Albina Community Bank has announced the ten non-profits that will benefit from the bank’s LOOP Visa program in 2016.
“At Albina, we’ve always known that our success is inherently linked to our people and our communities,” said Albina President and CEO Cheryl Cebula. “We support our local community through our partnerships, sponsorships, involvement in local initiatives and employee volunteerism. Our LOOP Visa program is just one more way we are giving back to the place we call home.”
The innovative credit card program, which refers to the “loop” of community giving, has been in place since 2002 and has generated more than $170,000 in donations for its recipients. Albina customers with a LOOP Visa card select the categories they would like their purchases to support: education, health and social services, the environment, the arts, economic development – or all causes equally. Then Albina donates a percentage of total annual purchases made with the card to the selected organizations, at no cost to the cardholder.
This year’s winners were announced just before Giving Tuesday and were selected through online voting by Albina customers, friends, supporters, and community members. Approximately 30 non-profit organizations submitted an application for the program. The nonprofits selected in the economic development category were Mercy Corp Northwest and the Urban League of Portland. In the health and social services category, Street Roots and the Hollywood Farmers Market were selected. In the environment category, Oregon Wild and Friends of Gateway Green were selected. In the arts category, Aperture Project and Portland Japanese Garden were selected. The nonprofits selected in the education category were P:ear and OPAL Environmental Justice Oregon.
“We were excited to learn that we’d been voted as one of the Albina LOOP non-profits,” said Ari Rosner, Hollywood Farmers Market community volunteer coordinator. “The funds will be used for our SNAP match program, increasing the buying power of SNAP recipients. This will go a long way toward ensuring that everyone, including our low-income neighborhood residents, can access fresh, local produce from their neighborhood farmers market.”
In addition to serving nearly 500 nonprofit customers, Albina is certified as a Community Development Financial Institution that provides credit and financial services to underserved markets in the Portland area. For more information on the LOOP Visa program or on Albina Bank, visit www.albinabank.com or call (503) 287-7537.