University Bank
Climate Impact & Sustainability Data (2015 to 2021)
Reporting Period: 2015 to 2021
Environmental Metrics
ESG Focus Areas
- Affordable Housing
- Financial Literacy
Social Achievements
- Originated loans to a child-care organization supporting low- and moderate-income households.
- Originated a loan for a hardware store in an economically distressed area, providing essential products and jobs.
- Provided financial literacy education to low- and moderate-income individuals.
Climate Goals & Targets
Environmental Challenges
- Wealth inequality and access to affordable housing.
- High housing costs and shortage of affordable housing.
- Unique challenges in CRA performance due to a business model with a substantial majority of deposits from outside the local assessment area.
Mitigation Strategies
- Developed a CRA Strategic Plan to address community needs.
- Established performance goals based on community needs, historic bank performance, and peer performance.
- Utilized a combination of targeted lending, investment, donation, and service hour activity.