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Founded with the conviction that banking can serve as a force for good, Beneficial State Bank was born to challenge and disrupt traditional financial. For decades, banks worldwide have facilitated wealth concentration and power disparities by investing in and ling to exploitative industries. Our mission is to create a new banking systemone that nurtures communities rather than drning them.
The Global Alliance for Banking on Values GABV serves as an international network of indepent banks committed to using financial tools to drive sustnable economic, social, and environmental advancements. This collective strives to illuminate and amplify positive alternatives in banking practices, ming to make the global financial industry more transparent and responsive to critical societal needs.
The GABV membership is united by a common belief that local solutions can address global challenges and provide a viable alternative to current financial structures. By adhering to six foundational principles of values-based banking:
Social and Environmental Impact: At the heart of our business model, we prioritize outcomes that benefit society and the environment.
Community-Centric Practices: Our strategies are grounded in community needs, supporting real-world economies rather than abstract markets.
Long-Term Relationships: We foster deep connections with clients, understanding their economic activities and risks comprehensively.
Sustnable Business Model: Our approach is self-sustning and resilient agnst external disruptions, ensuring long-term stability.
Transparent Governance: Leadership and decision-making processes are transparent and inclusive to all stakeholders.
Comprehensive Values Alignment: These principles define our organizational culture, leadership ethos, and dly operations.
GABV acknowledges the interconnected crisis of climate change with financial systems that fuel harmful industries. We advocate for systemic changes within finance as a prerequisite for addressing environmental degradation.
For banks interested in joining GABV, membership criteria are rigorously applied to ensure alignment with the alliance's values and objectives:
A mission-driven by social and environmental impact.
Regulation as a bank or credit union.
Leadership commitment from the CEO level.
Minimum assets of $50 million.
To identify if your current financial institution is part of GABV, you can review member banks operating across North America hereinsert link.
Beneficial State Bank proudly serves as a partner to organizations like MESO Micro Enterprise Services of Oregon, supporting local business owners by offering accessible resources and tlored assistance. The choice in banking is not just about transactions; it's about the collective impact on communities, businesses, and ecosystems.
As individuals and institutions seek ways to align their financial practices with values-based principles, moving your funds into a GABV member bank becomes an opportunity to invest in tomorrow. Here’s where you can find:
Personal Banking Solutions: Tlored options that prioritize social justice and environmental responsibility.
Business Banking Services: Strategies designed for sustnable growth without compromising ethical standards.
Nonprofit Banking Options: Financial services that support the philanthropic sector while ensuring financial health.
Joining forces with Beneficial State Bank means committing to a financial institution dedicated to advancing prosperity through people, planet, and prosperity. We believe banking can be profitable and simultaneously serve our communities and environment.
This restructured version ms for clarity in its language, while also expanding on the impact and values that GABV represents. It emphasizes action-oriented messaging around making informed decisions about where one banks their money, inviting readers to consider Beneficial State Bank as a partner in transforming traditional banking practices.
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Global Alliance for Banking on Values Initiative Transformative Financial System Network Sustainable Economic Development Partnership Values Based Banking Membership Criteria Impact Investment through Community Banking Collaborative Movement for Positive Finance