Get a Better Bank
Put your savings to work building the local green economy. Break Up With Your Mega-Bank and switch to a community development or green bank or credit union.
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Community development banks are for-profit banks dedicated to advancing economic development in areas with people who earn low to moderate incomes and who are under-served by traditional financial institutions. Make sure your bank is federally insured: FDIC.
Credit cards issued by community development banks or credit unions support these institutions’ missions and are sometimes co-branded with, and benefit, non-profit organizations as well.
Community development credit unions are credit unions dedicated to advancing economic development in areas with people who earn low to moderate incomes and who are under-served by traditional financial institutions. A credit union differs from a bank in that it is a not-for-profit co-operative and serves a particular constituency or membership, such as people in a certain geographic area or people in a certain profession. Make sure your credit union is federally insured: NCUA
Community development loan funds are usually not-for-profit organizations that provide loans and support services to businesses, groups, and individuals in low to moderate income communities. Most community development loan funds are focused on one or more of these areas: micro-small business, affordable housing, and community service organizations. Community development loans funds are uninsured (you are not insured against any losses of your deposits).
Learn how to break up with your megabank.
You don’t have to be rich to be a social investor. All you need is the will to use your money to support your values—and the kind of world you want to see for the future. People who bank and invest in a socially responsible manner arguably have never been more important to the health of humanity and the Earth.
If you are not finding a financial institution that meets your needs from our database, you can use the links below to search a larger field of small banks and credit unions. Remember, while any smaller bank will have far less negative impacts than a megabank, you may not approve of all of their
Victory
Approximately $6 trillion in assets, 60,000 individuals, and 800 institutions have pledged to divest from fossil fuels.
This divestment movement, which started in 2011, is strong and growing substantially.
Statistics from GoFossilFree.org. Graph…
Green Living
Did you know your retirement and investments are probably funding dirty fossil fuels? Switch to these better clean funds that support your values and our future.
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Banks
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Have you ever wondered, what do I have to do to be a socially responsible investor? Is there a minimum commitment? What’s on the sustainable, responsible and impact investing (SRI) horizon? Green America’s executive co-director Fran Teplitz spoke…
We know we need to put an end to the scourge of gun violence in our country. Young people are taking the lead in calling on all of us to do our part. Every sector of society has a role to play—including the financial sector.
As a green…
November 28, 2017
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