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Webster Five receives United Way's Stoddard Award
Webster Five Foundation donates $2,000 to Center for Women & Enterprise
Webster Five Foundation donates $5,000 to NeighborWorks HomeOwnership Center of Worcester
| Welcome to Webster Five Cents Savings Bank > Community Involvement > Community Reinvestment |
Community Involvement
Community Reinvestment
The Community Reinvestment Act of 1977 is intended to encourage financial institutions to help meet the credit needs of all the communities in which they serve, including low- and moderate-income neighborhoods.*
This past year, the Massachusetts Division of Banks and the Federal Deposit Insurance Corporation awarded Webster Five an ‘Outstanding’ rating for community reinvestment in helping to meet the needs of people in our service area. The rating of ‘Outstanding’ is extremely difficult to attain and is an accomplishment Webster Five is proud to achieve. Webster Five was also a proud recipient of the United Way's Stoddard Award. This award is the highest honor the United Way bestows on an organization in recognition of outstanding leadership through exceptional employees campaigns and strong volunteer representation.
Webster Five is strengthening its ongoing commitment to participate in programs that service, upgrade, improve, and revitalize all areas of our community—including those that are underserved or in need. We are also dedicated to meeting the housing needs of all, including those of low and moderate incomes.
Here is a sampling of our most recent community involvement—all to make a difference.
Residential Mortgage Activity
The Community Reinvestment Act of 1977 is intended to encourage financial institutions to help meet the credit needs of all the communities in which they serve, including low- and moderate-income neighborhoods.*
This past year, the Massachusetts Division of Banks and the Federal Deposit Insurance Corporation awarded Webster Five an ‘Outstanding’ rating for community reinvestment in helping to meet the needs of people in our service area. The rating of ‘Outstanding’ is extremely difficult to attain and is an accomplishment Webster Five is proud to achieve. Webster Five was also a proud recipient of the United Way's Stoddard Award. This award is the highest honor the United Way bestows on an organization in recognition of outstanding leadership through exceptional employees campaigns and strong volunteer representation.
Webster Five is strengthening its ongoing commitment to participate in programs that service, upgrade, improve, and revitalize all areas of our community—including those that are underserved or in need. We are also dedicated to meeting the housing needs of all, including those of low and moderate incomes.
Here is a sampling of our most recent community involvement—all to make a difference.
Residential Mortgage Activity
- Webster Five First-Time Buyer Program
- MHFA—MassHousing, MassAdvantage, and MyCommunity
- Affordable–‘Live Where You Work’/0% Down, Home
- Purchase Program
- Webster Housing Rehabilitation Program
- Education Loans
- 'Get the Lead Out’ Loan Program
- Massachusetts Housing Partnership Fund
- United Way of Central Massachusetts, Webster-Dudley
- Worcester Community Housing Resources, Inc.
- Worcester Common Ground CDC
- Family Health Center of Worcester, Inc.
- Community Reading Day
- Central Mass Housing Alliance
- Rainbow Child Development
- The Webster Five Foundation
- Basic Banking for Massachusetts
- Saving Makes Cents
- Center for Women and Enterprise
