AME Church, Black Bankers to Launch Coalition

Vashti McKenzie
**FILE** AME Church Bishop Vashti McKenzie (Courtesy photo)

Bishop Reginald Thomas Jackson, president of the Council of Bishops of the African Methodist Episcopal Church, and 20 bishops of the 231-year-old denomination will hold a press conference Tuesday to announce the launch of a coalition for the economic empowerment of Black banks and Black communities across America.

The press conference, slated for noon at the Hilton Atlanta in Georgia, lists among highlights of the 2018 Council of Bishops and general board meeting.

In addition to Jackson, featured speakers at both the announcement and signing will include Bishop Vashti McKenzie, general board chair, and Ron Busby, president/CEO of U.S. Black Chamber Inc.

The goals of the partnership align with objectives of Black Wealth 2020, a national movement to increase Black prosperity. In doing so, the organization aims to:

• Reach a 50 percent home ownership rate among Black Americans.

• Increase the number and gross receipts of Black businesses from 2.6 million to 4.0 million, and revenues from annual gross receipts of $72, 500 to $150,000.

• Increase deposits and quality loans with Black banks.

The membership of the AME Church, which represents approximately 3 million congregants, includes more than 6,000 churches in the U.S. and 10,000 worldwide.

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