A financial institution for African immigrants and African Americans opened Monday in St. Ann to help Black St. Louisans and African communities build wealth, strengthen their families and create opportunities.
The African Diaspora Federal Credit Union was established by the African Diaspora Council Inc., a local cultural organization. The credit union will allow its members to pool their resources and personalize the financial services they receive from the institution.
This credit union is important for Black and African communities, because many do not trust larger financial institutions due to their deeply rooted history of systemic racism, said Michael Anani, CEO of African Diaspora Federal Credit Union…