Making Change: How Financial Institutions Empower Communities

Financial institutions are catalysts for transformation, driving economic and social development for the communities they serve, including underserved communities. These institutions recognize their unique transformative power and are committed to promoting positive change.

You are viewing: Making Change: How Financial Institutions Empower Communities

See more : Finance guru Dave Ramsey issues blunt retirement advice to Americans

In Alaska, financial institutions are using their resources, expertise, and influence to support diverse nonprofit organizations and charitable causes by providing grants, loans, and scholarships or making in-kind donations of goods and services. They’re also investing in organizations’ capacity by offering training, mentorship, and technical assistance.

Effective charitable giving is one of the many tangible ways First National Bank Alaska is demonstrating connections with Alaskans. During 2024, the bank’s charitable contributions benefited statewide-focused organizations including UAA, Alaska Pacific University, United Way of Anchorage, Alaska School Activities Association, Boys & Girls Club of Southcentral Alaska, and Special Olympics Alaska.

See more : The Dow’s losing streak showed its big weakness: Chart of the Week

First National contributes nearly $1 million annually through its charitable giving and corporate sponsorships, according to Natasha Pope, the bank’s fair lending and quality assurance manager and Community Reinvestment Act officer. “Through its numerous contributions each year, the bank is a perennial supporter of critical agencies and programs serving our local communities and broader regions,” Pope says.

Enacted by Congress in 1977, the Community Reinvestment Act encourages banks to meet the needs of customers at all income levels. The Office of the Comptroller of the Currency evaluates banks, and First National scored “excellent” ratings in this year’s review of lending, investment, and service.