Why A Performing Arts Credit Union?
Performances often require upfront capital to produce. That seed money is becoming increasingly more difficult to come by. Our mission is to facilitate funding for and raise awareness of the Performing Arts. We want to make it easier for Performing Artists to purchase necessary equipment, make capital improvements, and produce events.
Become a member of PAFCU and enter a world of built-in funding models from low-interest loans to grants to high-yield savings accounts (which also work as a loan and investment tool). We require a minimum savings account balance for every member, so you can make money on your own money thru interest-only term loans.
Being a member also gives you access to our crowdfunding platform, VolkFunding. VolkFunding offers funding mechanisms such as P2P lending, donations and rewards. Funds from these investments will be held in a PAFCU escrow account (where the Producer will earn interest) until the minimum Offering amount has been reached. At that point a “Closing” will be held and Producers will receive all funds.
Both Investor and Producer need to be PAFCU members.
By virtue of the escrow holder (PAFCU) being a credit union and not a payment processing company, VolkFunding can offer the project a savings of 2.5% by waiving 3rd party money handling fees.
These types of investment opportunities are only available on our crowdfunding platform. You will need to register as a user on the platform if you would like to invest.
We offer tools for budgeting, savings, credit, and debt management. Support from PAFCU helps you start your business. Putting your earnings back into PAFCU will help others do the same.