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More and more community financial institutions are courting nonprofits as customers, offering loans and other products and services. In this article, PCBB discusses some of the unique financial needs of nonprofits and provides examples of how some CFIs are working with these customers.

Nonprofits can easily be overlooked when it comes to financing and deposit needs. PCBB talks about some of those needs in this article. Give it a read!

Financial literacy is a cornerstone for success not taught in schools.

The Centre for Financial Capability found that helping families talk about money is effective at building long-term financial literacy and resilience for parents, guardians and children 💷 The financial education charity, has also launched a new online survey to support community based charities with a longer-term solutions to develop families and young people’s money management skills. How else can parents and guardians support financial literacy for children? Read more FE News 👉 #FinancialEducation #Banking

This Bank Waived Everything for Our Cause. Here's Why Others Should Too. Finding the right bank for our Empowered Community, Inc. nonprofit was challenging: hidden fees, high minimum balances, limited banking services, and feeling like a number, not a cause. But I was curious if building relationships could still happen. So, I walked into a local bank despite their $2,000 minimum daily balance requirement. I took a chance on Brian, a young manager who understood our mission: helping young adults thrive. Turns out, he'd bought a house at 26 and truly understands today’s struggles. We connected and saw an opportunity to team up for community impact and exposure. We could offer financial literacy workshops and develop practical plans for people and small businesses. I asked for no fees, no minimums, full service - the essentials for our programs. He listened, understood, and waived it all. This wasn't just about banking; it was about building a mutually beneficial relationship, a rarity in a world obsessed with profit. More businesses need to follow Brian's lead, connect with their communities, and empower each other to succeed. Consider this when doing business. #nonprofit #community #financialempowerment #banking #humanconnection #empoweredcommunity P.S. Brian, You're a Rockstar! 🌟

This Bank Waived Everything for Our Cause. Here's Why Others Should Too. Finding the right bank for our Empowered Community, Inc. nonprofit was challenging: hidden fees, high minimum balances, limited banking services, and feeling like a number, not a cause. But I was curious if building relationships could still happen. So, I walked into a local bank despite their $2,000 minimum daily balance requirement. I took a chance on Brian, a young manager who understood our mission: helping young adults thrive. Turns out, he'd bought a house at 26 and truly understands today’s struggles. We connected and saw an opportunity to team up for community impact and exposure. We could offer financial literacy workshops and develop practical plans for people and small businesses. I asked for no fees, no minimums, full service - the essentials for our programs. He listened, understood, and waived it all. This wasn't just about banking; it was about building a mutually beneficial relationship, a rarity in a world obsessed with profit. More businesses need to follow Brian's lead, connect with their communities, and empower each other to succeed. Consider this when doing business. #nonprofit #community #financialempowerment #banking #humanconnection #empoweredcommunity P.S. Brian, You're a Rockstar! 🌟

Working with communities and community-based organizations is part of our mission at Community Bank of the Bay. We’re proud to be the bank of choice for nonprofits like the Rose Foundation that want a financial partner who aligns with their vision and values. The Rose Foundation for Communities and the Environment is an Oakland-based nonprofit that supports grassroots initiatives that empower individuals, organizations, and communities to promote stewardship of environmental causes, inspire people to take action, and hold government and corporations accountable. When asked why the Rose Foundation (https://rosefdn.org/) chose CBB as their bank, President, Senior Program Advisor & Co-Founder Jill Ratner answered, “We started working with Community Bank of the Bay because we wanted to invest in our community, and we still do.” Executive Director and Co-Founder Tim Little added, “We want a bank that will pay us community dividends and put our money to work back in the community.” The alignment between their mission and ours was clear. As the first bank in California to be certified as a Community Development Financial Institution (or CDFI), #bankcbb is dedicated to responsible, affordable lending that enables both local businesses and disadvantaged communities to participate in the local economy. We offer Rose and other nonprofits special interest-bearing checking accounts, flexible financing, and savings options customized to their needs. CBB has been mission-driven from the start and we are proud to support nonprofits like the Rose Foundation to further our collective impact on the environment. Learn more about how #bankcbb can support your nonprofit’s mission at bankcbb.com. #BayArea #Oakland #sustainability #environment #nonprofit #foundation

Finding the best banks for nonprofits means looking at the entirety of what each institution offers. While making your decision, look closely at the most important factors that impact how a bank meets your needs. #SmallBusiness #SmallBusinessOwner First Citizens Bank

We are so grateful for the support of U.S. Bank of the #AmericanConnectionCorps and Lead For America. The U.S. Bank Foundation recently distributed $15 million in grants from the U.S. Bank Foundation Opportunity Fund to increase wealth-building opportunities for low- to moderate-income (LMI) communities, including rural and Native American communities and communities of color. ACC Executive Director, Taylor Stuckert, AICP, shares, "The digital divide is multidimensional and nuanced. It's about more than just gaining access to broadband –it's also about how you're able to translate connectivity into real prosperity for your community. This requires new leadership in a number of sectors – economic development, health, education, agriculture, natural resources, and more – to be both civically capable and digitally fluent, and ACC brings that possibility to life.” We are grateful to the support of our community partners like U.S. Bank to continue serving communities across America through our programs like the American Connection Corps.

The collapse of regional banks, like Silicon Valley Bank, and first republic affect more than the banking system, and Wall Street. These disruptions impact the communities and organizations these banks serve. The National Diversity Coalition was recently interviewed by San Francisco Business Times, featuring our Board Chair, Pastor Andre Chapple. We discuss the collapse of SVB and acquisition of First Republic and the ramifications it has had on our community and programs. NDC remains committed to the value of this category of banks to the U.S. economy’s capacity to serve unbanked and underbanked Americans and small businesses. We invite all mid-size banks in our country to engage with NDC to navigate constructive courses to safe and sound community engagement. https://lnkd.in/eYkkKqXB #unbanked #underbanked #lmi #communitybuilding #communityimpact #ndc #nonprofitleadership #nonprofits