Can a financial institution do good?
We think so.
Money you deposit at a financial institution can have a tremendous impact on the community, and depending upon the bank or credit union, that impact can be positive or negative.
Question: How does your bank support your community?
At Verity, we work to foster cooperative communities who dream boldly.
Supporting the community is more than just talk—it’s part of our mission, our values, and most notably, our vision for the greater Seattle area. Everyone has a different definition of community—whether it be a geographical location, a shared interest or a network of people—and at Verity, community means all of the above. We have a commitment to support each of these communities in any way we can, even if it means we don’t have our name and logo plastered all over everything.
You can find Verity staff in blue shirts volunteering for local organizations and nonprofits, doing manual labor, raising money or helping with tasks that are on the “we’ll do it eventually” list. You can see Verity’s support of the art scene through live music performances at branches, local art displays, participation in neighborhood art walks, using visual and musical artists in our advertising, and by being the title sponsor of Seattle Make Music Day four years running.
You can feel Verity’s support of local nonprofits through partnerships, sharing board members (we’re on their boards, they’re on ours), and the newly developed community-impact accounts, which have special deposit rates and are designed to help organizations who are doing the hard, on-the-ground work to better our communities.
We want to support strong and viable communities and help create cooperative communities who dream boldly.
Expanding to serve a vibrant neighborhood: West Seattle
In July 2018, we opened a new branch in the heart of the Junction, but our engagement with the vibrant West Seattle community started long before that.
Rather than come to the area, open a branch, and then get to know the neighbors, we started by getting to know the neighbors and what the community really needed through an open forum and by regularly connecting with local leaders.
Community Service Day
The 4th annual Verity Community Service Day was the biggest to date, with Verity staff spending the day painting, cleaning, picking up litter, sorting food, clearing brush, prepping materials for events, posting signs, and more.
In all, six organizations welcomed Verity staff to help with much-needed tasks. We enjoyed getting to know the organizations better and helping them improve their communities.
2018 Community Service Day by the numbers
6 organizations welcomed volunteers (Auburn Valley Humane Society, Food Lifeline, PAWS, Lynnwood Parks and Recreation, Phinney Neighborhood Association, Youngstown Cultural Center)
- 87 staff members participated
- 435 hours volunteered
- $10,740.15 in support through volunteering
Microgrants have big impacts
One of the ways Verity supports organizations is through microgrants. These $2,000 grants are available to organizations doing projects to support community well-being through visual and musical arts, environmental sustainability or other aspects of Verity’s core values. In 2018, eight organizations and projects received grants, including:
- Phinneywood Neighborhood Association - Dia de los Muertos event
- Fremont Abbey Arts - grow event space and back-to-school event
- Scarecrow Video - 2019 Children's Hour season
- Zeno - two family math nights
- Bike Works - Superhero Community Bike Ride
- Bellwether Housing - furnishings for a two-bedroom affordable housing unit
- SCM Medical Missions - Hope Boxes for incoming refugees
People come first, before the bottom line. That’s one of Verity’s core values. This means we actively develop and design products and services to meet the needs of people in our communities. We strive to empower our members’ financial lives, as well as enable them to be productive in their communities.
We support the “people” portion of the triple bottom line through:
- Financial education opportunities including seminars, personal financial coaching and digital resources
- Supporting the arts community through our advertising, live music events, community art walks, theater sponsorships, Make Music Day sponsorship and more
- Social inclusion by supporting the GSBA and FareStart, volunteering with Teen Feed, Seattle PrideFest and other community nonprofits
Verity has long been an advocate of environmental sustainability—if we don’t take care of the planet and our natural resources, we damage our home and needlessly waste energy and money. Environmental sustainability is an international concern, but we support efforts in the Puget Sound region and try to give our members and communities the support they need to make their own positive impact.
We support the “planet” portion of the triple bottom line through:
- Eco-friendly loan program, providing financing for solar panels, bicycles, and eco-friendly vehicles
- Leading by example with several LEED certified locations and comprehensive recycling/composting programs
- Employee incentive for alternative commute methods
Promote strong and viable communities—this is part of Verity’s mission statement. We believe anyone can prosper with the right support.
We help build economic resiliency and support the “prosperity” portion of the triple bottom line through:
- Giving people a chance through first-time auto buyer homebuyer programs
- Supporting organizations like Business Impact NW, which provides small business owners the tools, coaching and microfinancing they need to succeed, with a specific focus on small business owners in under-represented communities
- Helping community projects get off the ground with our microgrant program
- Providing financial education through personal financial coaching and counseling