It is possible to benefit people in need, and the environment, simply by choosing a socially responsible bank account, or even putting extra money into community loan funds. Why not let savings sit in a green credit union or progressive bank, rather than a conventional banking account? Looking for a safe, low-yield investment, and interested in sustainable development and the environment? Then loan funding may be a great fixed-income, eco investment. There are many options for green investors, willing to accept smaller returns for the greater good.

Choosing a Green Credit Union or Bank

Credit unions by nature tend to benefit communities or small groups of people. They are non-profit, yet still federally insured institutions, which focus on members, not profit. They loan money out to the community at reasonable rates, instead of issuing loans, and then selling these debts for profit. A green credit union takes the concept of benefiting the people to a new level.

Both socially responsible banks and credit unions proactively put funds into areas that need development. While traditional banks will not give money to lower-income customers because of financial risk, progressive institutions will purposefully, yet responsibly, invest in areas which desperately need development. Minority-owned, environmentally-friendly, and community-minded businesses receive the funds which they need to thrive.