KeyBank's Community Investment

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).

 

Content from this campaign

KeyBank Foundation Funds Excelsior University Scholarships for Syracuse Housing Authority Residents
The KeyBank Foundation is providing a $12,500 grant to Excelsior University that will provide Syracuse Housing Authority residents with access to scholarship funds. “Thank you to KeyBank for your...
Sep 9, 2022 9:00 AM ET
KeyBank, Buffalo GoGreen and African Heritage Food Co-Op Team Up To Bring Farmers Market to East Buffalo Neighborhood
In an effort to encourage sustained, meaningful and transformational change in East Buffalo, KeyBank, Buffalo GoGreen and the African Heritage Food Co-Op are partnering to bring a bi-weekly farmers market to the city’s...
Sep 7, 2022 9:00 AM ET
KeyBank Teammate Provides Food and Hope To Buffalo Community After Tragedy
Many KeyBank teammates stepped up in a time of need following the mass shooting in May at a grocery store in Buffalo, NY. But one Buffalo teammate went above and beyond to help community members heal from the tragedy. The shooting shuttered the grocery store, which was the main source of food for area residents. When...
Aug 29, 2022 9:00 AM ET
KeyBank Invests $10,000 to Support Emergency Shelter and Rehousing Program in Grand Rapids, Michigan
KeyBank is investing $10,000 in Mel Trotter Ministries in Grand Rapids, Michigan to support Pathway Home. This transformative grant is part of...
Aug 9, 2022 9:00 AM ET
KeyBank Announces $300,000 Grant to Africatown Community Land Trust
Africatown Community Land Trust (ACLT) has announced a $300,000 donation from KeyBank to expand its small business development program that helps entrepreneurs incubate and grow their companies. Currently ACLT is...
Aug 3, 2022 9:00 AM ET

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