VACU Sponsors Black History Museum & Cultural Center Exhibit
(Richmond, Virginia – July 25, 2017) – Virginia Credit Union is a sponsor for an exhibit at the Black History Museum and Cultural Center of Virginia that marks the 20th anniversary of a legal case that helped to end a pattern of racial discrimination in homeowners insurance.
The “Redlining in Richmond: HOME vs. Nationwide” exhibit and film document an historic case that changed the insurance industry. “Redlining in Richmond” tells the story of how a small fair housing organization successfully challenged one of the largest companies in the homeowners’ insurance industry for the practice of redlining which discriminated against African-American neighborhoods.
The resulting benefits of the case were two-fold: discriminatory practices were held to be legally and morally wrong, and were also shown to be harmful to the industry’s profitability. Because of the case, urban residents with the potential to be good customers have greater access to homeowners insurance, and the industry has reaped benefits by expanding their business into new markets.
The exhibit opened July 20 and runs through October 13, 2017 at the Black History Museum and Cultural Center, 122 W. Leigh Street in Richmond.
The exhibit highlights the work of Housing Opportunities Made Equal (HOME)
, which was founded in 1971 to fight discrimination and segregation in housing. HOME works to promote financial literacy and the proper use of credit. In 2016, HOME provided counseling and fair housing services to 2,392 families across Virginia.
Virginia Credit Union is a supporter of HOME’s work and partners with the organization on several initiatives in the community
A financial cooperative serving more than 254,000 members, Virginia Credit Union offers a variety of affordable banking services, loans, mortgages, and free financial education resources, with a focus on helping people be more confident with their finances. Virginia Credit Union is an equal housing opportunity lender and is federally insured by NCUA.
Glenn Birch | email@example.com | (804) 560-5664