Union Bank offers banking to communities that are poor method of check cashing and loans which are payday. Its efforts donвЂ™t win admiration that is universal.
Driving through Bayview HunterвЂ™s aim, an undesirable, mostly African-American community near san francisco bay areaвЂ™s 3Com Park, Union Bank of California Vice Chairman
Richard Hartnack Richard Hartnack
views one of many bankвЂ™s branches and sighs: вЂњIвЂ™m in a position to state without question it is never made cash.вЂќ Then nearby the branch? Because of the reality federal government, as a quantity for approving Union BankвЂ™s merger with Ca First Bank, compelled it to find branches in low-income areas.
Farther south in to the rough Southern section that is central of . a ., it really is an image that is far various the $36 billion (assets) bank. Standing away inside their grey suit and tie this is certainly red useful content a dusty Hispanic community, Hartnack enthuses in regards towards the organizationвЂ™s bustling 15-unit Cash & Save check-cashing string, which Union has run since 1993, and its more contemporary undertaking with Carson, Calif.-based Nix Check Cashing. Continue reading →