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Historical October 1994 article. Dates, prices, services and contacts describe the source period; current availability has not been established.
Since the Central West End Bank and Skinker DeBaliviere Community Council have a long history of working together, they recently applied for recognition through the Social Compact program. Social Compact is a relatively new initiative on the part of hundreds of financial service institutions to strengthen America’s neighborhoods.
It works to highlight and reward the most outstanding institution and neighborhood non-profit partnership-based efforts addressing the affordable housing, neighborhood, and economic development needs of America’s lower-income neighborhoods.
The CWE Bank has been a vital element in implementing and supporting imaginative neighborhood-based programs in active partnership with SDCC.
They have helped to initiate a Revolving Home Improvement Loan Program, whereby property-owners are eligible for lowinterest loans to make exterior improvements to their home.
The Bank’s president is an active member of the Housing Corporation as well as the Business Association. CWE Bank has funded customized pur chase rehab loans for borrowers who have purchased properties from the not-for-profit Housing Corporation, which has consistently added to the neighborhood revitalization.
The Executive Vice President of CWE Bank has served on the Council’s Board of Directors and continues to be an active member of the Neighborhood Arts Council. Through Youth Cycles, an alternative youth education program, CWE Bank has provided financial and marketing assistance through the mailing of over 4000 flyers in its monthly checking account statements which promoted the program and encouraged the donation of bicycles and bicycle parts. Since the program’s inception six months ago, 30 youth have earned bicycles. CWE also is a sponsor to the increasingly popular annual community picnic. Through its sponsorship and activism in the neighborhood’s art council, CWE Bank has assisted in the creation of YAHOO (Young Artists Hands On Opportunities!) and GEEZERS (senior citizen artists).
In the 15 years since Central West End Bank was founded by people living and working in the Skinker DeBaliviere neighborhood, CWE Bank has continued to emphasize its role as a true community bank.
With their financial and volunteer support, especially in the imaginative and effective programs these past four years, the CWE Bank and the SDCC are a true example of a continuingly successful public/private partnership within a community.
Originally published in The Times of Skinker-DeBaliviere, October 1994.
Read this article in the original newspaper issue.
Original source: SD_Times1994_10.pdf, printed page(s) 3; PDF page(s) 3.
