So we designed Common Good Bank™ as the framework for a community-based democratic economic system that can also compete effectively within the current economic system. This design combines the spirit of a credit union with the power and growth potential of a stock savings bank.
Any geographic community can have its own democratically-guided virtual bank, simply as a cooperative depositor group within Common Good Bank. Deposits, investments, and profits will be tracked separately for each community. All profits from the community's investments will go to schools and other nonprofits as decided by the members.