Truths and Myths of Online Banking
Online banking can offer convenience and lower fees, but not all online banks use your deposits in ways that strengthen communities. Here’s what you should know before choosing where to bank online.
More About Our Data & How It’s Updated
Our Better Banking Options search engine uses FDIC and NCUA data to rank banks and credit unions based on community-focused lending and local impact.
Why Transparency in Banking Matters for Community Development and Ethical Lending
Transparency in banking helps consumers understand how financial institutions use their deposits and whether banks are truly investing in underserved communities. As regulatory changes reduce reporting requirements for housing lending data, it becomes more difficult to evaluate which banks prioritize affordable housing, community development, and equitable lending practices.
Credit Union Designations and What They Mean
Not all credit unions are created equal. Learn what the Low-Income (LICU), Community Development (CDCU), and CDFI designations mean—and how they signal a credit union’s real commitment to serving low- and moderate-income communities.