$600,000, which is reflected in the pro-forma projections.

Persons who live, work, worship, attend school, participate in programs to alleviate poverty or distress, or participate in associations headquartered in; and businesses and other legal entities, incorporated and unincorporated organizations located in, or maintaining a facility located in the low-income community of the Memphis, Tennessee Mississippi-Arkansas Combined Statistical Area including Crittenden or St. Francis Counties, Arkansas; Fayette, Shelby, or Tipton Counties, Tennessee; Benton, Desoto, Marshall, Tate, or Tunica Counties, Mississippi.

Additionally, any relative of the above (Grandparents, Parents, Siblings, Children, Grand Children, including all Step) regardless of where they live.

The capital campaign has just started. We will keep everyone involved updated.

The short answer is yes.  However federal regulations change often.  Therefore we acquired a mentor commitment from Trust Federal Credit Union to help us with implementation and operations.

We conducted demographic research required by the NCUA before receiving preliminary approval, followed by an extensive membership survey and 19 page analysis.

In addition to the mentor credit union, our team consists of entrepreneurs, accountants, attorneys,  and retired credit union employees. We are also working with the Tennessee Credit Union League (TCUL), the trade association for 134 Tennessee credit unions, and Inclusiv, a national credit union association with 450+ credit union members. .

We need credit union advocates to:

1. Help drive awareness about the credit union difference.
2. Help recruit donors to help us reach our goal of $600,000.
3. Help support financially through a capital donation commitment.
4. Help support the need for financially healthier Mid-Southners.

We believe that the Fair Break Federal Credit Union can truly make an impact on the financial health of member-citizens and their communities.