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What if you had the power to create more affordable
housing in your community? Encourage small business
growth within your neighborhood? You do — and you
can achieve these goals by simply opening a bank account.
Double Bottom Line. With these three words in mind,
we have created the Socially Responsible Deposit Fund (SRDF)
to give you a socially responsible investment option
that will support economically challenged communities
in the St. Paul/Minneapolis area. Our "double bottom
line" assures you competitive interest rates on
your account, while also offering you a way to improve
local urban neighborhoods. Here's how it works:
Open any depository account at University Bank and designate
your account balances to the SRDF. It's as simple as
checking a box on our account agreement form.
Your account balances in the SRDF will be used to support:
- affordable housing
- small businesses
- non-profit organizations
- community services
As always, your account is FDIC-insured up to $100,000.
You receive the same interest rates offered by University
Bank on regular depository accounts. What's the catch?
There is none. The SRDF simply uses your deposits to
make loans that support socially conscious projects
in our communities.
Please see our Human
Interest Stories for examples of the SRDF in action.
Click
here to make a deposit and create lasting solutions
for community development. Click here to view a video clip from University Bank's "Saving Urban Neighborhoods - Socially Responsible Investing in the Twin Cities."
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