LOCAL PDX SCORECARD
While this list will hopefully inform your banking decisions, it is only the beginning of effectively and intentionally banking local. Ask questions! Some of the other questions we think are important include: Does the bank participate in the voluntary Community Reinvestment Act? Some banks/CUs make a priority of lending to under-served areas without being required to, does yours? If so, to whom and how much? How do they view their social impact and role in the community? Do they consider the environmental impact of their loans and investments? How are employees treated and compensated? Is it fair and just? Is there diversity and inclusiveness? What makes this bank/CU special? Do they put their money and volunteer resources where their values are?
| As of June 2009 | ||||
| BANK/CREDIT UNION | LOCAL TO PORTLAND-METRO AREA | OWNERSHIP IS LOCAL | LOANS SERVE COMMUNITY | TOTAL |
| Advantis CU | 2 | 2 | 1 | 5 |
| Albina Community Bank | 2 | 1 | 2 | 5 |
| Bank of Oswego | 2 | 2 | 1 | 5 |
| Consolidated FCU | 2 | 2 | 1 | 5 |
| Northwest Priority CU | 2 | 2 | 1 | 5 |
| Northwest Resource FCU | 2 | 2 | 1 | 5 |
| OnPoint Community CU | 2 | 2 | 1 | 5 |
| Oregonians FCU | 2 | 2 | 1 | 5 |
| Point West CU | 2 | 2 | 1 | 5 |
| Rivermark CU | 2 | 2 | 1 | 5 |
| Unitus Community CU | 2 | 2 | 1 | 5 |
| Clackamas Community FCU | 1 | 2 | 1 | 4 |
| First Tech CU | 1 | 2 | 1 | 4 |
| Lewis and Clark Bank | 2 | 1 | 1 | 4 |
| Northwest Bank | 2 | 1 | 1 | 4 |
| Northwest Preferred FCU | 1 | 2 | 1 | 4 |
| ShoreBank Pacific | 1 | 1 | 2 | 4 |
| Capital Pacific Bank | 2 | 0 | 1 | 3 |
| Homestreet Savings Bank | 1 | 1 | 1 | 3 |
| Liberty Bank | 1 | 1 | 1 | 3 |
| Mbank | 2 | 0 | 1 | 3 |
| Pacific West Bank | 2 | 0 | 1 | 3 |
| Washington Trust Bank | 1 | 1 | 1 | 3 |
| Bank of the Cascades | 1 | 0 | 1 | 2 |
| Banner Bank | 1 | 0 | 1 | 2 |
| Columbia State Bank/Town Center Bank | 1 | 0 | 1 | 2 |
| Commerce Bank of Oregon | 1 | 0 | 1 | 2 |
| Cowlitz Bank/Bay Bank | 1 | 0 | 1 | 2 |
| First Independent Bank | 1 | 0 | 1 | 2 |
| Frontier Bank | 1 | 0 | 1 | 2 |
| Pacific Continental Bank | 1 | 0 | 1 | 2 |
| Riverview Community Bank | 1 | 0 | 1 | 2 |
| Umpqua Bank | 1 | 0 | 1 | 2 |
| West Coast Bank | 1 | 0 | 1 | 2 |
| Bank of the West | 0 | 0 | 1 | 1 |
| Keybank | 0 | 0 | 1 | 1 |
| Sterling Savings Bank | 0 | 0 | 1 | 1 |
| U.S. Bank | 0 | 0 | 1 | 1 |
| Union Bank of California | 0 | 0 | 1 | 1 |
| Wells Fargo Bank | 0 | 0 | 0 | 0 |
| Bank of America | 0 | 0 | 0 | 0 |
| Washington Mutual/Chase | 0 | 0 | 0 | 0 |
WHAT THE SCORES MEAN
Is Your Money Rooted in YOUR Community?
The more a bank/CU operates in multiple communities, the less commitment they have to yours*
2 = 75% + branches in Portland-Metro area
1 = Majority of branches in NW (OR/WA)
0 = OR/WA is only a part of their focus
* Some banks/CUs may have policies that intentionally put deposits to work in the communities where they were deposited.
Who owns it?
Where ownership is, profit goes*
2 = Non-Profit, Coop owned
1 = Owners/Shareholders live in NW
0 = Absentee owners/shareholders
* Ownership also relates to democratic control. The same ranking order
applies to a community’s ability to positively influence a bank/CU.
Do Your Deposits Create Good Loans in YOUR Community?
Deposits are leveraged into loans. Profit is one motivation for loans, though loans can be targeted for any purpose. What do you want to fund?
2 = Official lending policies to benefit underserved communities*
1 = Loans that benefit local businesses and individuals
0 = Engaged in predatory/subprime lending
*I.e., Community Development Financial Institutions (CDFIs) that target underserved communities and have stricter accountability plus access to federal money to further their mission.
