Leveraging local knowledge and access of NCIF Network Banks to provide emergency support to small businesses

NCIFCares I: Tracking Our Impact by the Numbers

Our small business grants spurred far-reaching impact in areas of the country that need it most. Many of the businesses we worked with service LMI communities and employ minorities.

“Carver Federal Savings Bank and the NCIFCares initiative have been a boon to the Harlem Family Institute, which trains tomorrow’s diversity-sensitive psychoanalysts.”

Michael Connolly, President
Harlem Family Institute
New york, ny

“We are determined to let our village know that they are not allowed to give up because we will not give up on them. The NCIF grant allows us to be there for these families.”

Natasha Yates, Chief Executive
D.I.V.A.S. In Sistahood
Washington, dc

“Providing housing options to low- and moderate-income households is a needed service in all communities, but more so during this time of crisis.”

Kent Curtis, CEO & President
1st Southwest Bank
durango, CO

NCIFCares: National Network & Local Impact

NCIFCares partnered with 10 CDFI and Minority Banks in the NCIF Network, already dedicated to transforming low-income neighborhoods. Located in both rural and urban areas across the country, these banks serve a diverse array of small businesses and are seen as anchors in their community. Many of the small businesses they serve have revenues of less than a million dollars and are not served by more traditional banks.

Our Partner Banks

“Many of our small business customers need assistance beyond the PPP. We are extremely thankful that the NCIF created this opportunity to help small businesses.”

— Kent Curtis, President & CEO, 1st Southwest Bank, Colorado

“NCIF is one of the nation’s most important impact investors and has demonstrated its commitment to improve services and promote economic development in low-income and underserved communities.”

— Michael T. Pugh, President & CEO, Carver Federal Savings Bank, New York City

“These grant funds will definitely have a direct impact on all of these organizations founded and led by inspiring Black women.”

— Cynthia Newell, Director of Impact & Strategy, City First Bank, Washington, DC

“We are honored to sponsor the Oakland Black Business Fund alongside the NCIF, a national nonprofit dedicated to advancing equality and opportunity and a long-time supporter and investor.”

— William S. Keller, President & CEO, Community Bank on the Bay, Oakland, California

“We are delighted to partner with NCIF and support the Erie Elementary graduates. It is our pleasure.”

— FaruK Daudbasic, Senior Vice President , First Eagle Bank, Chicago, Illinois

“NCIF is a collaborative family who cares about the little people in businesses.”

— Jacqueline Boles, Senior Vice President, Retail Banking, Industrial Bank, Washington, DC

“We appreciate the opportunity to partially match and help deploy funds allocated under NCIFCares to our organizations throughout Indian Country.”

— Thomas Ogaard, President & CEO, Native American Bank, Denver, Colorado

“The NCIFCares initiative answers the call to demonstrate care and compassion at a time when it is needed the most.”

— Ronald Milsap, Vice President, Mission Deposits & CRA Officer, Providence Bank & Trust, Chicago, Illinois

“NCIFCares initiative provides a much-needed injection of critical funding at a time when small businesses are struggling with the ongoing effects of the pandemic.”

— Karama Neal, President, Southern Bancorp Community Partners, Little Rock, Arkansas

“As part of an ongoing partnership, NCIF created a program providing grants that was intended to stabilize small businesses. The emphasis on providing monetary relief to these businesses gave them the resources they needed.”

— Robert R. Jones, III, President & CEO, United Bank, Birmingham, Alabama