United Bank Invests Over $1.1 million in Community Partnerships and Corporate Sponsorships in 2017
Through their steadfast commitment to generously investing in community partnerships and programs throughout Connecticut and Massachusetts year-after-year, United Bank and its two charitable foundations today reported that in 2017 they invested over $1.1 million in nonprofit organizations and corporate sponsorships in the communities they serve.
“Our core mission of ‘neighbors helping neighbors’ has essentially remained the same almost 160 years later when it comes to banking, customer service and community partnerships. United Bank is there for our customers every step of the way in fulfilling their banking needs so we make sure that same promise applies to the community organizations and programs we partner with to make our communities an even better place to live, work and raise a family,” said William H.W. Crawford, IV, Chief Executive Officer of United Bank and United Financial Bancorp, Inc. “I would like to thank our employees and Board of Directors for their continued individual generosity and selfless volunteerism in the communities we serve.”
In 2017, the United Bank Foundation Connecticut and United Bank Foundation Massachusetts made approximately $780,000 grants and payments to nearly 250 nonprofit organizations and student scholarship recipients. In addition, United Bank’s Community Sponsorships Program, which is separate and distinct from its Foundation giving, delivered $351,693 in giving to several other organizations and sponsored events in 2017. Since 2005, the two Foundations have together invested over $10 million in the nonprofit community in Connecticut and Massachusetts.
Some of the areas of focus for United’s corporate giving and community partnerships are: neighborhood revitalization, affordable housing, education, health and human services, various youth programs and more. In compliance with the federal Community Reinvestment Act (CRA), United Bank also gives special consideration to charitable investments that directly benefit disadvantaged or low-to-moderate income individuals, families and neighborhoods in cities and towns the Bank serves. More than 40% of the Bank’s total giving in 2017 was CRA-eligible.
In addition, United Bank continues to make a significant impact on communities through its PATH Plus initiative, which was established nearly three years ago to provide the three keys to homeownership – education, savings and mortgage benefits – to low-to-moderate income individuals and families eligible to participate in this program. To date, 108 individuals from Connecticut and Massachusetts have participated in PATH Plus, 38 are currently enrolled in the program, 43 have graduated and 12 of them are new homeowners. Other program graduates are in the process of identifying homeownership opportunities. And the Bank’s Foundations donated a total of $39,000 to nonprofits who have successfully referred and enrolled program participants.
For more information on United Bank’s commitment to corporate and charitable giving, please visit their website at www.bankatunited.com and click “Charitable Giving” in the “About” section of the website.