Community Service Action Plan Commitment
The Union Bank Board of Directors approves the bank's 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 targets seven key areas for support and services: affordable housing, banking services, community outreach, corporate contributions, low-income consumer loans, small business loans and assistance, and supplier diversity.
|KEY AREAS||UNION BANK ACTIONS|
|Affordable housing||Supports organizations that provide basic shelter for low- to moderate-income individuals; finances construction, purchase, refinance, and rehabilitation of low-income housing units|
|Banking services||Provides special services to help low-income individuals manage funds, including: low-cost checking and savings and government check cashing services|
|Community outreach||Offers community outreach efforts, including:
|Corporate contributions||Annually awards a total of 2 percent of the bank's after-tax earnings to nonprofits through the bank and foundation|
|Low-income consumer loans||Makes loans available to applicants with gross family income within guidelines established by Housing and Urban Development|
|Small business loans and assistance||Provides a wide range of credit products and services for small business, including SBA guaranteed loans to qualified borrowers; and loans to minority-, disabled veteran-, and woman-owned businesses|
|Supplier diversity||Procures goods and services from minority-, service-disabled veteran- and woman-owned vendors|