ally.com Contact Help Search Our Company Social Impact Careers Investor Relations Press Room Suppliers Economic Mobility Helping People Achieve Their Financial Dreams Ally is driven by a deep belief in helping people achieve their financial dreams. We affirm this belief by supporting efforts that increase economic mobility for individuals, families and communities. Why Economic Mobility Matters Economic mobility is defined as the ability of an individual, family or other group to improve their economic status- usually measured by income. As an organization, we recognize that the issue of economic mobility affects all Americans – especially the most vulnerable of society. We support economic mobility for all. It’s not about throwing dollars at the problem. It’s about connecting, collaborating and working within the community. Providing greater access to financial education and resources not only enriches people’s lives, it helps empower them to improve their economic circumstances. Our Core Focus Areas Community Reinvestment Under the Community Reinvestment Act (CRA), banks are required to meet the credit needs of the communities they serve. In 2020, Ally Bank received our second consecutive "Outstanding,"— the highest possible CRA rating—for: Making more than $1 billion in community development investments. Making over $710 million in community development loans. Donating $3 million to nonprofit organizations. Providing over 2,200 service hours through volunteer work. The "Outstanding" rating was only given to about 10 percent of all banks evaluated in 2019. We have committed to invest $3.7 billion in communities over a three-year period through initiatives that support affordable housing, economic development and community services. Some of our investments and loans include: University Growth Fund Ally Bank was the lead investor in a student-led community development venture capital fund, University Growth Fund II (UGF). UGF is a highly innovative investment fund that provides equity capital to small businesses while also giving student associates from different universities an unparalleled, real-world educational experience in venture capital and private equity investing. According to UGF, students who participate in this program have a 100% job placement rate with wages that are significantly higher than peers. SDS Affordable Housing Fund Ally Bank was also a lead investor in SDS Supportive Housing Fund, a first-of-its-kind community impact fund designed to address California’s homelessness crisis. The fund will finance the construction of permanent supportive housing for homeless individuals and families while revitalizing some of California’s most distressed communities. The Other Side Academy The Other Side Academy (TOSA) is a Utah-based nonprofit organization providing a free two-year residential and educational program for formerly incarcerated individuals. The goal is to help these individuals (students) lead successful, productive lives, free from crime and addiction, by allowing them to learn job skills by helping to run and work at one of TOSA’s small businesses, including an award-winning moving company, chain of thrift stores, and food trucks. Ally has supported TOSA in multiple capacities: We have provided loans to purchase two apartment buildings providing free housing to its student participants, and a warehouse building supporting the thrift boutique business. We have awarded multi-year CRA Grants supporting TOSA’s small businesses, housing for students and funding to provide match savings, in conjunction with financial education. We have made four auto loans and a large fleet line of credit, enabling TOSA to purchase trucks used for its small businesses. We teach and volunteer by providing financial education courses on a monthly basis to TOSA students. Financial Education Statistics show that many Americans lack confidence when it comes to money management. We believe education is key to changing this mindset. Our financial education initiatives arm people with the knowledge they need to feel confident in their financial future. Planet Zeee and the Money Tree Since 2017, our employees as well as the dealers and community organizations we work with have helped more than 50,000 kids and families learn smart money habits with the Ally children’s book, Planet Zeee and the Money Tree. Read the book Wallet Wise Our Wallet Wise program offers free courses and Ally-hosted live events to help people learn the financial basics, from budgeting to auto financing. Since 2011, more than 110,000 people have participated in Wallet Wise courses. Explore WalletWise Courses Affordable Housing As part of our mission to improve economic mobility, we’ve made a commitment to invest in affordable housing efforts. Habitat for Humanity Habitat for Humanity believes everyone deserves a decent place to live and we agree. Not only does Ally work with Habitat for Humanity to help fund their affordable housing efforts, our employees are out there in communities helping build homes for families. Digital Job Training and Workforce Preparedness The workforce is constantly evolving and the demand for digitally savvy job candidates has never been higher. We proudly support organizations that provide training and resources to help people find new job opportunities. Dress for Success Ally and Dress for Success have a shared commitment to workforce preparedness. Dress for Success empowers women across the nation by providing them with access to professional attire and development tools to help grow their careers. Michigan Council of Women in Technology A group of Ally employees affiliated with the Michigan Council of Women in Technology regularly goes into classrooms at the Detroit International Academy for Young Women to help students build their own websites, a highly sought-after skill. Investing in a Brighter Future for All The Ally Grant program supports a variety of 501c3 organizations across the country. Like us, these organizations are dedicated to helping improve economic mobility. In 2017, we funded initiatives that helped address food insecurity, homelessness, job training and mentoring, financial education, foreclosure counseling and community revitalization. 38% 38% Education & Financial Literacy 36% 36% Community Service 11% 11% Health 7% 7% Housing 8% 8% Youth Get more information about our new grant program and apply online. Go to Ally Grants ABOUT Our Company Social Impact Careers Investor Relations Press Room Suppliers BUSINESS SOLUTIONS Corporate Finance Dealer Services Ally Ventures Ally Lending LEARN Financial Life Tips & Tools Do It Right Wallet Wise RESOURCES Contact Give Feedback ATM Locator Site Map Shop Ally Gear TERMS & PRIVACY Ally Invest Disclosures Legal Privacy Security A FEW THINGS YOU SHOULD KNOW Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company, NMLS ID 3015. Ally Bank, the company's direct banking subsidiary, offers an array of deposit, personal lending and mortgage products and services. Ally Bank is a Member FDIC and Equal Housing Lender , NMLS ID 181005. Credit products and any applicable Mortgage credit and collateral are subject to approval and additional terms and conditions apply. Programs, rates and terms and conditions are subject to change at any time without notice. Ally Servicing LLC, NMLS ID 212403 is a subsidiary of Ally Financial Inc. Options involve risk and are not suitable for all investors. Review the Characteristics and Risks of Standardized Options brochure (PDF) before you begin trading options. Options investors may lose the entire amount of their investment or more in a relatively short period of time. Trading on margin involves risk. You can lose more funds than you deposit in a margin account. Please review Margin Account Agreement and Disclosure for more information regarding margin trading. Securities products and services are offered through Ally Invest Securities LLC, member FINRA/ SIPC. You can find background on Ally Invest Securities at FINRA’s BrokerCheck. View Securities Disclosures Advisory services are offered through Ally Invest Advisors Inc., a registered investment adviser. View Advisory Disclosures Ally Invest Advisors, Ally Invest Securities, and Ally Invest Forex LLC are wholly owned subsidiaries of Ally Invest Group Inc. Ally Bank and Ally Invest Group are wholly owned subsidiaries of Ally Financial Inc. Securities products are NOT FDIC INSURED, NOT BANK GUARANTEED, and MAY LOSE VALUE. Foreign exchange (Forex) products and services are offered to self-directed investors through Ally Invest Forex LLC. NFA Member (ID #0408077), who acts as an introducing broker to GAIN Capital Group, LLC ("GAIN Capital"), a registered FCM/RFED and NFA Member (ID #0339826). Forex accounts are held and maintained at GAIN Capital. Forex accounts are NOT PROTECTED by the SIPC. View Forex Disclosures Ally and Do It Right are registered service marks of Ally Financial Inc. App Store is a service mark of Apple Inc. Google Play is a trademark of Google Inc. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license. From NerdWallet. © 2017-2021 and TM, NerdWallet, Inc. All rights reserved. From Kiplinger's Personal Finance. © 2021 The Kiplinger Washington Editors. 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