WASHINGTON -
Members of the African-American Credit Union Coalition have pledged to raise half of that, $1 million. The coalition has already received pledges for about $280,000 for the project, which is slated for completion in 2008.
The drive on behalf of the credit union group is being spearheaded by Herbert Hoosman, president of Vantage CU, in Bridgeton, Mo., and one of the organizers of the African-American CU Coalition.
Plans call for a statue and memorial to be built on the National Mall, near the Lincoln Memorial. The credit union donation is expected to be contributed to a $34-million trust fund that will pay for maintenance of the memorial.
The total cost of the project, including design, construction and maintenance is projected at $100 million.
Organizers of the memorial are still awaiting approval from the National Park Services, which oversees the National Mall.
