Our Members are responding quickly to the challenges posed by the COVID-19 crisis. Discover resources and ideas to help you build and support financial health solutions for your communities.
Member organizations with new solutions to add can contact network@finhealthnetwork.org.
| Organization | Type | Description | Link |
|---|---|---|---|
| Bank of America | Large Bank | Committing $100 million to increase medical response capacity, address food insecurity, increase access to learning as a result of school closures, and provide support to the world’s most vulnerable populations. | Learn More |
| BBVA Compass | Medium Bank | Committing more than $3.7 million to support organizations that are providing community support, including a distribution of $1 million in rapid response funding. | Learn More |
| Berkshire Bank | Small Bank | Set aside approximately $3 million of available capital to support efforts including engaging with partners (Massachusetts LGBTQ Chamber, the Black Economic Council of MA and others) to provide low interest rate solutions to small business impacted. Earmarking $500,000 through the Berkshire Bank Foundation for small business grants to provide business with financial flexibility and help those that do not have the ability to pay. | Learn More |
| Capital One | Large Bank | $50 million commitment of new and existing funds to support nonprofit partners who are serving local communities including relief grants to local partners who are focused on food and hunger aid, assistance to small business owners, and support for low-income individuals. Creating a corporate matching program for associates who choose to donate personal funds to select nonprofits focused on COVID-19 relief efforts. | Learn More |
| Branch | FinTech | Compiled a state-by-state guide of unemployment resources. | Learn More |
| Citizens Bank | Large Bank | $5 million commitment to relief funds in MA, PA, and RI and a Small Business Relief and Recovery program that will provide charitable contributions and other assistance aimed at helping small businesses. Customers and colleagues can enable cash-back credit cards to designate cash reward to the fund. | Learn More |
| Coastal Credit Union | Credit Union | Foundation is making $500,000 in grants to local nonprofits’ COVID-19 efforts. | Learn More |
| Commonwealth | Nonprofit – Non-direct Service | Hosting webinar on BlackRock’s Emergency Savings Initiative to help employees seeking to reduce financial burden on their employees. Dedicated web page with news and thought-leadership. | Learn More |
| Community Reinvestment Fund (CRF) | Nonprofit-Supply Chain | Partnered with the L.A. County COVID-19 Relief Fun for small businesses and Goldman Sachs 10,000 small business initiative to to bring an additional $15 million in private capital to the county’s small businesses and nonprofits through a new application portal. | Learn More |
| Consumer Action | Advocacy Organization | Created a page of resources covering employment/workers, food and meals, housing, healthcare, telecommunications/utilities, financial services, taxes and scams. | Learn More |
| Equifax | Data & Insights | Launched COVID-19 Financial Resource Center to Support Consumers. Through this new online resource center, people can gain access to articles, podcasts, videos and more to help them in the face of an economic downturn. | Learn More |
| EverFi | FinTech | For a limited time, giving customers access to a new Family Portal that will allow parents to receive direct access to EVERFI’s library of 20+ digital, standards-based courses for K-12 students on financial readiness, mental wellness, digital wellness, career exploration, prescription drug safety, and more. Published a blog post for public on how to manage working from home and promotion of mental health. | Learn More |
| Fifth Third Bank | Large Bank | Committed $8.75 million to help efforts of pandemic, $3.25 million in relief funds will go to regions served, while $5.5 million Strengthening Our Communities grant funds will go toward supporting long-term economic stability. | Learn More |
| Freddie Mac | Other | Launched a new “Here to Help” initiative to help homeowners and renters who are facing job loss, reduction in work hours, illness, or other issues related to COVID-19. The online portal features informative videos, fact sheets, mortgage loan and apartment rental lookup tools, and other resources to equip homeowners and renters with the information they need to successfully navigate their options. | Learn More |
| Humana | Insurance & Wealth | Created COVID-19 symptom self-assessment tool. | Learn More |
| Intuit | Big Tech Direct To Consumer | Donating funds to support the people served by organizations that are providing relief during this uncertain time – the United Nations COVID-19 Solidarity Response Fund for the World Health Organization and the Centers for Disease Control and Prevention. Also providing extra support to a select group of non-profits who are delivering funds and healthcare services to people around the world. Matching employee donations 2:1 for 15 non-profits in 6 countries around the world. Teaming up with GoFundMe to create a Small Business Relief Initiative to help small businesses raise money to overcome the challenges caused by COVID-19 | Learn More |
| JPMorgan Chase | Large Bank | $50 million philanthropic investment to address the immediate public health and long-term economic challenges from the COVID-19 global pandemic. $5 million to provide immediate healthcare, food and other humanitarian relief globally; $2 million to existing nonprofit partners around the world that are responding to the COVID-19 crisis in their communities; $8 million to assist small businesses vulnerable to significant economic hardships in the U.S., China and Europe. The remaining $35 million will be deployed over time to help the most vulnerable communities and people recover from the crisis and have an opportunity to benefit from future economic growth. | Learn More |
| Mastercard Worldwide | Payments | Mastercard Impact Fund, Wellcome and the Bill & Melinda Gates Foundation, are jointly committing $125 million in “seed funding” to develop treatments for coronavirus. Mastercard also contributed $300,000 to the China Development Fund and encouraged global employee donations to Give2Asia with a 1:1 match. | Learn More |
| Money Management International | Nonprofit – Supply Chain | Project Porchlight disaster recovery program: 25x increase in volume in the last month, both from partner referrals and directly from consumers. Meeting with clients whose concerns are compounded by regional weather-related disasters, including earthquakes, tornados, and flooding. We are incredibly fortunate to have the support of partners like Fannie Mae and MetLife Foundation as we transition Project Porchlight to assist those impacted by COVID-19. | Learn More |
| National Credit Union Foundation | Foundation | Provided guidance to Credit Unions on NCUA guidelines, CUAid™, and resources for members to protect their finances. Have cancelled their CU FinHealth20 conference. | Learn More |
| National Disability Institute | Nonprofit-Supply Chain | On 4/14, launched the Financial Resiliency Center – understanding that COVID-19 will have a devastating impact on the disability community’s financial and personal health, we are here to help. More than ever, people with disabilities and chronic health conditions need guidance to navigate information and news about the financial impact of the pandemic. | Learn More |
| NeighborWorks | Nonprofit – Supply Chain | Awarded $4.78 million in emergency flexible grants to 239 nonprofits to help continue their vital services to the people they serve. | Learn More |
| OneMain Financial | Monoline and Marketplace Lenders | Contributing $500,000 each to the CDC Foundation Emergency Response Fund and the FeedingAmerica COVID-19 Respond Fund, which supports food banks across the country. Providing free interactive education starting next week on the OneMain website for K-12 students, including a range of content from budgeting and saving to entrepreneurship and business skills. | Learn More |
| Oportun | MOnoline and Marketplace Lenders | Committed a total of $250,000 in donations to directly address this pandemic, including $150,000 in charitable grants for community-based efforts by nonprofits serving the most vulnerable families impacted by COVID-19, and a $100,000 grant to the Oportun Employee Assistance Fund. | Learn More |
| Opportunity Fund | Nonprofit – Supply Chain | Collaborating with funders, investors and government to ensure we have the necessary resources to keep credit flowing to Main Street borrowers. | Learn More |
| Prepare+Prosper | Nonprofit -supply chain | Answering questions via phone and email about taxes, tax filing options, ITIN application and renewals, and the Economic Impact Payments. Providing coaching for tax filing using the IRS’s Free File software options, including identifying the best software for your situation. Assistance with opening low-cost bank accounts to get tax refunds or Economic Impact Payment faster through direct deposit. Free virtual financial coaching for participants already in the program, with new participants able to apply starting in July. Coming soon! Free virtual tax preparation. | Learn More |
| Propel | FinTech | – Telling users’ stories to guide aid efforts – Partnering with GiveDirectly to send $1K to as many people as possible | Learn More |
| SaverLife | Nonprofit – Supply Chain | Using proprietary technology to respond directly to businesses and employees in need. Through partnerships with other nonprofits, including Neighborhood Trust, financial services providers and others, SaverLife made the first $1,000 payment to struggling families on Friday, April 3 – more are happening every day. Actively tracking the impact of COVID-19 on working families through transactional data – monitoring this crisis’ effect on savings, debts, income, spending, the impact of government stimulus payments, and more. | Learn More |
| Prudential Financial, Inc. | Insurance & Wealth | Donated 153,000 face masks—including 75,000 n95 respirators—for health care workers in New Jersey Committed $1.5 million in funding for local businesses and community support, both in the U.S. and internationally. | Learn More |
| Regions Bank | Large Bank | Regions Foundation is initially committing $2.5 million toward organizations that support small-business sustainability and recovery. | Learn More |
| Servus Credit Union | Credit Union | Donating $50,000 to support mental health services in Alberta, primarily to support distress centres that operate Alberta’s 211 helpline. | Learn More |
| Santander Bank | Medium Bank | $25 million in financing to CDFIs to fund small business loans across footprint. Will expedite grant funding and payments where possible to help sustain nonprofit operations | Learn More |
| Steady | FinTech | Steady is focused on providing the soon-to-be-millions of workers who are being laid off / hours reduced with the best possible income mitigators such as guidance to where work actually exists, how to generate extra income and quickly launching other tools to help workers do the best they can to survive. | Learn More |
| Self | Small Bank | Provided stipend to employees to spend locally and help in the local community | Learn More |
| TD Ameritrade | Insurance & Wealth | – Pledged $1 Million to the CDC Foundation’s Combat Coronavirus Fund – Pledged $500,000 to Feeding America’s COVID-19 Response Fund – Opened up our Community Grants Program to organizations impacted by and/or working to meet urgent local community needs resulting from COVID-19. – Increased our employee Matching Gifts Program from a one-to-one match to a two-to-one match for donations to any eligible nonprofit organization from April 8th through May 31st. – Encouraging Associates to continue utilizing our Dollars for Doers program to support eligible nonprofits of their choice, via virtual and/or socially distant volunteer opportunities. – As a member of the American Red Cross Disaster Responder Program, made a proactive annual commitment of $250,000 to ensure Red Cross can respond immediately whenever and wherever help is needed. – Accelerated the launch of our online financial literacy education for youth through our collaboration with 4-H. The 4-H STEM Lab is available to provide kids and educators with more online educational resources. | Learn More |
| Unidos US | Advocacy Organization | Canceled/postponed events and all non-essential travel and requested all staff work remotely. They are also updating a bilingual Spanish/English webpage with updates on COVID-19. Meeting virtually with our Affiliate leaders in a listening session to learn more about how this crisis is impacting their organizations and how the Latino families they serve are being affected. As we learn more, we will share more about how we are providing support to our community-based Affiliate network. | Learn More |
| Wells Fargo | Large Bank | The Wells Fargo Foundation will distribute $175 million in donations to help address food, shelter, small business and housing stability, as well as to provide help to public health organizations and is creating the Coronavirus Pandemic Financial Resilience Resource Center to help 100 million people with disabilities and chronic health conditions with financial counseling. | Learn More |
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