A congregation of clubs: Salem Baptist Church of Chicago has made investing part of its gospel of economic empowerment. (Investment Clubhouse).(Brief Article)

Black Enterprise | June 1, 2002| | Copyright

In 1998, the Salem Baptist Church of Chicago came up with a five-year plan to help members of the congregation eliminate debt. Two years into the plan, the church started receiving reports that many of the members had made drastic improvements. It was then that Rev. James T. Meeks and others decided to teach members about investing, including lessons on running an investment club.

For seven consecutive Monday nights, roughly 1,100 people attended classes in partnership with the National Association of Investors Corp., the Madison Heights, Michigan-based trade group ...

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