Community Recovery Program
We were recently honored to announce the MUFG Union Bank Community Recovery Program, a $10 million initiative to support nonprofit organizations that are aimed at addressing social and economic justice within communities of color. This program is specifically focused on building economic stability, including supporting access to capital, entrepreneurship, job retention, retraining, and providing critical social safety net services.
The Corporate Social Responsibility for the Americas community outreach team leverages the products, services and employee talent of MUFG Union Bank, N.A., with the needs of small businesses and low- and moderate-income communities. This team works collaboratively with nonprofit partners, government agencies, foundations, and other financial institutions to maximize the Bank’s impact in the communities it serves. The community outreach team helps promote community and economic development by:
MUFG Union Bank provides each of its full-time employees with up to 3 days of paid time off to serve the community. In addition, the bank has a generous matching-gift program to enhance the value of our employee involvement. We use VolunteerMatch to help our employees find volunteer and community leadership opportunities. Register your organization at www.volunteermatch.org if you would like volunteers from the bank to help your nonprofit.
Community Service Action Plan
The MUFG Union Bank, N.A., and MUFG Americas Holdings Corporation Board of Directors approves the bank's 2016-2020 Community Service Action Plan (CSAP), which is used to ensure the bank's compliance with Community Reinvestment Act requirements. The bank also meets semiannually with community groups to discuss the bank's performance.
The CSAP has 11 tenets of focus: Economic Development, Small Business Lending, Multi-family Affordable Housing Lending, Single Family Affordable Housing Lending, Branch Technology and Deposit Products, Philanthropy, Environmental Stewardship, Community Advisory Board, Supplier Diversity, Innovation, and Workforce and Board Diversity.
Download the Community Service Action Plan.
Military servicemember Lending Program
We applaud the generosity and enthusiasm of our employees and support them through our Giving Back program, which is dedicated to facilitating employee giving and volunteering.
The MUFG Union Bank, N.A., employee matching gifts program "My Giving" matches U.S.-based, eligible employee contributions dollar for dollar up to a maximum amount of $2,500 annually. In 2021, Employees donated $1,444,406, which the Bank matched a $1,239,582, bringing the grand total to $2,683,988.
As part of our mission to proactively invest in the communities in which we operate, over 2,705 employee volunteers donated 50,911 service hours in 2021. Of the 46,470 volunteer hours, 3,820 hours, or 8%, were devoted to financial education.
Union Bank Community Development Finance
Union Bank Community Development Finance makes loans and investments in affordable housing throughout the United States. Its developments serve low- to moderate- income populations, providing housing and services for working families and individuals with specialized financial needs such as farm workers, the homeless, and seniors.