One of the many ways we champion MDIs and other mission-driven financial institutions is by conducting proprietary research that deepens public understanding of the sector. The insights from these reports provide tangible evidence of the social impact that reinforces the importance of MDIs.
There are currently 149 MDI banks who collectively hold more than $355 billion in assets, with the average MDI holding $475 million in assets as of Q2 2024.
Total MDI assets have increased 90% since 2014 (ten years ago), 42.8% since 2019 (pandemic era), and 1.7% since 2023. Similarly, MDI deposits have increased by 46.5% since 2019.
MDIs operate more than 1,500 branches across 43 states and territories, representing a jump from 32 states and territories in 2022-2023. More than 58 million people live in zip codes with MDIs present, representing roughly 17% of the total U.S. population.
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Need help with compliance and impact reporting?
Check out EquityEQ, a new tool offered in partnership with
Reporting to investors, policymakers, regulators, and the general public about the work you do is crucial, but compliance can be a pain point. That’s why we partnered with UpMetrics to create EquityEQ. Drawing on sources like the U.S. Census Bureau, this tool transforms data into impactful insights about the people and places that your financial institution is serving.
The dashboard supports a full range of visualizations including: maps, charts, and text-based widgets.
Each of these visualizations can be saved as image files. You can also share a static view of the dashboard or download it as a PDF to circulate offline.
To schedule a demo and learn how MDIs are using the tool to simplify reporting, contact Anthony Barr at abarr@nationalbankers.org.
Equity Bonds Initiative
Curious about the launch of the MDI Justice Bonds Initiative?
This deck outlines the impact investing ecosystem, available funding types, and the strategic priorities the NBA Foundation is pursuing to bridge impact investors, minority depository institutions, and communities to advance justice.
