Carver Federal Savings Bank
Carver Federal Savings Bank has served African-American communities traditionally denied access to debt capital for more than 60 years. From its headquarters in Harlem, the bank lends to consumers, businesses, non-profits, and faith-based institutions throughout New York City. Receiving accolades from the community, and regulatory agencies, Carver is a national leader among community development banks and minority owned institutions.
Carver Federal Savings Bank was founded in 1948 with a mission to serve African Americans who were shut out of mainstream financial services. Over the past seven decades as a historically minority-managed community bank, Carver has experienced firsthand the benefits of diversity throughout all levels of its organization. Today, the bank boasts eight branches across New York City, including four in Brooklyn, three in Manhattan and one in Queens, as well as a robust mobile banking platform.
Watch this short video which takes us through some of the crucial impact work Carver Federal Savings Bank does for its community. Carver reinvests more than 80 percent of deposits back into its community through loans that support local job creation, development, and revitalization. In this video you will learn about the work Carver does with four customers making tremendous cultural and economic contributions to their community. These customers include the influential Dance Theatre of Harlem, the historic Schomburg Center for Research in Black Culture, the entrepreneurial Classico Building Maintenance company, and the inspiring Brooklyn Free School.
Carver Federal Savings Bank continues to demonstrate its commitment to the community by allocating $195,000 in non-profit donations through BEA program funding. The selected organizations specialize in economic development, addict rehabilitation, work force development, education, entrepreneurship, health, and housing.