Verity Credit Union

Verity Credit Union's Successful Partnership with Zest AI Expands Credit Access to Underserved Communities

Retrieved on: 
Thursday, March 21, 2024
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SEATTLE, March 21, 2024 /PRNewswire-PRWeb/ -- Verity Credit Union, an $859 million asset financial institution in Seattle that champions socially responsible banking, announced today the measurable results of its partnership with Zest AI, the leader in AI lending technology. The two organizations came together in 2023 to establish a more inclusive process for reviewing applications for credit cards, personal loans, lines of credit, and auto loans.

Key Points: 
  • SEATTLE, March 21, 2024 /PRNewswire-PRWeb/ -- Verity Credit Union , an $859 million asset financial institution in Seattle that champions socially responsible banking, announced today the measurable results of its partnership with Zest AI , the leader in AI lending technology.
  • "Partnering with Zest AI supports our mission to co-create solutions and advocate for opportunities to grow generational wealth for all," said CEO of Verity Credit Union, Tonita Webb.
  • With the help of Zest AI's technology, Verity achieved notable increases in loan approvals for protected status applicants, who may not typically qualify based on traditional credit scoring methods.
  • "Our mission is to co-create solutions and advocate for opportunities to grow generational wealth for all," said CEO of Verity Credit Union, Tonita Webb.

Verity Credit Union's CEO Tonita Webb and Chief Impact Strategy Officer Ziquora Banks Honored for Their Profound Impact

Retrieved on: 
Tuesday, December 5, 2023
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SEATTLE, Dec. 5, 2023 /PRNewswire-PRWeb/ -- Verity Credit Union, the Seattle-based $859 million asset financial institution with a focus on socially responsible and community-rooted banking, proudly announces that its CEO, Tonita Webb has been named one of the "Most Powerful Women in Credit Unions" by American Banker, and Chief Impact Strategy Officer, Ziquora Banks, a "Rising Star" in the Luminaries Awards by Credit Union Times.

Key Points: 
  • The credit union focuses on diversity, equity, and inclusivity, addressing it deeply to ensure the organization is aligned in serving its community.
  • "I am deeply honored to be acknowledged among the most powerful women in credit unions by American Banker," said Tonita Webb, CEO of Verity.
  • "It's a tremendous recognition to be named a Rising Star in the Credit Union Times Luminaries Awards," said Ziquora Banks, Chief Impact Strategy Officer.
  • Ziquora Banks and Tonita Webb embody the mission of Verity Credit Union in prioritizing people, the planet, and prosperity for all over the bottom line.

Evergreen Impact Housing Fund, Inland Group, and Partners Break Ground on Large-scale Affordable Housing Development in Pierce County

Retrieved on: 
Wednesday, July 19, 2023
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SPANAWAY, Wash., July 19, 2023 /PRNewswire/ -- Evergreen Impact Housing Fund (EIHF) and Inland Group are proud to announce the start of construction on Copper Way, an affordable housing development in Spanaway, Washington.

Key Points: 
  • SPANAWAY, Wash., July 19, 2023 /PRNewswire/ -- Evergreen Impact Housing Fund (EIHF) and Inland Group are proud to announce the start of construction on Copper Way, an affordable housing development in Spanaway, Washington.
  • "We are thrilled that Copper Way has broken ground," said Kris Hermanns, fund manager of EIHF at Seattle Foundation.
  • "It's crucial that we take action to bring affordable housing to Pierce County and beyond.
  • EIHF has worked closely with the Washington State Housing and Finance Commission to meet funding gaps and provide more accessible housing options.

Verity Credit Union Awarded $2.4 million in CDFI Equitable Recovery Program Grant

Retrieved on: 
Monday, April 17, 2023
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SEATTLE, April 17, 2023 /PRNewswire-PRWeb/ -- Verity Credit Union, an $859 million asset financial institution in Seattle that focuses on socially-responsible, community-rooted banking, announced today it was awarded a more than $2.4 million grant through the Equitable Recovery Program (ERP), established to support low- or moderate-income communities disproportionately impacted by the COVID-19 pandemic.

Key Points: 
  • Verity awarded a more than $2.4 million grant through the Equitable Recovery Program (ERP), established to support low- or moderate-income communities disproportionately impacted by the COVID-19 pandemic.
  • SEATTLE, April 17, 2023 /PRNewswire-PRWeb/ -- Verity Credit Union , an $859 million asset financial institution in Seattle that focuses on socially-responsible, community-rooted banking, announced today it was awarded a more than $2.4 million grant through the Equitable Recovery Program (ERP), established to support low- or moderate-income communities disproportionately impacted by the COVID-19 pandemic.
  • Verity joins other Community Development Financial Institutions (CDFI) nationwide in their commitment to partner with communities to develop and provide credit and financial products and services to underserved communities.
  • The Equitable Recovery Program Awards is part of the Consolidated Appropriations Act, 2021 (Act; Section 523 of Division N; Pub.

Verity Credit Union Partners with Zest AI to Expand Credit Union Access to Underserved Communities

Retrieved on: 
Monday, March 13, 2023
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SEATTLE, March 13, 2023 /PRNewswire-PRWeb/ -- Verity Credit Union, a $735 million asset financial institution in Seattle that focuses on socially responsible banking, announced today its partnership with Zest AI, the leader in automating underwriting with more accurate and inclusive lending insights. The partnership will provide a new process for approving credit cards, personal loans, lines of credit, and auto loans, using around 300 data points to assess credit risk, as opposed to one credit score.

Key Points: 
  • "This partnership allows us to give more people an opportunity to build a better credit score by gaining access to loans and products used in developing these scores," said Tina Narron, Chief Lending Officer at Verity Credit Union.
  • "Our AI-automated underwriting technology provides a more accurate picture of credit risk, enabling financial institutions, like Verity Credit Union to make quicker, fairer decisions for their members," said Aaron Long, Head of Sales at Zest AI.
  • "The goal here is fairer lending using AI, distributing capital to more members, addressing knowledge gaps, and helping our underserved communities build wealth," closed Narron.
  • Verity Credit Union has eight branch locations in Lynnwood, Auburn, and Seattle's Ballard, Greenwood, Beacon Hill, Northgate, Wallingford, and West Seattle neighborhoods.

Verity Credit Union Announces Fall 2022 Microgrant Recipients

Retrieved on: 
Monday, February 6, 2023
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SEATTLE, Feb. 6, 2023 /PRNewswire-PRWeb/ -- Verity Credit Union, a $735 million asset financial institution in Seattle that focuses on socially responsible banking, announced today the recipients of its Fall 2022 Microgrant application pool. Launched in 2017, Verity's Microgrant Program demonstrates its commitment to supporting underserved communities by inviting organizations and nonprofits to apply to receive these funds. The program aims to help organizations with limited access to traditional funding due to organizational size, age, or tax-exemption status.

Key Points: 
  • SEATTLE, Feb. 6, 2023 /PRNewswire-PRWeb/ -- Verity Credit Union , a $735 million asset financial institution in Seattle that focuses on socially responsible banking, announced today the recipients of its Fall 2022 Microgrant application pool.
  • Verity Credit Union's Fall 2022 Microgrant recipients are:
    Fresh Start Professional Services : a collective of BIPOC community members who provide supportive services to BIPOC youth and adults in transition – from homelessness, foster care, the justice system, and treatment facilities.
  • The Verity Microgrant will go toward their future plans for cultural exchange and community support throughout Snohomish traditional territories.
  • The program accepts applicants on a rolling basis, announcing new recipients in the spring and fall of each year.

EQS-News: READY FOR BUSINESS FUND IS DISTRIBUTING MORE THAN $200,000 IN CASH GRANTS TO 76 SMALL BUSINESSES IN WASHINGTON

Retrieved on: 
Monday, November 7, 2022
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SEATTLE, November 7, 2022 The Ready for Business Fund a relief program launched by GSBA, Washington States LGBTQ and allied chamber of commerce, and Comcast is distributing $2,500 and $4,000 cash grants to 76 small businesses throughout Washington state.

Key Points: 
  • SEATTLE, November 7, 2022 The Ready for Business Fund a relief program launched by GSBA, Washington States LGBTQ and allied chamber of commerce, and Comcast is distributing $2,500 and $4,000 cash grants to 76 small businesses throughout Washington state.
  • The Ready for Business Fund was founded in the summer of 2020 with an initial $100,000 investment from Comcast and designation of GSBA as the fund manager.
  • To date, the fund has supported more than 200 small businesses in Washington with nearly $1 million in financial support and wraparound services.
  • The Ready for Business Fund was renewed this year with an additional $75,000 in funding from Comcast and GSBA, reprising its role as the program and fund manager.

Verity Credit Union Announces Participation in Loan Program Providing Small Businesses and Nonprofits in Washington State with Low Interest Business Loans

Retrieved on: 
Wednesday, October 19, 2022
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SEATTLE, Oct. 19, 2022 /PRNewswire-PRWeb/ -- Verity Credit Union, a $735 million asset financial institution in Seattle that focuses on socially responsible banking, announced today that it has been selected to participate in the Small Business Flex Fund, providing access to growth capital for the businesses that need it most, ensuring a greater economic recovery for all of Washington.

Key Points: 
  • Small business owners and nonprofits in Washington can apply for low-interest loans of up to $150,000 through the Small Business Flex Fund .
  • Launched in June 2021, the Fund is a public-private partnership helping small businesses and nonprofits recover, expand and thrive.
  • Almost 700 loans have been made to date and there is still almost $45 million available in loans with fixed, low-interest rates of 3% and 4% available for eligible small businesses and nonprofits.
  • Verity Credit Union is a Washington credit union that believes in socially responsible banking.

DGAP-News: GSBA AND COMCAST RENEW RELIEF EFFORT FOR SMALL BUSINESSES WITH THIRD ROUND OF “READY FOR BUSINESS FUND”

Retrieved on: 
Tuesday, June 7, 2022
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Following the success of the Ready for Business Fund in 2020 and 2021, GSBA Washingtons LGBTQ+ and allied chamber of commerce and Comcast are renewing the Ready for Business Fund relief effort this year to provide more than $200,000 in grants to eligible small businesses throughout the state.

Key Points: 
  • Following the success of the Ready for Business Fund in 2020 and 2021, GSBA Washingtons LGBTQ+ and allied chamber of commerce and Comcast are renewing the Ready for Business Fund relief effort this year to provide more than $200,000 in grants to eligible small businesses throughout the state.
  • Starting Monday, June 13, small business owners may find more information and apply for Ready for Business Fund grants at theGSBA.org/ready-for-business .
  • According to a 2022 survey , almost all small businesses (97%) are concerned about inflation, and rising costs are the most significant threats small businesses currently face.
  • To offer some relief and help small businesses continue to grow and adapt, the Ready for Business Fund will provide $2,500 cash grants to more than 80 small businesses throughout Washington.

Veriti’s Direct Indexing Technology to Implement Research Affiliates' RAFI Index Strategies

Retrieved on: 
Thursday, January 13, 2022
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Veriti will utilize its innovative direct indexing technology to implement certain index strategies, including those not currently available in an ETF or mutual fund, of RAs affiliated entity, RAFI Indices .

Key Points: 
  • Veriti will utilize its innovative direct indexing technology to implement certain index strategies, including those not currently available in an ETF or mutual fund, of RAs affiliated entity, RAFI Indices .
  • RAFI Indices is the global index company of Research Affiliates and has more than 50 live strategies worldwide.
  • Research Affiliates constructs, publishes, and licenses these indices based on insights and strategies developed through their award-winning research.
  • This partnership combines Research Affiliates commitment to delivering value via their RAFI Fundamental, RAFI Single Factor, and RAFI Multi-Factor Indices with Veritis tax-efficient implementation technology thereby providing a compelling value proposition for advisors seeking after-tax outperformance for their clients.