTION Complete 0%

0%
Description

This phase focuses on efficient and effective execution of the overall campaign strategy.

4. NEXTGEN PLANNING Complete 0%

0%
Description

Once completion of this iteration is reached, we must collect, analyze, and plan for the next iteration of the process. Deriving learnings/insights is critical. NextGen might call for continuation and/or growth e.g., launching institutions.

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