More on the FDIC & NCUA

Federal Deposit Insurance Corporation. This FDIC website gives detailed information about how FDIC insurance works and what it covers and provides tools to help determine whether a bank is covered.

National Credit Union Administration. The NCUA regulates credit unions. Through their website, you can research credit unions and determine whether they are covered by NCUA insurance.

Values-Aligned Banking Options

Mighty Deposits. This website is one of the best resources for finding a values-aligned bank or credit union. It makes the process absolutely simple. Specify what issue you want your money to support, and the site will return a list of options. Issues include sustainability, racial equity, housing, and small farms. Mighty Deposits may be all you need to find your new bank. However, if you want to research a specific type of financial institution, the following resources are also helpful.

Aspiration Bank (online only). From the beginning, Aspiration set out to provide its customers with ethical and sustainable banking services. Everything the company does is geared toward that objective.

GABV Banks. Members of this alliance are financial institutions that aim to deliver sustainable economic, social, and environmental development. Members may be in the US only or international.

B-Corps. Visit the B-Corp website to find financial institutions that have built social values into the core of their business. The Good Trade blog highlights seven recommended B-Corp banks and financial institutions, providing descriptions of each.

National Credit Union Administration. The NCUA regulates credit unions. This link leads to an easy-to-use tool that can help you find a local credit union. The site DepositAccounts links to credit unions that don’t restrict who can join.

Community Development Financial Institutions. This site will not only help you find a CDFI, it will fill you in on most anything you want to know about these banking alternatives.

BankLocal. If you want to find a community bank near you, and the above resources are not enough, try this site. It not only provides a list of local community banks, it will also rank them for you and provide some insight into their impact. If you still can’t find an institution near you, check out Independent Community Bankers of America, which provides a comprehensive listing of independent local banks.

Credit Card Options

Green America. If you are ready to change your credit card, this site can help you find alternatives that support issues such as clean water, the Amazon rainforest, and a sustainable future. Green America is committed to helping the consumer find a value-oriented credit card. This non-profit business harnesses the strength of consumers and the marketplace to fund a socially just and economically sustainable society.