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Anyone know where to find a good list of socially responsible banks?

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Elad ADMIN Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-04-03 12:10 PM
Original message
Anyone know where to find a good list of socially responsible banks?
I'm looking for a reliable list of national banks that have a proven record of social responsibility, preferably compiled by a progressive/environmental group.

Any assistance would be most appreciated, thanks. :)
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Misinformed01 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-04-03 12:14 PM
Response to Original message
1. Read this
Edited on Tue Nov-04-03 12:14 PM by Misinformed01
http://www.greenmoneyjournal.com /

and google "Domini social index funds"



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chiburb Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-04-03 12:15 PM
Response to Original message
2. Take a look at Shore Bank in Chicago...
Used to be South Shore Bank.

Here is their mission statement:
ShoreBank's Mission........

ShoreBank invests in people and their communities to create economic equity and a healthy environment.
Since our founding in 1973 as the nation's first community development bank, we've stayed true to our mission of providing innovative loan, deposit and investment products, while posting strong financial performance.

We have lent approximately $600 million to 13,000 families and businesses in South, Near-South and West Side companies and nonprofits and minority owned communities throughout Chicago - and our reputation increasingly attracts customers from throughout the metropolitan Chicago area.

Part of the earnings from ShoreBank are used to fund the activities of other ShoreBank affiliate organizations in Chicago, across the United States and internationally.
Learn more here:
http://www.sbk.com/livesite/main/
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Elad ADMIN Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-04-03 12:26 PM
Response to Reply #2
8. Yes, they've been the only Chicago area bank I've turned up
in my searching. Unfortunately I'm in the western suburbs, and it doesn't look like they have any locations nearby. However, I do go into the city fairly often, so I think I may go there anyway, with direct deposit and everything else I rarely have to physically go to the bank anyway.

Thanks! :)
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IrateCitizen Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-04-03 12:16 PM
Response to Original message
3. Join Co-op America, you get the National Green Pages
I joined them just a couple of months ago, and got their National Green Pages and guide to socially responsible investing. They have a ton of info on banks, if you would like you can PM me where you're looking and I'll look up some info for you.

I think you can access them (the organization, not the books) over the internet.
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proud patriot Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-04-03 12:17 PM
Response to Original message
4. These folks
Edited on Tue Nov-04-03 12:19 PM by proud patriot
should have that info elad .
http://www.workingassets.com /

edited to add the green pages
http://www.greenpages.org/
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Wwagsthedog Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-04-03 12:20 PM
Response to Original message
5. Be sure to ask where your customer service phone calls are answered.
Many banks are offshoring phone oriented services to places like India or the Phillipines.
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rucky Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-04-03 12:20 PM
Response to Original message
6. Credit Unions
With all the money you save on fees, you can donate however you want. Plus, they're member owned.
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proud patriot Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-04-03 12:22 PM
Response to Reply #6
7. Yeah that's how I bank
a small local credit union , they support the
local community by sponsoring events .
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Elad ADMIN Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-04-03 12:28 PM
Response to Reply #6
9. I've been at a credit union for years
And I love it. Unfortunately, my ex took over the account when we split, and my credit's not good enough for me to get membership on my own (I already tried).
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Mairead Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-04-03 01:55 PM
Response to Reply #9
13. Check out a different CU. The idea that your credit isn't good enough
doesn't fit with the CU model, so it's possible that one is not working according to the co-op principles. Really!
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WhoCountsTheVotes Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-04-03 01:21 PM
Response to Reply #6
10. Agreed: Credit Unions are Democratic Banking
:)
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Mairead Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-04-03 01:53 PM
Response to Reply #6
12. Exactly! Credit unions are socialism in action
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wickerwoman Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-04-03 01:28 PM
Response to Original message
11. I try to avoid banks that use Diebold ATM machines
and tell them why they aren't getting my business.

But the issue's pretty academic for me since I don't have any money anyway. :-)
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xxqqqzme Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-04-03 02:01 PM
Response to Original message
14. go 2
Co-op America. They R wired N2 fair trade and supporting institutions. coopamerica.org
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ProfessorGAC Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-04-03 02:30 PM
Response to Original message
15. Try A Community Chartered Credit Union
I'm on the board of one. There are no owners, just members. Small ones don't do big biz loans. You don't have to be in any employment group to join a community chartered CU. You only have to live or work in the chartered area.

The one i'm one is a little under $100 million, and part of the CU charter includes servicing the "underserviced". (Translate as working poor.)

The rates are typically very competitive with the banks, and since there are no stock holders (save the people with savings in the union), there is far less motivation to do things not in the best interests of the greatest numbers of people in the field of membership.

The Professor
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