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Coop Fed Stands with Standing Rock
On November 30, 2016, Cooperative Federal's Board of Directors unanimously passed the following resolution in solidarity with the Standing Rock Sioux people.
Our board further resolved that all members who join Coop Fed in order to boycott the banks financing the Dakota Access Pipeline will have their New Member Fee ($10) donated to the Standing Rock cause,* along with personal donations from Board members and a $100 donation from the credit union. Click here to download your Swith Kit today!
Cooperative Federal Supports the Standing Rock Sioux
Cooperative Federal fully supports the sovereignty and rights of the Standing Rock Sioux and stands in solidarity with the Lakota peoples’ struggle to protect their people, land and water from the hazards posed by the Dakota Access Pipeline and the fracked crude oil that it would transport.
We stand apart from the corporate banks and other for-profit financial institutions that have massive investments in Energy Transfer Partners and in the fossil fuel industry in general.
Cooperative Federal chooses instead to invest in our community, in the lives of our member-owners, and in the cooperative movement. We have deployed over $130 million in local business, homeownership, and other financial needs of the communities we serve.
And Cooperative Federal rejects the actions of law enforcement in favoring the interests of Energy Transfer Partners and the fossil fuel industry over the rights of the land’s inhabitants. We urge our government to respect the sovereignty of the Standing Rock Sioux, whose right to peacefully protest has been unjustly met by a militarized police force and the use of brutality.
We call on our members, our supporters, and people everywhere to join us in taking a stand with the Lakota peoples, to find ways to support them in this struggle, and to move your savings and loans away from big corporate banks and to where your financial relationships will be part of the solution.
*Offer for members joining through 12/31/2016. To have your fee donated, tell your Member Service Representative that you are joining Cooperative Federal in order to withdraw your support from the banks supporting the DAPL. The Board of Directors' Social Action Committee will conduct due diligence to determine the specific recipient of the donated funds.