Our revolutionary community-created money, RCredits, is designed to be able to flourish as a stand-alone system. But what about using major credit cards, ATMs, checks, and other bank services that we are used to? How can we connect locally-created money and local democratic control with the infrastructure of mainstream society?
Common Good Accounts! Any chartered bank or credit union can offer Common Good Accounts as an option to its members. This design overcomes the restrictions on credit unions -- combining the spirit of a credit union with the power and flexibility of an FDIC-insured stock savings bank.
With Common Good Accounts, just as with RCredits, any geographic community can have its own democratically-guided piece of the bank, simply as a depositor group. Deposits, loans, and profits will be tracked separately for each community. Deposits can be made in either RCredits or US Dollars and exchanged automatically, one for the other, as needed.
You can help make RCredits and Common Good Accounts a reality by joining us as a Founding Member today.
Real democracy. Real money. Real power. Join Us!