The Gorge Local Currency Cooperative (GLCC) is in the process right now of developing a local "Time Bank".
A time bank is a system where members can trade their services with each other. The amount of time one spends working in the service of another is tracked and stored on line in a virtual time bank. These hours can then be exchanged for services from another member of the system.
For example: If you work four hours raking another member's leaves, those four hours will be entered by you to your on line account. Your account will then show four hours of credit, and the receiving member will show a debit. Now you can take those hours or any portion thereof and spend them with any other service provider who is a member of the system.
Time banks are becoming very popular all around the world. You can explore other time banks and concepts by visiting www.hourworld.org. Check the FAQ's for answers to all your questions about time banks. If you would like to join our exchange while you are exploring the FAQ's click on JOIN and scroll to OR-Gorge Time Bank and fill out the application. We are very excited about this new program. Please join us!
A time bank is a system where members can trade their services with each other. The amount of time one spends working in the service of another is tracked and stored on line in a virtual time bank. These hours can then be exchanged for services from another member of the system.
For example: If you work four hours raking another member's leaves, those four hours will be entered by you to your on line account. Your account will then show four hours of credit, and the receiving member will show a debit. Now you can take those hours or any portion thereof and spend them with any other service provider who is a member of the system.
Time banks are becoming very popular all around the world. You can explore other time banks and concepts by visiting www.hourworld.org. Check the FAQ's for answers to all your questions about time banks. If you would like to join our exchange while you are exploring the FAQ's click on JOIN and scroll to OR-Gorge Time Bank and fill out the application. We are very excited about this new program. Please join us!