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Common Goods
Common Good Credit System

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Administrator Information
Name William Spademan
E-mail Address info@commongoodbank.com
Position / Job Title Administrator
First Language English
Second Language French
Organization Common Good Bank
Organization Type Community-Based Organization (Unregistered)
URL Address commongoodbank.com/localcurrency
Currency System Information
Status Operating
Community Western Franklin County Massachusetts
Country United States
Medium of Exchange Check, Member Card, Telephone, or Internet
Unit of Value Units of Commodity / Resource
Valuation Contract Agreement to Accept Currency
Cost-Recovery Mechanism
  1. FREE - No Charge
  2. Positive Interest on loans in local currency
Source of Funding External Funding
Purpose for Establishing System Economic Justice
Population of Area Served by System 12,000
Main Goods and Services Traded
  1. Same as in the society at large.
Additional Information

This system is schedule to start in 2009. It will be a costfree, laborfree, interest-free, inflation-free complementary currency, benchmarked against the U.S. dollar, managed by a state-chartered community savings bank dedicated to the common good. Members of the bank participate effortlessly, without conscious awareness: for example, when one member writes a check to another member, as much of that transaction as possible is conducted in the complementary currency, the rest in dollars.


Designed by Stephen DeMeulenaere
and Programmed by Albert Fløde
Feedback may be sent to stephen @ complementarycurrency.org