Press Room & Media
AFLEP FAQ & Press Videos
On Monday, August 8, 2022 in Gallup NM, AFLEP presented to the Economic Development & Policy Committee (EDPC), an Interim Committee of the New Mexico State Legislature. The EDPC is made up of both Senators and Representatives. AFLEP was represented by Harold...
AFLEP Leadership Team Member and Albuquerque”buy local” business advocate, Clifton Chadwick shares key economic reasons why he supports the creation of a State-Owned Public Bank. March 10, 2022
Bob Mang, Re-Genesis Inc, Co-Founder (Retired) and AFLEP Board member, talks about rural economic development and how business guilds can regenerate communities.
Angela Merkert, AFLEP Executive Director, speaks about the role of public banks in a robust and sustainable New Mexico economy.
New Mexico Public Bank FAQs – The Goal for the 2022 Legislative Session: Establish a Public Bank in New Mexico. September 2021
New Mexico Public Bank FAQs – Bob Mang, AFLEP Board Treasurer, discusses why a public bank is needed in New Mexico. He explains how a public bank could help with some of the types of loans banks are reluctant to make. September 2021
New Mexico Public Bank FAQs – Bob Mang, AFLEP Board Treasurer, compares what is proposed for a Public Bank in New Mexico with the 100 year plus, public Bank of North Dakota. September 2021
By Retake Our Democracy | February 11, 2021
Angela Merkert, Executive Director of Alliance for Local Economic Prosperity spoke on Saturday with Paul Gibson on Retake Our Democracy on KSFR Santa Fe Public Radio about what a State Public Bank is, and what it isn’t.
January 20, 2021 – Alliance for Local Economic Prosperity recently gained the public support of the Albuquerque City Council. The City of Albuquerque will join the cities of Santa Fe and Las Cruces in supporting a public bank for New Mexico.
By KRQE | January 16, 2021
Watch as Dan Mayfield of the New Mexico Credit Union Association explains to KRQE’s Brady Wakayama and Stephanie Chavez that a New Mexico public bank is “a great low cost, very easy way to make sure small businesses and economic development projects, municipal projects of all kinds, can get capitol pretty quickly.”
National Public Banking
Part victory lap and part planning session for the work ahead of them, the California Public Banking Alliance’s March 30th Town Hall, The Nuts & Bolts of Opening Public Banks in California, offered valuable insights into how to win legislative approval for a Public Bank – and how to articulate the economic development benefits.
CA Public Banking Alliance’s March 30th Town Hall – Opening Public Banks in California
Eric Hardmeyer, CEO for 21 years, detailed the aspects of the Bank of North Dakota he considers responsible for its endurance and its success. To emphasize its role as a banker’s bank, he cited one of its original commitments: “To assist in the development of financial institutions and public corporations within the state.” As a result, BND has been a force to stabilize regional and community banking, saying that in the Crash of 2008, “we had no bank defaults in North Dakota. Zero!”
Watch all five of the short video introductions to public banking in the Public Banking Institute’s 2020 video series.
In the years since the financial crisis, vibrant campaigns for public banks have emerged all across the country. The time for public banks in the U.S. has come.
The Laura Flanders Show
January 22, 2019
As Jim Yong Kim resigns from the World Bank, we talk about the way central banks steer world development and for whom. Former Goldman Sachs managing director Nomi Prins, author of “Collusion: How Central Bankers Rigged the World,” and public ownership researcher Thomas Hanna believe that banking, and development, could be very different.
June 12, 2018
Public Bank NYC — Is a public bank in the financial capital of the world possible? How would that public bank help worker co-ops, students, entrepreneurs, and more? Guests from New York’s New Economy Project, Lower Eastside Peoples Federal Credit Union and Enlace discuss banking for profit to banking for people.
The Laura Flanders Show
June 12, 2018
North Dakota has a public bank – a bank that has been owned and operated by the people of North Dakota since 1919. Because of the Bank of North Dakota, the state weathered the crisis of 2008 far better than most. North Dakota has not had a single local bank failure in more than 20 years. This documentary, produced by Prairie Public Broadcasting, presents the bank’s history, its current operation, and how it benefits the state.