| A unique way
to meet your financial goals and your social concerns. With a Socially Responsible Banking Fund® (SRB)
account your deposits are used exclusively to fund loans
for affordable housing, environmental and conservation
projects, agriculture and education, as well as community
businesses.
How the SRB
Fund Works
When you choose the SRB Fund, your
FDIC-insured deposits are loaned to local individuals and
companies which make positive contributions to the
environment, their communities and their employees. We
will not support companies with negative records in
energy, employee relations or the environment. Nor will
we support alcohol, tobacco, gambling or weapons
production.
In addition, deposits, loans and cash
balances in the Socially Responsible Banking Fund® are
managed separately from other bank funds to ensure that
your deposits are used exclusively for socially
responsible lending. Our SRB Community Advisory Board,
comprised of community leaders committed to socially
responsible business practices, provides us with insight
on the lending issues facing local communities.
The SRB Loan
Program
To give you a better sense of how your
deposits are used, here’s a review of the five major
lending areas of the SRB loan program and the eligible
recipients of financing.
Provides low- and
moderate-income families access to credit to secure
affordable housing; also provides financing to
community groups, non-profit developers and
private/public partnerships that make housing more
readily available to families.
Special emphasis is placed on
housing organizations and projects that provide
permanent affordable housing.
Eligible projects include
single-family homes, community land trust properties,
limited equity co-ops and condominiums, transitional
housing and shelters, elderly housing, rental housing
and mobile and manufactured homes.
- Environment and Conservation
Provides financing to
individuals and enterprises that seek to have a
positive impact on the environment.
This includes projects committed to
the long-term responsible use of land, conservation
projects and enterprises which provide innovative
models for environmental companies and those using
appropriate energy technologies.
Secures financing for
organizations and individuals offering ownership
opportunities for family farms and agricultural
enterprises that promote sustainable agriculture.
Emphasis on assisting
community-based agricultural projects or programs
developed by non-profits or agencies that assist
low-income farm families. The SRB Fund also provides
financing for land acquisition and equipment and
working capital for projects that utilize innovative,
sustainable and environmentally sound models of
family farming or agricultural enterprise.
Provides financing to help
improve the education system by assisting individuals
or institutions which provide high-quality innovative
organizational or curriculum development models.
Special emphasis is placed on those
organizations which provide daycare services,
educational consulting, curriculum development
services, alternative education options for
low-income or special needs students.
Assists local businesses
and communities with their financial needs.
An emphasis is placed on dual
bottom line businesses —those with both a
financial and social bottom line, community
facilities—projects which provide benefits to
local communities, women- and minority-owned
businesses, and those businesses and non-profit
organizations working in the other four SRB Fund
lending areas. Also emphasis on businesses providing
creative models of ownership and operation and those
that provide jobs, training, educational benefits or
a product or service to low-income members of the
community.
SRB: A
safe and sound investment
Socially Responsible Banking Fund®
accounts earn the same interest rates and have all the
same great features and benefits of our other accounts.
All depositors are covered by FDIC insurance up to
$100,000.
Choose from personal checking and
savings accounts, money market accounts, certificates of
deposit—even retirement accounts. Businesses and
non-profit groups can also have their deposits designated
for SRB.
Checking
- Free Checking
- Regular Checking
- Premier NOW
- 62+ Checking
- Breakaway Checking
Savings
- Basic & Minor Savings
- Money Market and Premier Money
Market
- Certificate of Deposit
- Educational Funding Program
- Individual Retirement Account
(IRA)
- Simplified Employee Pension
Plan
(SEP
Business and non-profits
- Checking
- Super NOW
- Business and Premier Business
Money Market
- Employee Banking
- Sweep Accounts
VISA® Card for Kids™
- In addition to the array of
Socially Responsible Banking® deposit
account options, we also offer a VISA® card
that donates 1% of your monthly purchases to
worthwhile children’s organizations.
It’s a great way to support kids in our
communities.
You’ll also get a newsletter and financial report to keep you up to date on
how your money is being used.
For more
information about the Socially Responsible Banking Fund,
stop by any of our convenient offices, e-mail us, or call us at 1-800-772-3863.
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