University Bank provides a variety of services and products including, checking and savings
accounts and consumer and commercial loans. In addition to these basic services, University Bank
has developed a number of programs that focus on community development, mainly in the lending
sectors of affordable housing and small businesses.
Houses to Homes: University
Bank finances the renovation of homes in distressed communities that are then targeted to
first-time buyers or low- to moderate-income homebuyers.
Socially Responsible Deposit
Fund (SRDF): When opening any depository account, University Bank customers have the option to
pool their account balances into the SRDF. SRDF deposits are then used to support affordable
housing, small businesses, nonprofit organizations and community services.
Lending Partnership (NLP): University Bank utilizes a self directed city-wide guarantee pool
to assist customers to purchase and rehabilitate residential or commercial real estate in Saint
Paul. Through the NLP, University Bank fills the "gap" between what a customer has for a down
payment versus what a bank requires to make the loan with a loan guarantee.
Calvert Foundation's investment in University Bank is only 0.1% of their loan portfolio, it is
leadership deposits like Calvert's that encourage others to deposit as well.