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 Client

Content from this campaign

Philanthropy
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
Key Supports Innovative Reentry and Recycle Program
RecycleForce is a lifeline to ex-offenders.
Philanthropy
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
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
$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 & 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.
Volunteering & Community
KeyBank Offers Free Tax Preparation Services at Nine Super Refund Saturday Events on February 3
KeyBank will host its annual Super Refund Saturday event on February 3, 2018, partnering with organizations in nine communities to provide free tax season and post-tax season support. For 13 years on Super Refund Saturday, KeyBank employees have worked alongside volunteers from community organizations to provide free tax preparation services to those who need it most, helping low- to moderate-income individuals and families determine their eligibility for the Earned Income Tax Credit (EITC).

Sustainable Finance & Socially Responsible Investment
KeyBank Announces $16.5 Billion National Community Benefits Plan
AI & Technology
KeyBank's Eleventh Annual Super Refund Saturday Returns More Than $2 Million to Residents
On Saturday, February 6, 2016, 112 of KeyBank employees volunteered their time to the eleventh annual Super Refund Saturday, a one-day event that makes free individual tax preparation services available to local residents and helps low- and moderate-income earners discover their eligibility for the Earned Income Tax Credit (EITC).
AI & Technology
KeyBank Offers Free Tax Return Prep in Nine Metro Areas on February 6
On February 6, 2016, KeyBank will partner with nonprofit organizations in nine metropolitan areas across the United States to host its eleventh annual Super Refund Saturday—a one-day event during which KeyBank employees provide free, individual federal income tax preparation sessions to local low- and moderate-income wage earners, helping them determine their eligibility and apply for the Earned Income Tax Credit (EITC).

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