The Latest · UPB Impact · UPB Community · Deposit With UPB

Urban Partnership Bank Impact

Mighty Report. March 2018. Five minute read.

GO TO URBAN PARTNERSHIP BANK ONLINE

< UPB February Impact

The Latest

Your Money on Deposit With UPB Makes Loans, Gotham Greens, And Other Local Goods

So far in 2018:

102 new members of the community have started a deposit relationship with UPB
263 new UPB deposit accounts have been opened
The average balance of new UPB deposit accounts? $4,264
The number of new UPB neighborhood loans these deposits have helped to support? 6
The average amount of each UPB neighborhood loan this year? $394,000
100% of UPB neighborhood loans made this year have been in Chicago and Detroit, in neighborhoods like Pullman, Chicago, in companies like UPB client Gotham Greens.

Your money on deposit with UPB makes loans, which make Gotham Greens and other local goods, which make strong Chicago South and West Side and Detroit Midtown economies, which make these communities vibrant, future-focused places to visit, work, and live.

Your money on deposit with UPB funds loans which fund Gotham Greens and the production of other local goods.

UPB Impact

See How Your Deposit Creates Neighborhood Loans

When you deposit with UPB, new neighborhood loans are created, equal to $86 of every $100 you keep on deposit with UPB. That's $35 more neighborhood financing created for your every $100 on deposit with UPB than the neighborhood financing created were that same money deposited with the average big bank.

See Your Unique Bank Impact

See how money on deposit with UPB creates financing for neighborhoods compared to other banks.

UPB Community

See UPB Community

Experts On The Future of Impact Investing

Forefront is the nation’s only statewide membership association for nonprofits, grantmakers, public agencies, advisors and allies.

Foundations invest a great deal of thought and effort into maximizing the impact of their grants – and are now exploring ways to use their non-grantmaking funds to amplify their impact through banking relationships, investment holdings, and program-related investments. Forefront recently hosted Urban Partnership Bank along with other local institution leaders for a Grantmakers Finance Roundtable to give Chicago practitioners some new ideas about “doing well and doing good."

"Urban Partnership Bank's lending focus in Chicago and Detroit's underinvested neighborhoods shows the bank's commitment to investing for impact."

-Pamela Calvert, Grantmakers Finance Roundtable Moderator and Director of Finance and Operations, W. Clement & Jessie V. Stone Foundation

Forefront is located at 1006, 208 S LaSalle St #1540, Chicago, IL 60604

Next Gen Depositors

Pictured above, from Left to Right: Mighty Founder + Advisor Nisha Sutaria, Mighty Founder + CEO Megan Hryndza, Mighty Advisor Nicolette Stosur-Bassett, and Mighty intern Jenny Lim.

Mighty's female-led bank technology team is bringing new impact reporting experiences to the bank account, and is proud to work with UPB to launch this impact reporting in Chicago.

"When you deposit your money with a bank, you're making an investment in a community," says Mighty Founder + CEO Megan Hryndza. "We're building Mighty so everyone can manage their money for impact, starting with their money in the bank."

Mighty is located at 1452 E 53rd Street, Chicago, IL 60615

Software Development Shop, Banking with UPB Since Day One

Pictured above: Morgan Young, one of the Webitects Engineers who has been working alongside Webitects team Anna, Kobe, Nick, and Billy to help Mighty power impact reporting for banks like UPB, making this report you're reading now a truly community-supported experience.

Webitects is a Chicago-based digital agency providing custom-tailored websites and applications for organizations and situations where an off-the-rack approach just won't do. They've worked with The Art Institute of Chicago, Chicago River Edge Ideas Lab, Regional Housing Solutions, Wikipedia, and currently work with Mighty, a company with which they found natural synergy.

"We've been a business client of UPB since its day one, and happily work with many mission-driven organizations in Chicago and across the country. We love the fact that UPB supports local businesses in under-invested areas and industries. Building digital experiences for the UPB community to know this impact is an experience we're excited to have as a UPB client, too." says Billy Belchev, Webitects President.

According to Webitects Engineer Morgan Young, "Webitects is where I can be tech focused and community focused, both of which are important to me in the work I do, the career I'm building, and the life I'm living."