Mazuma Credit Union (Kansas City, MO) announced it has formed a partnership with the Urban League of Greater Kansas City, including a $10,000 donation from Mazuma presented on September 25, 2012. The donation will support the Urban League’s destination goal of wealth creation, which includes developing enhanced financial education and literacy for youth and adults residing within Kansas City’s urban core, and improved access to business development services for minority-owned businesses.
Organized in 1919, the Urban League of Greater Kansas City is a community based, not-for-profit organization focused on achieving equality and promoting socioeconomic opportunity to improve the quality of life of African Americans and others. "The Urban League is both honored and proud to be the recipient of a $10,000 investment from Mazuma Credit Union, which will further our efforts to ensure that African Americans and other disadvantaged persons secure economic self-reliance, parity, power and civil rights,” said Gwen Grant, President/CEO of the Urban League of Greater Kansas City. “Thanks to Mazuma, more urban youth will learn money management skills, and minority business owners will receive capacity building support to increase their ability to thrive in the marketplace.”
The financial education and literacy initiative will include a “Money Savvy Kids” saving program for children ages 5 to 12 years. Participants will learn the basics of money management – Giving, Spending, Saving, and Investing. After saving $25, the child will receive a matching $25 from the Urban League of Greater Kansas City to open a savings account at Mazuma Credit Union.
Additionally, the Mazuma Credit Union investment will support the Urban League’s Entrepreneurship Center initiative, which provides coaching, technical support, business plan development, financial management/analysis, legal services, marketing/branding, and other business development services for minority businesses. The primary purpose of the Entrepreneurship Center is to create jobs by increasing the number of black-owned businesses in Greater Kansas City. A key ingredient to success for minority businesses is access to capital. The Urban League will work with Mazuma to assist participating entrepreneurs with small business loan applications.
“The Urban League of Greater Kansas City is a remarkable organization that builds communities and uplifts people by working to ensure equality in all phases of life, from financial and general education to social programs, work programs, and community outreach,” explained Mazuma president/CEO Brandon Michaels. “Their work is vital to a vibrant and prosperous Kansas City and Mazuma takes great pride in supporting these efforts. This valued partnership is an honor for us and a natural extension of Mazuma’s ‘people helping people’ philosophy.”Photo Caption: Mazuma Credit Union CEO Brandon Michaels presents a check to Gwen Grant, President/CEO of the Urban League of Greater Kansas City, and Lynn Matthews, Mazuma Supervisory Committee Member and Urban League Volunteer. Mazuma’s partnership with the Urban League of Greater Kansas City will support local initiatives in financial education and literacy, plus improved access to business development services for minority-owned businesses.