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).

 

Videos from this campaign

KeyBank team shown with the Boys and Girls Club of Buffalo, NY.
Students at the TIP School.
KeyBank Neighbors Make The Difference.
Person shown harvesting tomatoes in a garden.
gift ceremony
Great Day Colorado and KeyBank team members shown on Fox 31.
KeyBank Neighbors Make The Difference.
KeyBank: Neighbors Make the difference. Illustration of a woman holding a paintbrush.
Group of employees
Group of employees

Content from this campaign

Philanthropy & Cause Initiatives

KeyBank Foundation Awards Grant to Lake Champlain Opportunity Fund
The Lake Champlain Chamber and KeyBank are pleased to announce a grant of $150,000 from the KeyBank Foundation in support of the Bobby Miller Opportunity Fund and LaunchVT.

Social Impact & Volunteering

KeyBank Supports Super Refund Saturday With Volunteers and Sponsorships
Citing the importance of the Earned Income Tax Credit, more than three dozen volunteers from KeyBank recently came together to work alongside nonprofit organizations in Cleveland for Super Refund Saturday

Sustainable Finance & Socially Responsible Investment

KeyBank Foundation Invests $25,000 to Help Food Bank of Central New York Fight Hunger
The KeyBank Foundation is making a $25,000 grant to the Food Bank of Central New York. This investment is part of KeyBank’s $40 billion National Community Benefits Plan, which helps communities reach social, economic and racial equity

Sustainable Finance & Socially Responsible Investment

East Side Avenues, Funded In Part by KeyBank and the First Niagara Foundation, Reports on Community Development and Revitalization Progress in Buffalo
East Side Avenues, a unique public/private partnership formed in 2019 to revitalize Buffalo’s East Side, has issued its 2020-2021 annual report on community development and revitalization progress.

Philanthropy & Cause Initiatives

KeyBank Makes $150,000 Investment in United Way of Summit & Medina To Benefit Akron Public Schools
The KeyBank Foundation is providing a $150,000 grant to United Way of Summit & Medina. The grant will provide support and the delivery of wraparound services within the Family Resource Center of the Robinson CLC Akron Public School.

Philanthropy & Cause Initiatives

Key Supports Innovative Reentry and Recycle Program
RecycleForce is a lifeline to ex-offenders.

Philanthropy & Cause Initiatives

KeyBank Teammates Bring Home Repairs and Hope to a Buffalo Homeowner
In July 2021, KeyBank, in partnership with the First Niagara Foundation, joined with Eight Days of Hope (EDOH) to provide free home repairs on approximately 150 homes in the Masten District in Buffalo, NY.

Philanthropy & Cause Initiatives

KeyBank, in Partnership With the First Niagara Foundation, Donates $1.5 Million to Support WEDI's West Side Bazaar Project
KeyBank, in partnership with the First Niagara Foundation, is donating $1.5 million to support the Westminster Economic Development Initiative’s new West Side Bazaar Project.

Philanthropy & Cause Initiatives

$1.5 Million Grant from KeyBank Foundation to MetroHealth Will Help Eliminate Potential Barriers to Health and Well-Being for Underserved Populations in Northeast Ohio
The KeyBank Foundation is making a $1.5 million grant to The MetroHealth System. This grant is part of KeyBank’s $40 billion National Community Benefits Plan and is symbolic of the bank’s longstanding commitment to diversity, equity and inclusion.

Awards, Ratings & Rankings

KeyBank Receives Ninth Consecutive "Outstanding" Rating from OCC On Community Reinvestment Act Exam
KeyBank has earned its ninth consecutive "Outstanding" rating from the Office of the Comptroller of the Currency (OCC), for exceeding the terms of the Community Reinvestment Act (CRA) exam. KeyBank is one of the only U.S. national banks among the 25 largest to be rated “Outstanding” by the OCC for nine consecutive review periods, since the Act's passage in 1977.
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