A bank is a bank is a bank, right? Well not if it's a community development bank. Community development banks, also called community development financial institutions, are federally insured banks that "have a primary mission of promoting community development" through "stimulating the local economy, creating jobs, and improving the quality of life in low-income neighborhoods." What a great purpose!
When you do business with a community development bank you automatically support their mission since profits are directed into local community development programs. So visit a branch or website for a community development bank in an area you care about. Then open an account. If you prefer, you can make a direct donation to the programs the banks supports. Either way, your money will work for a better future in a community you love.
"You can't live a perfect day without doing something for someone who will never be able to repay you." -John Wooden, sports coach
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