Announcing the Launch of Clubhouse Café

Starting as a grassroots soccer program, South Bronx United has transformed from a soccer program into a multifaceted organization— expanding its services far beyond the soccer field and now serving over 1600 young people and their families. From offering academic and career support to social work and immigration services, South Bronx United is a community resource.

At Spring Bank, we’ve had the opportunity to work and partner with many committed Bronx-based nonprofit organizations. As one of a few community banks in Bronx, New York, we take seriously our role as lender, banker, and financial partner. Today, we are introducing South Bronx United, their youth empowerment work, and the exciting launch of their new Clubhouse Café!

“It’s about reevaluating what the community needs, what’s working well and what’s not, how we can do better to serve the students and families we’re already serving and who are we missing as well,” says Andrew So, South Bronx United’s Executive Director.

Realizing that young people faced many barriers after leaving the soccer field, South Bronx United combined the recreational sports program with professional development programs. By tapping into the passion for soccer, the organization engages young people and finds innovative ways to support their diverse needs.

In 2010, the second year of the soccer program, South Bronx United started offering free after-school tutoring and college prep nights. The coaches also served as mentors and teachers, discussing the value of academics and developing leadership skills.

“We provided the students a chance to compete, practice, play in a league, and then we realized pretty quickly that we could do a lot more and have a much bigger impact than just soccer,” Andrew says. “It’s powerful when you start with what a young person loves to do or what they’re really interested in. That’s what really engages them long-term.”

Additionally, South Bronx United recognizes the importance of holistic and family support. Their first full-time hire was a social worker.

“Even if they have a supportive family, these kids need reliable adults outside the home, especially in more challenging environments. We aim for them to feel comfortable here,” Andrew emphasizes.

In addition to their youth programs, they offer adult and family services, including immigrant and citizenship services, social gatherings, job boards, workshops, and more.

“To serve the youth, you also have to serve the family. To provide stability to a young person means helping the family find stability, too,” Andrew states.

South Bronx United’s newest endeavor is their Clubhouse Café, a “social enterprise operated by Bronx youth.” As part of their 3,000-square-foot clubhouse, where they run programs, host classrooms, and run practices on an indoor mini-soccer field, they now host a community café.

In addition to delicious coffee and treats, the Clubhouse Café serves as a training ground for students aged 16-24, providing them with job training, food handler certifications, and resume-building opportunities. The cafe aims to benefit the neighborhood and the youth, preparing them for careers and providing a space for the community to unite.

“We thought it would be great to generate additional awareness in the community and bring people in through a café for everyone,” Andrew explains.

How You Can Support South Bronx United:

  1. Visit the Cafe: Stop by River Avenue and 157th Street. Your visit not only supports Bronx youth but also contributes to the growth of a local small business.
  2. Encourage Participation: Young people of all ages, from toddlers to teens, are welcome to join South Bronx United programs. Classes in the clubhouse are open to all, and no one is turned away based on their financial situation.
  3. Make a Donation: Financial support is crucial for organizations like South Bronx United. Consider donating to help them continue their impactful work in the community.
  4. Spread the Word: Share the inspiring story of South Bronx United and encourage others to get involved.

We were introduced to South Bronx United through Rocking the Boat, a client we’ve worked with over the years who has also been having a large positive impact on youth in the South Bronx through educational programming around boat building, sailing, and environmental stewardship.

“We’ve been with [large financial institutions] since day one, but we’ve never had a personal relationship with our bankers. There’s not a branch on every corner, but the relationship and the support with Spring Bank has been fantastic,” shares Andrew.

If you are a nonprofit organization looking for personalized community-driven financial services, explore our nonprofit checking and lending programs. You can also learn how your personal checking account, personal savings account, or business checking account creates local impact for our nonprofit partners.

Mother helping her son with his Hearing Aid

 

“Where else can you get a 4% loan? I would not have been able to purchase the equipment at all. I have three more years of payments, and it’s manageable. The assistive vision technology has made all the difference for me.” — Karen Bezem, Assistive Technology Loan Program Recipient 

Are you or a loved one having challenges affording the medical devices and assistive technology you need? Hearing and vision aids, communication devices, environmental adaptations, wheelchairs, and home or vehicle modifications – can be expensive. We know that often, these types of expenses are unexpected.

That’s why we are happy to share that through our partnership with National Disability Institute (NDI)— the first national nonprofit committed exclusively to financial education and empowerment for people with disabilities—individuals can purchase devices they need without getting caught in high-interest debt. Spring Bank and National Disability Institute can help you find and afford assistive technology through the Assistive Technology Loan Program.

The NDI Assistive Technology Loan Program includes a loan of up to $45,000 with competitive interest rates and no credit score requirements for residents of New York and New Jersey. Built into the program is also the opportunity to build credit with every timely loan payment reported to credit bureaus.

Assistive technology products or devices that can improve your independence and quality of life may include:

  • Computer equipment
  • Hearing aids
  • Vision aids
  • Modified vehicles
  • Scooters/wheelchairs 
  • Accessible bathrooms
  • Smart home technology

“Spring Bank is very generous. We found out together that a credit score and debt-to-income ratio aren’t as important as being able to verify that a person can afford their monthly expenses, that they are addressing their outstanding credit, and that they can afford the costs of these loans, too,” says Laurie Schaller, Manager Financial Empowerment at National Disability Institute.

Additionally, Laurie and her team at NDI will work as your financial guides, ensuring you can afford the technology you need before you take out the loan. They can help you create a spending plan and understand any benefits you may be eligible for to help people afford their monthly expenses. NDI may even be able to help you find additional funding to help reduce the size of the needed loan; this may be helpful for people who need to hire a contractor for home adjustments for a wheelchair or need a modified vehicle with hand controls, for example.

“For the majority of people who call us, we can usually find a grant or other line of funding to help them purchase the assistive technology and maybe reduce the amount of loan they need,” explains Laurie.

The Assistive Technology Loan Program provides affordable loans of up to $45,000 for the purchase or refinance of assistive technology to residents of New Jersey and New York. Learn more about this opportunity or contact NDI at 202.449.9521

Learn an easy way to alleviate stress in the workplace. 

Money is the number one stress for all Americans, higher than work stresses, family responsibilities, and health concerns.*

New York City— continues to make the top five of most expensive cities in the United States. With rising inflation, income does not always equate to financial security. It feels like money is tight for all of us, and many of us know all too well, that circumstances can change quickly, impacting financial goals. 

That’s why we designed our Employee Opportunity Program. Let your employees know you care in a tangible way, and help them access funds to manage unforeseen expenses—and not get caught in cycles of debt and stress. Through our Employee Opportunity Program, you can help your employees learn to build credit and personal savings, receive free financial counseling, and access our Employee Opportunity Loan

We often describe the Employee Opportunity Program as a financial health benefit, part of your larger employee benefits package. When you join the program, we partner with you, too. 

Learn more about how you or your employer can build a financially healthier workforce through the many benefits of our Employee Opportunity Program in this video above & linked here, too:

https://spring.community/employeeoppprogram

 *73 percent of Americans rank their finances as the number one stress in life, according to new Capital One CreditWise survey.

Jason Garcia, Credit Analyst, a Spring Bank Staff Feature

We’re a Bronx-based community bank in NY dedicated to helping our community and the greater New York City area thrive with affordable banking products. We couldn’t do this without the compassionate and talented people that make up our team. This month, we spotlight Credit Analyst, Jason Garcia, and his contributions to the commercial lending team.

Born and raised in Brooklyn, Jason graduated from Brooklyn College with a degree in finance. A long-time athlete, he launched his career as a middle school basketball coach, and highly valued the opportunity to witness his team grow and improve their game. The discipline and teamwork he taught them were transferable skills he brought to our lending team at Spring Bank when he joined us in October of 2021.

“I’ve always wanted to pursue banking as a long-term career, and the teamwork and leadership training I learned as a coach equipped me in commercial real estate lending,” Jason shares.

As a Credit Analyst, Jason works on underwriting loans as part of our small business lending services. He also improves the annual review process for regulatory requirements by institutions like the FDIC. Jason has learned many aspects of working on the lending team — from portfolio management to auditing and underwriting. He loves educating clients and wearing various hats.

“Being a part of a community bank requires performing in multiple roles so that the lending process runs smoothly, and our clients are well informed and confident in their loan,” says Jason.

For example, Jason guided Kings Co Imperial Chinese restaurant in Williamsburg in securing their first commercial real estate purchase. This is a significant win; a restaurant that owns property in New York City is an asset if the business encounters risk.

“The lending team at Spring Bank is highly committed to the long-term success of our clients. We customize each experience, and integrity and teamwork are always present.”

Jason is also pursuing an MBA at Baruch College. He’s adjusted to balancing his time between work, school, and leisure activities and looks forward to a spring 2024 graduation. He aspires to move into a managerial role and support the launch of our upcoming Brooklyn location.

The value of building a relationship with a small bank is that you will receive personal, one-on-one support. We will work to get a loan that meets your needs while being transparent about the information and the loan process. Our unique services are tailored to fit your financial goals and situation.

We’re grateful to have people like Jason on our team who bring compassion and ambition to our community. Our small business account clients receive an exceptional experience and build meaningful relationships thanks to our small business and commercial lending teams. Contact us if you want to expand your small business or open a small business account.

Wheated Brooklyn — 10 Years of Pizza & Bagels in Ditmas Park

A Spring Bank Small Business Feature 

The best bagels at a Brooklyn pizza shop, anyone? If you’re a bagel lover like so many New Yorkers, you know the bagel shop options are abundant, and the competition is fierce. But when you’re a pizza shop that’s won “Best of the Boroughs” and third place for “Overall Best of the Fest” at New York Bagel Fest 2023, you know you’ve got both New York staples covered in one location.

Meet Wheated, a neighborhood pizzeria in Ditmas Park, Brooklyn, making big waves in the New York pizza scene, and one of our small business clients. Founder and owner David Sheridan grew up cooking and feasting with his Italian family over Sunday dinner. 

“My parents are foodies. I was seven or eight years old the first time I ate sushi. As a teenager, I sought out new foods all the time. My parents exposed me to new foods often; I need to thank them more for that,” says David. 

An avid baker, David and his wife hosted pizza-tasting gatherings in their backyard in Queens a few years before opening Wheated. They experimented with dough, sauces, style, and brand identity.  Ten years later, Wheated celebrates its anniversary this year with expansion. We are so proud to be part of their story.

After searching for the right location for two years, David called us about our commercial real estate lending options. Wood-fired pizza was making a comeback in NYC, and our Chief Lending Officer, Akbar Rizvi, knew it was a great opportunity. 

“2023 has been our busiest year yet. We have grown slowly and steadily, quality over quantity. Now, I’m proud to say we are a New York City destination pizzeria,” says David. 

With three distinct styles of dough — roll out, hand pressed, and New Haven—Wheated creates pizzas named after Brooklyn neighborhoods, including the Bay Ridge, Cobble Hill, Borough Park, and, of course, the Ditmas Park pizza.  Their award-winning bagels and breakfast sandwiches on homemade biscuits are available most mornings, and at night, their handcrafted cocktail list is, too.

“We’ve been lucky. Except for pandemic years, we’ve always made a profit. Our earnings would be more of an issue if we did not own the building. But by owning the space, we know the investment offsets other costs,” says David. 

To David, the “recipe for a great restaurant location” meant there was no pizzeria or bagel shop competition in the immediate vicinity and close enough to public transportation and his family’s home since the 1920s.

“The biggest advice I have for small business owners is to think wisely about and negotiate a buying price before you sign the papers. It was a big deal for us to buy the property, and the SBA loan from Spring Bank made it happen,” says David. 

Wheated was David’s first entrepreneurial endeavor, but not the last.  David and his business partners are working on the build-out for their next pizzeria in Kentucky and plan to open a bagel shop in Brooklyn next year.

“It has been fantastic to work with a community bank. Spring Bank cares. You can talk to them on the phone when needed; they have your back. They will give you a call, for example, to avoid overdraft fees when you forget to move money around,” says David. “We are also very grateful to Spring Bank for helping us navigate and take advantage of both rounds of PPP lending.” 

Follow Wheated on Instagram @wheatedbrooklyn. Visit them on Church Ave, just off the B/Q, F/G. Check out their award-winning bagel feature @bagelfest. And if you’re still wondering how to get to Ditmas Park, read a 2012 feature on Wheated after they first opened in the neighborhood. 

Are you a small business owner looking for a commercial real estate loan? Learn more and read how we also helped Empire Tools expand. You can also check out the benefits of our business checking accounts and small business accounts. Our team can help you open a new business checking account

Our team with local Bronx nonprofit Rocking the Boat

As we approach the end of 2023, we look back, grateful to be a trusted financial partner to dozens of community-based organizations across the South Bronx and New York City, who are dedicated to transforming education, empowering women artists and entrepreneurs, environmental and climate justice, among many other causes. This year, on Giving Tuesday, we feature a selection of the nonprofit organizations we’ve been proud to partner with below. We invite you to consider supporting one or many of them with your volunteer time, donation, or advocacy.

Ariva

As a bank in Bronx, New York, we know financial mastery and stability are vital for community growth. That’s why we proudly support Ariva, an organization that provides free financial counseling and tax preparation services to low-income individuals. Our partnership highlights mission-aligned collaboration’s power to build economic resilience and financial empowerment within the Bronx community.

Learn More: ariva.org
Read: “When Missions Align: Shining the Spotlight on Our Partner Ariva”

BronxWorks

With a focus on helping individuals and families improve their economic and social well-being, Bronxworks has been a cornerstone of community empowerment since 1972. Their dedication to providing essential services, educational programs, and resources aligns perfectly with our values. We were honored to be by their side as they uplifted the community through the troubling times of the pandemic, and we continue to support their social services.

Learn More: bronxworks.org

Read:BronxWorks: Adapting to Change and Changing Bronxites Lives”

Bronx River Alliance

We’ve had the privilege to collaborate with this organization on its mission to protect, improve, and restore the Bronx River ecosystem, which directly impacts the local environment and community. The Bronx River Alliance serves as an agent of the river and engages the community in building a connection with the environment and one another. We recognize the significance of this work and proudly support the Bronx River Alliance’s initiatives.

Learn More: bronxriver.org

Read: “Change Flowing Through Our Community: The Bronx River Alliance”

Family Life Academy Charter Schools (FLACS)

Fostering education in our community is a priority for us, and we applaud FLACS’ dedication to providing high-quality education and preparing students for success. FLACS holds a commitment to supporting primarily immigrant students and English language learners. By supporting FLACS, we contribute to the educational advancement of Bronx youth, elevating our community’s future.

Learn More: flacsnyc.com

Read: “A Community-Grown Charter School in The Bronx, FLACS”

Floating Hospital

With a history in New York City for over a century and a half, The Floating Hospital provides a healthcare safety net to nearly 27,000 children and their adults annually. Nearly 100% of the unhoused families we serve — 40% of whom are children — report living below the Federal Poverty Line. The Floating Hospital never turns anyone away; it is one of their core commitments. In a city where access to quality healthcare is often a privilege, they are a beacon of inclusivity.

Learn More: thefloatinghospital.org

Health & Housing Consortium

A Bronx-founded collaborative network of health care, housing, homeless and social service organizations, and government partners with the shared goal of improving health equity and housing stability by fostering cross-sector relationships, informing policy, and building the capacity of frontline workers to support people with unmet health and housing needs.

Learn More: healthandhousingconsortium.org

Hester Street 

Hester Street is an urban planning, design, and development nonprofit that ensures neighborhoods are shaped by the people who live there. They offer planning, design, and community development technical assistance to community-based organizations, government, and other agencies. Their goal is equitable, sustainable, and resilient neighborhoods and cities.

Learn More: hesterstreet.org 

Kota Alliance

Founded in 2015, the Kota Alliance serves as an incubator and hub for gender equality. Individuals, partner nonprofits, and entrepreneurs empower women and girls both locally and globally through collaboration and advocacy. As an umbrella organization, they elevate collaboration across borders for women-centered nonprofits, social enterprises, and entrepreneurs. 

Learn More: kota-alliance.org

Read: The Kota Alliance: Changing Lives Through Empowerment

Rocking the Boat

In flowing down the stream of change, we’ve had the honor of elevating another coastal-based nonprofit. Rocking the Boat empowers young people from the Bronx through hands-on education on boat building and environmental stewardship. We recognize the importance of investing in our youth, who are paving the way for the future. Rocking the Boat’s free public programs, like community rows and youth development, are transformational.

Learn More: rockingtheboat.org

Read: “The Bronx is A Place Where Everything Is Possible: In Conversation with Rocking the Boat.”

South Bronx United

South Bronx United provides academic support, college prep, mentoring, workforce development, immigration legal services, and more while using soccer as a vehicle for social change. 

Learn More: southbronxunited.org

The Inspired Community Project

A nonprofit research organization, The Inspired Community Project provides no-cost early intervention services to neurodivergent children, advocacy coaching for their families, and specialized career training and certification support for Bronx community members in the name of best practice research!

Learn More: theinspiredcommunityproject.org

YMCA Bronx

Another organization we stand beside is the YMCA. Their wide-ranging programs and services, aimed at improving health, building community, and fostering youth development, greatly benefit the Bronx community. The YMCA Bronx is the hub for individual wellness and community cultivation.

Learn More: ymcanyc.org/locations/northeast-bronx-ymca 

A Mission-Driven Lender to Nonprofits

As we celebrate Giving Tuesday, we reaffirm our dedication to empowering Bronx communities through these partnerships with local nonprofits. By providing access to capital and resources, we aim to drive positive change and contribute to the overall financial well-being and health of the Bronx community.

We offer nonprofit organizations affordable checking and savings account options and nonprofit lending, too. Learn more about our nonprofit banking opportunities and how we can support your organization. Read more about what it means for our team and community to be one of the only mission-driven banks in NY.

 

After a historical hiatus throughout the pandemic, borrowers now face federal student loan repayment. Evaluating your full financial picture and making a repayment plan can go a long way toward reducing stress and uncertainty. Unsure where to start? Here are a few tips from our nonprofit partner, GreenPath Financial Wellness. 

Verify servicer(s). 

As an outcome of contract transfers and terminations mid-pandemic, your servicer(s) may have changed since 2020. You may need to confirm who will receive future payments and ensure they have your updated contact information. 

If you have private loans, review any correspondence you’ve received from your original loan servicer, reach out to your school’s financial aid office for help tracking that information, or visit AnnualCreditReport.com for a free weekly report that lists loans in your name.  

If you have federal loans, visiting the Federal Student Aid website is the simplest, most efficient way to access your federal loan information and verify current servicers. You’ll first need to log in with your FSA ID (create one here if you don’t have one already.) Once logged in, you can view your original principal amount, current balance, and interest rate as well.

Evaluate repayment. 

A lot can change in three years. Is your student loan payment still affordable? Check out the Department of Education’s Loan Simulator to help decide what repayment strategy fits your priorities—for example, do you value a lower monthly payment or a faster payoff? Look into an income-driven repayment plan that considers your current earnings and can lower your monthly payment. 

Set aside savings.

Once you know your monthly loan payment, transfer that amount to a separate savings account, starting immediately. By accounting for this reduction in your budget sooner rather than later, you’ll lessen the initial impact of repayment (since you’ll now have money set aside), and you’ll be back in the habit of making this a monthly routine. With one of the best savings accounts online, we offer competitive interest rates to help you save while you repay. 

Consider consolidation.

Depending on whether you have federal loans, private loans, or a combination, loan consolidation could potentially reduce your payment burden. For federal loans, you can apply for a Direct Consolidation Loan, which allows you to combine education loans with zero application costs, and most people complete the process in 30 minutes or less. 

Seek support.
If you’re feeling overwhelmed at the prospect of repayment, you don’t have to figure it all out on your own! AS a community bank in Bronx, NY, we partner with GreenPath Financial Wellness, which offers free student loan counseling. GreenPath counselors help you look at your total financial picture to develop a personalized repayment plan, including how to simultaneously contribute to your personal savings account as you get out of debt. 

Learn more about our partnership with GreenPath Financial Wellness and how you can access free financial counseling.  

This article is shared by our partners at GreenPath Financial Wellness, a trusted national non-profit.

The Floating Hospital: A Nonprofit Feature 

“At The Floating Hospital, we’ve always been deeply committed to addressing the immediate health needs of our patients. Beyond that, it’s crucial for us to stand with them, offering resources and steadfast support for their stable, healthy future and positive contributions to the community. Our values resonate strongly with the dedication Spring Bank has shown to the community, and we’re grateful to align with a partner that shares our profound commitment.” — Sean T. Granahan, Esq., President and General Counsel, The Floating Hospital

Nonprofits are the backbone of positive change and community uplift. At Spring Bank, we are committed to supporting these transformative organizations, providing them with the financial tools they need to thrive and make a lasting impact. We are proud to spotlight one of our customers, The Floating Hospital, an inspiring healthcare nonprofit building a healthy future for New York City’s most vulnerable children and their families.

Established over a century and a half ago, The Floating Hospital has a rich history rooted in serving children and their caretakers through charter boat rides. These boats allowed the hospital to offer healthcare and relief from urban overcrowding and sickness. While its focus has evolved, its unwavering commitment to health justice and community remains steadfast. Today, The Floating Hospital is a pillar of hope, providing comprehensive medical services, educational programs, and urgently needed food, clothing, and supplies that support underserved individuals and families.

One of the standout elements in The Floating Hospital’s offerings is Camp Rise Up, its educational program and camp for youth living in the city’s family homeless shelters and domestic violence safe houses. These initiatives enrich young minds and equip children with the tools they need to achieve happy and stable futures. Through nurturing their intellectual growth, these programs instill joy, teach employable skills, and create memorable experiences for youth. Spring Bank is honored to support these transformative opportunities that foster generational change in our communities.

“We offer a diverse yet focused program at Camp Rise Up. We start with sexual health and socio-emotional learning and move on to financial literacy, stress management, and leadership—skills they will need to succeed in school, gain fulfilling employment, and embark on a hopeful life trajectory,” says Meghan Miller, MPH, EdD, Director of Health Education, The Floating Hospital.

The Floating Hospital never turns anyone away; it is one of their core commitments. In a city where access to quality healthcare is often a privilege, they are a beacon of inclusivity. This value is a promise they uphold, providing essential medical care to all, regardless of insurance status, race, ethnicity, religion, gender identity, or immigration. This dedication to equitable healthcare aligns with Spring Bank’s values of fostering a stronger and more inclusive community.

Just as The Floating Hospital is committed to serving the community, Spring Bank is dedicated to supporting the growth and impact of nonprofits. We understand the unique financial needs of these organizations, and that’s why we offer specialized nonprofit banking services. From new business bank accounts and small business accounts to comprehensive business checking account options and commercial lending services, our products are designed to cater to your specific requirements. We are proud to be one of the banks in Bronx, New York, that plays a role in the success of organizations like The Floating Hospital.

The Floating Hospital‘s journey symbolizes hope, reminding us that compassion and resilience can transform lives. We are honored to be a partner in this journey, providing financial solutions for nonprofits like The Floating Hospital and our other nonprofit partners.

Whether you’re looking for a new business bank account, commercial lending, or other small business accounts, Spring Bank provides the support you need to flourish. Discover our nonprofit banking services today.

“This is more than a bank, more than a place to deposit cash or checks. Spring Bank is a place that recognizes the unique needs of each client and actively works to ensure these needs are met and exceeded. At Spring Bank, the client comes first.” – Mina Ivkovic, Credit Analyst Intern

We’re excited to have Mina Ivkovic, an incoming senior at the University of Chicago, interning with us this summer. Her passion for personal finance and economics, corporate finance skills, and positive attitude bring value to our team and overall mission. We sat down with Mina to learn more about what drives her and her experience.

“I love Spring Bank, and I value how much I can learn from the people around me,” she says.

Mina loves learning and her studies inspire her. She is currently double majoring in economics and history. Her background in finance started in high school when she got involved with Rock the Street, Wall Street where she learned about the financial industry and developed her understanding of women in that field at the corporate level. Since then, Mina has learned more about working in banking, from portfolio management to corporate risk management, finance research and more. She is a research assistant for an economics lab at the University of Chicago, in addition to having worked at a financial startup and completed an internship at BlackRock’s Summer Excellence program.

Combining her passion for economics and experience in finance, Mina sought an internship with us and landed a position as a Credit Analyst Intern.  While some traditional internships tend to involve less hands-on work, Mina has been preparing annual reviews for commercial loans, as well as reaching out to clients who had not yet provided the bank with the necessary documents to evaluate the current condition of the loan.  As a result, she is helping the bank maintain regulatory compliance as well as providing a valued service for the Lending team.

“What I like most about being an intern here is the team. Everyone has made a genuine effort to enhance my experience at Spring Bank. From the minute I walked in, everyone knew my name,” she says.

Mina’s ambition to learn overrides any fear of asking questions, and the Spring Bank team is not afraid to offer that support. No question is a silly question here, and every opportunity is a learning one. There’s a lot of pressure as a Credit Analyst Intern to ensure the information is accurate, but Mina eagerly takes on that responsibility. Most importantly, we believe in her.

“I appreciate the trust they place in me in completing important work. The independence I’ve had has really made me feel like an integral member of the Lending team. There is no shortage of helping hands, but the team truly believes in me and my capabilities.”

Before working with us, Mina didn’t know much about the B Corp movement, but she can feel the difference working at a community bank in NY. She understands the disconnect between personal finance and education and sees Spring Bank’s determination to bridge that gap.

“It’s the way the Spring Bank team talks about clients that’s touching to me. In my personal experience as customer at larger banks, I have not felt the same level of care and attention that I’ve witnessed at Spring Bank on a daily basis. Spring Bank sees their clients as humans first.”

Mina enjoys working as a Credit Analyst Intern but looks forward to exploring other departments. She can confidently say that regardless of where she ends up, she will continue a finance career. We are grateful to have Mina on our team this summer!

Whether you are a staff member, partner, or client, we all know there’s no place like Spring Bank. Join the community bank movement and bank with us! We offer one of the best savings accounts online and other affordable banking services.

Join Us, The Equitable Commute Project, & Propel Bikes on July 31st at the Brooklyn Navy Yard

Are you a delivery worker interested in upgrading your e-bike?

In case you haven’t yet heard, New York law requires that by September 2023, all e-bikes sold in New York City must be UL-2849 certified. Because of recent fires caused by lithium batteries, this legislation is intended to keep New Yorker bikers safer with the highest safety certification available today.

As a proud member of the Equitable Commute Project, we are excited to invite you to join us for our first Bike Trade-In Event on July 31st at the Brooklyn Navy Yard [134 Flushing Ave, Brooklyn, NY 11205] along with Senator Chuck Schumer, Congresswoman Nydia Velasquez, and other officials. Our partner, Propel Bikes, will provide the new Tern Quick Haul e-bike, UL2849 certified, with two Bosch batteries. They will also offer test rides on July 12th and July 19th.

To be eligible, participants must own the e-bike and bring in their bike and at least one battery for recycling. All trade-in vehicles will be safely and sustainably recycled by My Battery Recyclers.

Take Advantage of our GoGreen Cycle Loan

At our first trade-in event, selected delivery workers can trade their e-bike for discounted UL-certified e-bike. The first 25 participants will be eligible to purchase a Tern Quick Haul e-bike with two Bosch batteries for $1,900 (plus tax). This represents a 40 percent discount from the retail price of $3,775 (plus tax). Old vehicles and batteries will be safely recycled. To cover the balance of $1,900, drivers selected for the trade-in event can apply for our GoGreen Cycle Loan.
The loan has no credit score minimum requirement, and loan applicants can use IDNYC as their primary form of identification. While no prior relationship with us at Spring Bank is required, we hope you’ll consider opening a personal checking or savings account as the most efficient way to process and make payments on a loan. As a mission-based bank, we will be happy to have you as a customer.

Learn more about the great work of the Equitable Commute Project, the E-Bike Trade-In Program, and how our GoGreen Cycle Loan works.

Questions about the Equitable Commute Project? Contact [email protected]
Questions about our GoGreen Cycle Loan Program? Contact Katherine Martinez at [email protected]