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New Resource news
November 7, 2013
Sustainable banks continue to significantly outperformed their “too big to fail” competitors in such key measures as return on investment, proportion of equity loaned out and strength of capital, according to an update of the Global Alliance for Banking on Values’ (GABV) groundbreaking March 2012 study.
October 11, 2013
New Resource Bank has created a new credit card program to meet the growing needs of both business and personal banking customers. Through a partnership with Elan, the bank now offers a wider variety of credit card options, including one exclusively for nonprofits.
Small businesses can choose from three cards: the Visa Business Bonus Rewards, the Business Bonus Rewards Plus, and the Visa Business Card with a 0 percent introductory rate for the first 12 billing cycles.
Other enterprise options are:
August 1, 2013
BauerFinancial, an independent bank and credit union analyst, gave New Resource Bank a five-star rating—the highest available—in its most recent reporting period.
August 1, 2013
Marsela Pecanac joined the bank in January as vice president in charge of deposits. She also manages the bank’s relationship with nonprofits, foundations and other enterprises with a social mission.
July 15, 2013
The New Resource Bank Impact CD gives customers a choice of three sustainability-related sectors to support with their deposits. Solar and alternative energy lending is still the most popular choice, followed by nonprofit and organics lending.
July 1, 2013
New Resource Bank has released an Android app version of our mobile banking system, available from the Google Play Store. Clients can also access their accounts via the bank’s iPhone and mobile browser apps.
The mobile banking application allows users to check balances, view their transaction history, and transfer funds between accounts. Business users can also approve wires and ACH transactions, as well as originate wires and ACH transactions using existing templates.
June 18, 2013
The Global Impact Investing Rating System (GIIRS) has awarded New Resource Bank an overall five-star rating, the highest possible.
GIIRS is a comprehensive and transparent system for assessing the social and environmental impact of companies and funds. Its approach is analogous to Morningstar investment rankings and Capital IQ financial analytics.
The GIIRS team rates New Resource twice yearly. The bank’s current overall score is 150, compared with an average score of 88 for other GIIRS-rated institutions in our market category (developed; 218 companies).
June 17, 2013
We’re pleased to report that Charmaine Detweiler, New Resource Bank’s CFO and executive vice president, was honored in the 2013 Bay Area CFO of the Year Awards, presented June 5 by the San Francisco Business Times and Larkin Street Youth Services. Charmaine was one of three finalists in the category of public company with revenues up to $500 million.
May 20, 2013
As traditional sources of nonprofit funding crumble, innovative platforms for attracting donors are rising to replace them. Join us June 4 for the next re:think, where Bartlomiej Jan Skorupa of Groundwork Opportunities, Katherine Woo of Kiva and Pamela Hawley of UniversalGiving will discuss using the art of storytelling to build a movement, creating funding platforms that allow nonprofits to be self-reliant and turning the shopping cart into an instrument of change by integrating crowdfunding and e-commerce models.
April 17, 2013
Ecosystem loss, carbon constraints, economic instability, volatile energy prices, and water and food scarcity are among the global drivers of change that make sustainability efforts imperative, New Resource Bank President and CEO Vince Siciliano told attendees at a March 28 event in San Francisco sponsored by Silicon Valley Microfinance Network. Siciliano and One PacificCoast Bank President Daniel Skaff were the featured speakers at “Beneficial Banking: Are YOUR Bank Deposits Changing the World?”