Category: Community Partners
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How Community Banks Help Communities Bounce Back After Disasters
Disasters leave more than physical damage in their wake. Families are displaced, small businesses close their doors, and entire communities are left wondering how they will rebuild. Federal aid often arrives quickly, but it can only go so far. Once the initial response ends, there is often a gap between short-term relief and long-term recovery.…
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Investing in Healthcare Education in South Arkansas
In Arkadelphia, Arkansas, access to healthcare isn’t always guaranteed—and neither is access to the workforce needed to provide it. To address both gaps, Ouachita Baptist University (OBU) launched a full-track nursing program, one of only a few in the state, to strengthen the region’s pipeline of skilled healthcare professionals. But establishing a program of this…
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The Unsung Backbone: How Community Financial Institutions Support Childcare and Adultcare Providers
By Tamra Thetford In the intricate community infrastructure web, childcare and adultcare services often operate behind the scenes, yet they are foundational to economic stability and social well-being. These services enable parents to participate in the workforce, support the aging population, and foster intergenerational connections. However, providers in these sectors frequently encounter financial hurdles that…
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Social Determinants of Health and Community Finance
By Tamra Thetford The social determinants of health (SDOH) are the non-medical factors that influence health outcomes. They include the conditions in which people are born, grow, live, work, and age, and they shape overall well-being just as much—if not more—than medical care. Community Financial Institutions address the social determinants of health by investing in…
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How One Credit Union Is Helping Families Avoid Foreclosure and Stay in Their Homes
When a Crisis Hit, a Mission-Driven Financial Institution Stepped In The pandemic disrupted lives across the world—and for Christine V., it was the spark that set off a chain of challenges. She lost her job, her kids got sick, and over time, she found herself more than $33,000 behind on her mortgage payments. On the…
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Disaster Recovery in Action: The Role of PCAP Loan Fund in Western North Carolina’s Resilience
Natural disasters disrupt lives, destroy infrastructure, and leave communities grappling with recovery. In their aftermath, the limitations of national disaster response mechanisms, like FEMA and SBA Disaster Relief, become clear. While essential, these programs take time to mobilize, leaving communities with urgent needs. In these critical moments, mission-driven financial institutions like Partner Community Capital (PCAP),…
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Meet Carver Federal Savings Bank, The Harlem-Headquartered CDFI Offering Tailored Small Business Lending
Lloyd Doaman has dedicated his life to community development. He began his career in finance at JPMorgan Investment Management before pivoting to community development financial institutions (CDFIs), where he helped to provide access to capital and technical assistance to small businesses, nonprofits, and credit unions. Over three years ago, Lloyd had the opportunity to join…
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Great Lakes Credit Union: Filling a Banking Desert in Chicago’s Austin Neighborhood
The Austin neighborhood on Chicago’s West Side, home to nearly 100,000 residents, has long been a financial services desert. For decades, its residents were forced to rely on predatory payday lenders or travel outside their community to access basic financial services. This lack of access perpetuated cycles of poverty, leaving residents vulnerable to financial insecurity.…
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Meet Piedmont Community Services, The Behavioral Health Service Provider Taking Care of Its Community
Greg Preston always wanted to return to his hometown and give back to his community. At first, Greg worked at the local Department of Social Services. Now, 25 years later? Greg is the organizations executive director.
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At Hope Credit Union, Climate Change Is The Deep South’s Wealth-Building Opportunity Of A Lifetime
When it comes to our shared climate reality, Hope Credit Union’s members are familiar with the ever-expanding narrative. After all, they’re living it. Across the Deep South, summers are getting hotter, power outages are becoming more common, and electric vehicles (EV) are being plugged into more and more homes. Members, however, aren’t just experiencing these…