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BOTTOMLINE: DO WE NEED/WANT OUR OWN CREDIT UNION?

Publisher’s Commentary by Wallace J. Allen

What do you think about owning a Credit Union? Will you please take the time to respond to the short survey on page three and submit as requested…

Here is what I think…

Credit Unions are owned by their members. Credit Unions are designed to reward their members as opposed to paying dividends to investors. Credit Unions provide regular/normal/customary/traditional banking services for individual, as well as business members. Credit Unions are conveniently accessible via brick and mortar sites, as well as via the internet. 

There are some special services that should be available in our Credit Union; for instance, our churches should be able to access loans. Our small businesses should be able to access loans. Individuals should be able to access auto and home loans. Obviously, checking and savings accounts must be part of the package. All this must be conveniently available at reasonable rates! 

The Credit Union should have Directors that are known members of our community. The Credit Union should run as lean and efficient as possible so that the emphasis is on customer service. Employees and contractors for the Credit Union should be members of our community.

A mission of the Credit Union should be to serve the members and community as an economic support and development resource.

Bottomline: HOW TO SUPPORT BOB By Eating A Big Mac!

Publishers Commentary by Wallace J. Allen

Greetings and Merry Christmas! As we enter this season of holidays and goodwill, I encourage you to remember the importance and impact of where you spend and invest your money. Please, all of you, regardless of your race ethnicity or political persuasion, help balance America’s economic opportunity by supporting Black Owned Businesses (BOB) whenever possible. There are jobs that follow your spending and being that the Black unemployment rates are the highest, spending with BOB creates potential employment opportunities that otherwise do not exist for some Black males. There are several Directories of Black Owned businesses on the web. Google, “Black Owned Business Directory” and you will find a variety of directories.

As we ask your participation in supporting the economic wellness of America via supporting BOB, we will make it easier for you by highlighting businesses in the Inland Empire.

This week we are highlighting a familiar face and place. Most of us can find the time and appetite to patronize McDonalds. Yes you can support BOB by eating at certain McDonalds restaurants! The following list of McDonalds restaurants is owned and managed by Webb Family Enterprises.

Reginald Webb, the founder and patriarch of Webb family Enterprises will be my guest on this Sunday’s “Empire Talks Back” (ETB) radio show. Listen to the program at 10: 00 AM via 1050 AM in San Bernardino/Loma Linda, 102.3 FM in Riverside/Moreno Valley and 106.5 FM in Redlands/Yucaipa.

The program streams live video via www.kcaaradio.com

Webb Family Enterprises Addresses… Look for the Golden Arches
2200 N. Garey Ave Pomona, CA 91767
30 Rio Rancho Rd Pomona, CA 91766
832 N. Mountain Ave Ontario, CA 91762
860 S. Indian Hill Blvd Claremont, CA 91711
9147 Central Ave Montclair, CA 91763
1107 E. Fourth St Ontario, CA 91764
14008 Ramona Blvd Baldwin Park, CA 91706
1830 N. Hacienda Blvd La Puente, CA 91744
445 E Holt Ave Pomona, CA 91767
225 W. Valley Blvd Colton, CA 92324
8701 Baseline Rd Rancho Cucamonga, CA 91730
12549 Foothill Blvd Rancho Cucamonga, CA91730
4310 Mills Circle Ontario, CA 91764
3160 Baldwin Park Blvd Baldwin Park, CA 91706
1575 E. Highland Ave San Bernardino, CA 92404
461 S. Vincent Ave West Covina, CA 91790
8070 Monet Ave Rancho Cucamonga, CA 91739

Bottomline: Time To Play Our “Trump” Card

Publisher’s Commentary By Wallace Allen IV

Today, and every new day presents an opportunity to choose to attempt to go forward or to quit or possibly do something in between. The President Elect, Donald Trump, said things that some will find encouraging. He will rebuild the inner city and African American Community, build bridges and highways and create jobs, and he has not at this writing, mentioned building a wall!

However, many people are disappointed and possibly afraid of the Trump Presidency. I suggest that depending on government action is risky business even when you feel good about who is elected. Life is surely stressful if you feel disrespected by them. I suggest that the election of Donald Trump can and must become a good thing, and to assure our community’s success, we must play our “Trump” card!

Economic issues confronting our community require that concerned and talented community members visualize and effect plans that acknowledge our resources. Demonstrating respect for our resources and potential is a big but very achievable step. Consider that our churches deposit a estimated $500,000,000 per Monday. That deposit is not being levered. Additionally, our trillion dollar annual buying- power is promptly diluted by our propensity to immediately spend it outside of our community. Correcting that bad habit will change things very quickly. Circulating money is how a community grows itself. There can be safety and security in numbers. A community that successfully utilizes its member resources will find that others outside their community will respect that accomplishment and want to work with them also. Whether the President Elect is somehow able to do something for us or not, controlling our resources can be more beneficial than any government program.    

That a group of people can spend a trillion dollars a year and not be economically viable is a demonstration of inappropriate behavior. The fact is, behavior is something that can be corrected. In the ‘games of life’ we know that doing the unexpected, the unusual, can lead to triumph. Our community will find economic triumph by doing the unexpected, the unusual. Focusing on levering our resources and ‘vesting our money in developing our community’ is indeed, an unexpected change and definitely appropriate behavior!

In this game of economics, changing from a random, suicidal spending attitude to a focused buying/spending strategy is in effect, “playing our Trump card”!