The Pan-African Credit Union is an initiative of The Jamaican Canadian Association and The Lions Circle African Canadian Men’s Association. The objective of this initiative is to establish an alternate banking option steeped in co-operative economics, to better serve black Ontarians within the Greater Toronto Region and beyond. According to the National Credit Union Association of the United States, “minority-owned and managed credit unions play a critical role in providing financial services to communities that have been traditionally underserved or unbanked.” In addition to providing financial services to individuals and businesses within the black communities in Ontario, the creation of the Pan-African Credit Union (PACU) will provide financial education on topics, such as budgeting, credit usage, and credit management, financial investment and wealth-building. PACU is committed to serving individuals and families from the Black Community, as well as, Black-owned businesses, with the overarching objective of inspiring tangible economic growth and inter-generational wealth within the Black Community.
