KeyBank's Community Investment

In states where Key has a presence, there are approximately 1.7 million low- to moderate-income (LMI) households. Many LMI individuals don’t have bank accounts or access to credit, and Key recognizes this important segment of the population as the “underserved.” Unfortunately, many underserved individuals turn to payday lenders or check cashing stores as a source of banking and receive no help establishing a credit history, breaking the cycle of debt, or establishing savings.

Since launching KeyBank Plus in 2004, Key has been a leader in responsible innovation for the underserved. KeyBank Plus is a unique combination of solutions which goes beyond “traditional” banking, creates economic stability and wealth-building, and offers reasonably priced products with features that ensure responsible use. For its approach to the underserved, Key has been recognized as an industry leader by the Center for Financial Services Innovation (CFSI), the National Community Reinvestment Coalition (NCRC), the Federal Reserve, the U.S. House Finance Committee, and the Federal Deposit Insurance Corporation (FDIC).

 

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Philanthropy & Cause Initiatives

KeyBank Donates $180,000 to Rainier Scholars – Tacoma
KeyBank has announced a grant of $180,000 to Rainier Scholars – Tacoma as the nonprofit seeks to rapidly grow its services to underrepresented students of color in the greater Tacoma area. The goal is to provide youth with the academic, social, and emotional support needed to exc

Philanthropy & Cause Initiatives

Nourish Pierce County Receives $150,000 Grant From KeyBank To Support Its New Lakewood Food Bank
Nourish Pierce County has received a grant of $150,000 from KeyBank to support the opening of its newest food bank location in Lakewood, which will alleviate food and nutrition insecurity for thousands of people with an innovative new model.

Philanthropy & Cause Initiatives

Northwest Housing Alternatives Receives $300,000 Grant From KeyBank To Support Its Climate Resiliency Program
Northwest Housing Alternatives(NHA) has received a $300,000 grant from KeyBank to provide education and outreach for climate-related disaster preparation and emergency supplies directed to the low-income households living in NHA properties.

Social Impact & Volunteering

KeyBank’s Buffalo Teammates Build Beds for Children on 2024 Neighbors Make the Difference Day
It’s not just a catch phrase, it’s the mission at Sleep in Heavenly Peace in Buffalo where dozens of KeyBank teammates came together to help build beds on 2024 Neighbors Make the Difference Day, held on June 6th.

Social Impact & Volunteering

How To Engage Your Employees in Giving Back to the Community
Recently, 140 KeyBank Maine teammates and I completed 18 community projects and 564 community service hours in a single afternoon. KeyBank’s annual Neighbors Make The Difference Day started in Key’s Alaska market in 1991 and was quickly embraced by the Maine market.

Sustainable Finance & Socially Responsible Investment

KeyBank Surpasses $2 Million Funded in Home Buyer Credits, Helping 442 Clients Achieve the Dream of Homeownership
KeyBank announced that it has funded more than $2 million in KeyBank Home Buyer CreditsSM1, helping 442 clients achieve their dream of homeownership in areas where the program is available.

Philanthropy & Cause Initiatives

Jesse Tree Receives $300,000 Grant From KeyBank To Support Treasure Valley Citizens Facing Eviction
KeyBank awarded a $300,000 grant to Jesse Tree to support the organization in reducing eviction and boosting health and housing resources for low-income Treasure Valley families.

Research, Reports & Publications

Fraud Continues to Be a Watchpoint for Small Businesses in the Current Economic Environment
Fraud prevention is an ongoing concern for small business owners, who continue to be vigilant of evolving fraud tactics and implement preventative measures to stop potential future attacks.

Responsible Business & Employee Engagement

KeyBank Serves as Strategic Partner for Small Businesses Through Economic Uncertainty
Many business owners may not realize that their bank can be a strategic partner, offering more than just a checking or savings account for their businesses. Small businesses’ banking partners are often deeply invested in their success and impact on their communities.

Sustainable Finance & Socially Responsible Investment

Economic Headwinds Abound, KeyBank’s Continued Investment in Local Communities Keeps Small Businesses Resilient
Inflation continues to be a pain point for business owners, and with the likelihood of interest rate cuts still held in the balance, this has only made the economic environment more uncertain for small business owners.
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