“People do not have the savings, the deposit, that traditional banks rely on to buy low-cost liquidity to make loans.” Hope Credit union has done that by bringing in a series of high-profile corporate members — including Netflix, PayPal and Nike — as part of a program they’re calling the Transformational Deposit Initiative.For Netflix, that investment was part of a pledge the company made to put 2% of their cash holdings, totaling about $100 million, in Black financial institutions.The major banks, where big multinational companies including ours keep most of their money, are also focusing more on improving equity, but not at the grassroots level these Black-led institutions like Hope can do.” The company created a three-part mini-series on YouTube called Banking on Us.The series explores the difficulties Black Americans have in acquiring wealth and some of the systematic racism of financial institutions, such as the hardships of Blacks in acquiring a mortgage or business loan, which are continuous barriers to economic mobility.So I will look at that as a window of opportunity, but we’ve got to maximize the opportunity.” This story is part of our series, CDFI Futures, which explores the community development finance industry through the lenses of equity, public policy and inclusive community development."