Posts Tagged ‘Jerry Ortega’

Arroyo Time Bank: People Helping People

Time is money
Time can be a valuable currency

The credit union motto is “People Helping People” and that’s what our new community partner, Arroyo Time Bank is all about.  Learn more in this informative Guest Blog:

What is Time Banking?

At its most basic level, time banking is simply about building community one hour at a time by doing something for someone else in the community. That hour is recorded in the time bank, then you get an hour to spend on having someone help you. It’s a simple idea, but it has powerful ripple effects in building community connections. Have you ever wished you had someone to help you get something done during your day? In a Time Banking community, your neighbors help you get it done.

Our Relationship with Money and PCFU

Pasadena Federal Credit Union (PCFU) and the Arroyo Time Bank (ATB) both value community and work to strengthen the community as a whole, which is why we chose Pasadena Federal Credit Union as our financial institution. 

    Currency, at its most basic level, is a medium of exchange, a way to get things or get things done. As such, using time as a currency is complementary to what you do with your regular currency (U.S. dollars). Instead of banking on the gold standard, time banking uses the “friendship standard” to create an alternative currency. Your investment in your relationships creates your earning and spending capacity.

As a banking institution, PFCU supports and builds the community through community oriented lending practices and community service. A time bank like ATB builds one-on-one relationships in the community through reciprocity. This reciprocity is tracked through the earning and spending of time credits. 

Time banking is not intended to replace money. It is intended to build community, providing a safety net of friendship for us all.

Five Core Values

There are five core values in time banking. First, we are all assets. We believe that every human being has something to contribute.

Second is redefining work, the concept that some work is beyond price; valuing whatever it takes to raise healthy children, advance social justice, and make the planet sustainable. That kind of work needs to be honored, recorded, and rewarded.

Third is reciprocity. Helping works better as a two-way street. We can help each other build the world we both will live in.

Fourth is building social networks. We need each other. Networks are stronger than individuals. People helping each other reweave communities of support, strength and trust.

Fifth is respect. Every human being matters. Respect underlies freedom of speech, freedom of religion, and everything we value. Respect supplies the heart and soul of democracy. When respect is denied to anyone, we all are injured. Time Banking honors the unique gifts, talents and resources that each of us has to share, regardless of age, employment or ethnic background.

Our Projects
      The Arroyo Time Bank pioneers and supports several community-wide projects to fit the needs of our diverse community. These include the following: the Neighborhood Fruit Picking Project, the Altadena Urban Farmer’s Market, and the Neighborhood Resilience Project at the Armory’s Madison Casita.
 

For more information on Arroyo Time Bank events, projects, and for instructions on how to join, please visit the Arroyo Time Bank website  AND, Arroyo Time Bank members are now eligible to join PFCU!