CDFI Portfolio

Community Development Finance Institutions (CDFIs)

As part of the “Carry the Cash” Campaign of Confluence Philanthropy, Swift Foundation has made deposits in the following banks. All of these CDFIs are federally insured and accredited institutions. Swift makes deposits below the federally insured (FDIC) limit of $250,000.

Beneficial State Bank

Beneficial State Bank is a state-chartered, deposit-taking, federally insured, for-profit banking organization headquartered in Oakland, Calif. Founded as a social enterprise bank in 2007, Beneficial State Bank has grown organically and through aligned acquisition to serve the three West Coast states. Beneficial State Bank holds to a triple bottom-line of...

Community Bank of the Bay

Community Bank of the Bay offers sustainable financing to green projects and businesses and deposit accounts that promote environmental sustainability. The bank is locally owned and operated. Its focus is on the local community and on providing financing to small businesses and non-profits so they in turn can create jobs....

Lakota Federal Credit Union

Serving the Pine Ridge Reservation, the Lakota Federal Credit Union opened in November 2012 with the goal of creating a financially inclusive economy. With $3.5 million in deposits, it has disbursed $2.2 million in loans and provided quality financial services to more than 1, 800 members, the Oglala Lakota, to...

Latino Community Credit Union / Cooperativa Latino

Latino Community Credit Union was founded in 2000 to service Latino immigrants in Durham, North Carolina. With $200 million in assets, 62, 000 members and 10 branches, its mission is to provide ethical financial products and education in order to empower communities. The credit union provides bilingual, personalized culturally appropriate...

New Resource Bank

Founded in 2006 in San Francisco, California, New Resource Bank focuses on sustainability in all aspects of its business and has deposits of $241 million and loans of $192 million. Its mission is to promote wellbeing for all people and the planet through banking and follow a triple-bottom-line model of...

Resources

As a learning organization, Swift benefits from participating in and learning from our peers and colleagues who are promoting alternative visions of investing for social, environmental and governance changes in our society. The following list includes some of the affinity groups, investor groups, advocacy organizations and publications that have helped us along the way.

Divest Invest

Divest-Invest Philanthropy is a platform for institutions that follows the lead of student and community-driven fossil fuel divestment and new energy economy reinvestment. Together, we are holding fossil fuel industries accountable for their obstruction of climate policy solutions, investing for public good and financial performance, and accelerating the growth of a sustainable and equitable economy.

Swift Foundation signed Divest Invest in 2016. We joined the pledge to stop investing in climate change by removing coal, oil and gas from our investment portfolio, and investing in climate solutions like clean energy, sustainable agriculture and local economies. Our unconventional path to divestment through a No Buy screening process is described in this letter.

Community Development Finance Institutions (CDFIs)

Beneficial State Bank

Community Bank of the Bay

Lakota Federal Credit Union

Latino Community Credit Union / Cooperativa Latino

New Resource Bank

Resources

Divest Invest

Mission Investor Exchange

Confluence Philanthropy

Transform Finance

Carbon Tracker

Slow Money Institute