National Bankers Community Alliance
PROVIDING PATHWAYS TO FINANCIAL PROSPERITY
The National Bankers Community Alliance, a 501(c)(3) charitable nonprofit, will provide programs and services to support Minority Depository Institutions (MDIs) and the communities they serve to help close the racial wealth gap.
We know that minority-owned banks are at the center of serving communities that are traditionally overlooked and excluded by the mainstream banking system. These communities of color deserve equitable access to education, services, and products that strengthen their financial goals and growth.
"Centuries of neglect have created a lack of trust between our communities and the traditional banking system, which has undoubtedly forced our banks to bear the brunt of responsibility for making financial services accessible. The National Bankers Association is proud to announce the Alliance as our next step toward elevating the impact of minority-owned banks in the communities they serve."
- Robert E. James II, NBA Chairman
MORE EQUITY INVESTMENT OPPORTUNITIES
The Alliance’s four-pillar approach aims to provide minority-owned banks with the data, training, and resources necessary to better equip their communities.
1. Financial Wellness
2. Technical Assistance
3. Research and Impact Assessment
4. Capital Aggregation & Collaboration
FINANCIAL WELLNESS
Financial Wellness involves delivering innovative financial programs, training, and services to traditionally excluded and underserved households, small businesses, and nonprofits to support asset accumulation and sustainability
TECHNICAL ASSISTANCE
Technical Assistance entails providing small business training that builds the capacity of entrepreneurs to participate in the economic mainstream.
RESEARCH & IMPACT ASSESSMENT
Research and Impact Assessment leverages market-level social and economic impact data that identifies the root causes of disparity and informs the development of responsive products, services, and policies.
CAPITAL AGGREGATION & COLLABORATION