At New Resource Bank, we think of ourselves as so much more than just a bank—we are a community. Our community is defined not only by geography, but by shared values, where depositors can feel good about where their money spends the night. Providing banking services is just the start of a deeper, longer-term relationship characterized by mutual commitment to positive change. To that end, we are pleased to facilitate opportunities for the businesses, nonprofits and individuals we serve to network and forge relationships.
With the opening of our Boulder loan office in June 2016, we are pleased to have expanded our financing of values-based businesses to the Colorado region. Colorado was the clear choice because of the high concentration of sustainable businesses within our target markets, including organic food & natural products and clean energy. The bank’s regional office is located in the historic Highland Building.
Our first hire in Colorado was Susan Graf, who serves as the Regional Business Development Manager. Graf has a long career in sustainable business in the Boulder community, serving for eight years as head of the Boulder Chamber of Commerce and most recently as VP of Finance and Administration for Bhakti Chai.
Giving back to our community is central to the New Resource Bank mission. This includes volunteering our time and supporting the important work of nonprofits. New Resource Bank offers employees up to eight hours per year of paid volunteer time at nonprofits of their choice and organizes additional periodic volunteer opportunities for employees. In 2016 our staff’s cumulative volunteer hours totaled 1,349, or an average of 29 hours per employee.
One employee who stood out above the rest was Susan Graf. In 2016, Susan volunteered 212 hours, 150 of which were spent at Boulder Community Health (BCH), an organization that provides top-of-the-line medical care to Boulder and Broomfield counties in Colorado. Founded in 1889 as a teaching hospital, BCH specializes in cancer care, heart treatment, and neurosurgery. New Resource Bank is proud to have its employees work for good in both their personal and professional lives.
We are honored to serve 180 nonprofit clients, all of which are making a positive impact in the world. Clients include environmentally-focused organizations like The Pachamama Alliance, Save the Waves, and the San Francisco Green Film Festival; nonprofits committed to social progress, such as SFMade Inc. and the Ella Baker Center for Human Rights, which works to create an inclusive and just world; and organizations providing opportunities for underserved youth, like Youth Spirit Foundation and Level Playing Field Institute.
Client Feature: American Sustainable Business Council / Nonprofit
The American Sustainable Business Council (ASBC) is a network of more than 250,000 businesses committed to the triple-bottom-line of people, planet, and profit. ASBC members believe that sustainable business is good business, and a sustainable economy is a prosperous and resilient one. David Brodwin, Co-Founder & CFO, notes, “The ASBC works for policy change at the federal and state level to shape an economy that works for all. We’re proud to bank with New Resource Bank–a bank committed to using the power of business to build a better world.”
Because supporting nonprofits is an important part of our mission, we contribute to nonprofits in a variety of ways, including by offering them access to discounted banking services. We provide free online banking and bill pay services to all nonprofits, as well as free or discounted remote deposit capture, depending on the account type and size. Our Planet-Smart Rewards program donates two to five cents from every swipe of a New Resource Bank debit card to a fund for nonprofit clients, depending on the transaction type. In 2016, our donations totaled $88,900 and were awarded through sponsorships to nonprofits to achieve their mission and scale their impact, notably the following organizations:
All One Ocean
Alliance for Sustainable Colorado
American Sustainable Business Council
At the Epicenter
California Reinvestment Coalition
David Brower Center
Ella Baker Center for Human Rights
Force for Good Fund
Good Food Foundation
ICA Fund Good Jobs
Kitchen Table Advisors
Level Playing Field Institute
Natural Capitalism Solutions
Net Impact – SF Chapter
New Door Ventures
Our Family Coalition
Pacific Community Ventures
Parents for a Safer Environment
Point Reyes National Seashore Association
Rainforest Action Network
Resources for Community Development
Rose Foundation for Communities and the Environment
San Francisco Conservation Corps
San Francisco Green Film Festival
Save the Waves
San Francisco Baykeeper
Silicon Valley Social Venture Fund
Slow Money Institute
Social Venture Network
Strategic Energy Innovations
The Children’s School of Art & Science
The Pachamama Alliance
We continue to promote dialogue and foster community and sustainable thinking through our Re:Think events and workshops. In 2016 we organized several events, including: