Posted on August 24, 2012 • Posted in Philanthropy

“There isn’t a place to get nonprofit people together to talk about finance and strategy.”

Many of you probably agree with Jan Masaoka, CEO of the California Association of Nonprofits. Even if your Board is stacked with CPAs, investment bankers, and others with valuable experience in finance and if you’ve got an MBA on staff, working with banks can be frustrating.

‘Nonprofits are redlined out of credit … The banks don’t get us. They don’t understand the nonprofit business model.’

A new group, American Nonprofits, hopes to change that, among other things.

According to The Chronicle, one of their goals is to create a credit union that will cater to the unique needs of nonprofits and the people who work for them.

There has been progress on this credit union, and an important next step is a survey of nonprofit professionals to determine what services are needed the most.  This survey will be used to develop a business plan for the credit union.

If you want to participate in this survey, simply visit Blue Avocado and sign up to receive their emails.  To follow the progress of this initiative, visit American Nonprofits.