United Bank of Philadelphia is committed to serving communities that have traditionally lacked sufficient access to banking services. It has always been an important part of our mission, and it will always remain one.
We are proud of the fact that we have been consistently rated “outstanding.” in our community reinvestment (CRA) efforts.
United Bank was the first commercial bank in Pennsylvania—and are still the only headquartered in Philadelphia—to be a certified Community Development Financial Institution.
We are also a certified Community Development Entity, a designation which allows our investors in the bank the opportunity to receive federal tax credit for qualified investments. To qualify as a CDE, we had to show that we:
- Have a mission of serving, or providing investment capital for, low-income communities or low-income persons.
- Maintain accountability to residents of low-income communities through their representation on a governing or advisory board.
- Are certified by the CDFI Fund.
All of us at United Bank take our role as a community development institution seriously and work to heighten our presence as a catalyst for wealth creation and economic development in low and moderate income, underserved and emerging markets. We make every attempt to provide innovative financing through partnerships, programs, and loans.
We believe that inner city urban markets are ripe for business opportunities and growth. Our leadership team recognizes and is acquainted with the challenges that go with serving these urban communities. We are positioned to participate in concert with partners sharing similar visions in the transformation of untapped and unexplored economic resources from the potential to the profitable.
At United Bank of Philadelphia we take our role as a community development institution seriously and work to heighten our presence as a catalyst for wealth creation and economic development in low and moderate income, underserved and emerging markets. We believe that there has never been a more important time for families to take control of their financial future.
The financial preparedness of youth is essential to their well-being and of vital importance to our economic future. In light of the problems that have arisen in the subprime mortgage market, we are reminded of how critically important it is for individuals to become financially literate at an early age so that they are better prepared to make decisions and navigate an increasingly complex financial marketplace. Choosing a credit card, saving for retirement or for a child’s education, or buying a home now requires more financial savvy than ever before. Financial literacy and consumer education better equips consumers to make tough yet smart financial decisions.
At United Bank of Philadelphia, FAMILIES MATTER!
United Bank of Philadelphia is committed to serving communities that have traditionally lacked sufficient access to banking services. It has always been an important part of our mission, and it will always remain one. The Bank’s branch located in West Philadelphia at the intersection of 38th Street, Lancaster Avenue, and Powelton Avenue is an important gateway for the thousands of commuters who pass through it every day in cars, buses and trolleys to and from Center City Philadelphia and is the point of connection for several West Philadelphia neighborhoods. This gateway location positions the Lancaster Avenue Branch to be a hub or meeting place in the community; and therefore, an excellent distribution channel for the Bank’s affordable products and services.
To further demonstrate its commitment to the well-being of the community, United Bank of Philadelphia worked in collaboration with the Mural Arts Program and its youth program, Mural Corp, as well as its funders and partners on the first of its kind “Green Wall” sculpture in the City of Philadelphia at the Lancaster Avenue branch. This project represented the culmination of the neighborhood quality of life plans and the strategy for beautification. In June 2010, the City of Philadelphia Mural Arts Program dedicated RE:flect, created by environmental artist JEFRË. The concept is based on the Schuylkill River’s role as a natural gateway and its reflective qualities of the City’s history, culture, and heritage. Two towers are positioned to mirror the old and new architecture of the City in a single image that visitors can walk between and engage. The outside edges of the towers are living walls that echo the edges of the river as it frames the City. This is one example of how collaboration works to transform a neighborhood by enhancing its beauty and health.
United Bank of Philadelphia is committed to keeping Philadelphia green and growing—economically and physically.