Artificial Intelligence and Banking
Artificial intelligence is often presented as an objective tool for decision-making, but recent research suggests that AI may replicate the same racial biases already present in the banking industry. As lenders adopt these technologies, questions about fairness, transparency, and accountability are becoming more important than ever.
Interview with Jon Mulkin
In this interview, Hope Credit Union Chief Mortgage Officer Jon Mulkin reflects on four decades in mortgage lending, from leading home loan operations at Morgan Stanley to helping first-time homebuyers build wealth through Hope’s mission-driven approach. He shares insights on affordable housing, community development, racial equity, and the future of mortgage lending in underserved communities.
Why You Should Be Banking With First Federal Bank
First Federal Bank is a longstanding North Carolina community bank using local deposits to fund affordable housing and small business loans across the region.
Why you should be banking with Texas Bank Financial
Texas Bank Financial is a community-focused bank serving the Dallas-Fort Worth area with free checking accounts, modern mobile banking tools, and significant mortgage lending to low- and moderate-income households. For customers looking to move away from mega banks, it offers a more local and community-minded banking option in North Texas.
Why You Should Be Banking With Naveo Credit Union
First Federal Savings and Loan Association is a tiny but impactful local bank serving Morehead, Kentucky through affordable housing loans, small business lending, and community-focused banking. With a strong commitment to keeping deposits invested locally, the institution demonstrates how small hometown banks can play a major role in supporting rural economic development.
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.
Understanding the Different Types of Financial Institutions
Financial institutions do far more than hold checking accounts. From traditional banks and credit unions to community development loan funds and investment firms, each type of institution plays a unique role in lending, investing, and supporting local economies. Understanding how these organizations operate can help consumers make more informed and socially responsible financial decisions.
Why You Should Be Banking With Everett Co-Operative Bank
Serving the greater Boston area since 1890, Everett Co-Operative Bank is a community-owned institution dedicated to housing, small business, and local economic growth. With a 125-year legacy and modern digital tools, it remains one of Massachusetts’s most trusted local banks.