A Tool to Find Banks that Invest in the Local Economy

The reasons to choose a community bank or credit union range from getting the same services at a lower cost to supporting productive investment instead of speculative trading. But while it’s one thing to think about the qualities that are important in our banks, it’s another to find particular local banks that are enacting them. A new tool, called Bank Local, aims to make that process easier. Bank Local maps every banking institution in the U.S., and uses data from three federal agencies, plus its own algorithm, to assign them a Local Impact Rating. Users can type their address into a bar on the site’s homepage, and find a map and list of how nearby financial institutions compare. Read the complete article and find the link to the “Bank Local” tool at -- https://ilsr.org/a-tool-to-find-banks-that-invest-in-the-local-economy/