We're Invested in Our Communities We believe in supporting our communities to empower people to build, grow, and take ownership of their financial futures. Marquee Callout Icons Small-business development We support organizations by providing capital, loans, and technical assistance to small businesses so that they can create jobs, economic growth, and opportunity Affordable housing We invest in and collaborate with developers to create quality affordable housing for renters Financial capability We support financial education, coaching, and more to help communities build economic stability and strong financial futures Empowering communities Empowering communities When communities are financially strong, our whole society is stronger. But underserved communities have historically lacked access to conventional financial products and services, affordable credit, and investment capital. We partner with local organizations embedded in the neighborhoods they serve because they know how to best address community needs. Charles Schwab Banking and Trust Services’ Community Development Group oversees our Community Reinvestment Act program. The program serves the credit needs of the communities in which we operate, including low- and moderate-income neighborhoods, consistent with safe and sound operations. It offers loans, investments, grants, and services that support affordable housing, small business and sustainable job creation, and financial education. Charles Schwab Bank Since its inception in 2004, Charles Schwab Bank has invested, lent, and granted over $2 billion to underserved communities, including: Charles Schwab Bank $2.4 billion to affordable housing $197 million to small business and sustainable job creation $7.5 million to financial education and other causes $446.8 million to home mortgages for low-and moderate-income households Fueling local small businesses Fueling local small businesses Independent and small businesses are a vital part of local economies, but they need financial resources to succeed. For these companies, gaining access to capital and credit can be especially challenging. We're proud to partner with, invest in, and lend to Community Development Financial Institutions (CDFIs) throughout the West that are pioneering new ways forward in small-business lending through microfinancing and innovative loans. Meet the small-business owners supported by Opportunity Fund See the impact: Opportunity Fund Our work with Opportunity Fund helps support small businesses and create a tangible impact for local communities. Opens in popup + Transcript Opportunity Fund: A small-business lending partner Opportunity Fund: A small-business lending partner Opportunity Fund is a nationally recognized CDFI committed to microfinance. Since 2015, Charles Schwab Bank’s $15 million loan has supported Opportunity Fund’s innovative work in helping entrepreneurs who can’t qualify at traditional banks both gain access to capital and receive the support needed to pay back their loans. By investing in small businesses, the organization helps create jobs and boost the economy. Opportunity Fund's community impact includes: Opportunity Fund: A small-business lending partner $76.4 million invested through 2,778 new small-business loans in 2020 50,733 jobs created and retained through Opportunity Fund’s small-business lending program since inception $7 million in loan payment deferral and payment forgiveness to small business owners struggling with COVID-19 in 2020 Taking on the affordable-housing crisis Taking on the affordable-housing crisis Lack of affordable housing is an urgent and ongoing crisis. As rents continue to rise, lower-income residents and families are being displaced and forced to seek new housing—sometimes far from their jobs and support networks. The effects of housing insecurity on health, education, employment, and life opportunities can be devastating. With our innovative partners and investments, we’re helping to address the issue by building and preserving more affordable housing. The Housing Partnership Equity Trust: An affordable-housing partner The Housing Partnership Equity Trust: An affordable-housing partner The Housing Partnership Equity Trust (HPET) is the first and only social-purpose Real Estate Investment Trust (REIT). The trust is a collaboration of nonprofits raising capital for affordable housing. Backed by local market knowledge, our $10 million investment in the HPET is helping to acquire and preserve rental housing that is sustainable, affordable, high-quality, and close to jobs, good schools, and other community resources. HPET's community impact includes: The Housing Partnership Equity Trust: An affordable-housing partner $86 million invested in 2019 15 multifamily residential properties developed 3,105 homes created for low-income families Helping people navigate the road to better financial capability Helping people navigate the road to better financial capability Charles Schwab Bank partners with community organizations that deliver financial literacy and coaching programs to help people take ownership of their financial futures. We believe that financially empowered people create financially strong communities. MyPath Quote-Amadeos "Learning about money management and savings helped me out in the real world. When I got my first job, I was able to save money and manage it wisely. My savings account is constantly building.” Amadeos MyPath Youth Program Assistant MyPath Innovators Co-Leader MyPath seeds economic mobility through financial education for today’s youth Opens in popup + Transcript MyPath: Building youth savings habits MyPath: Building youth savings habits Since 2011, Charles Schwab Bank has funded financial education programs for under-resourced youth across the West Coast. Through $340,000 in grants to the San Francisco–based nonprofit MyPath, we’ve helped expand the organization’s work to new cities and broaden its impact online. MyPath's community impact includes: MyPath: Building youth savings habits 13,483 youth served $6.02 million of savings 14 cities across America 0619-93X3 Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value Schwab is committed to building a diverse and inclusive workplace where everyone feels valued. As an equal employment opportunity employer, our policy is to provide equal employment opportunities to all employees and applicants without regard to any status that is protected by law (Equal Employment Opportunity policy). Schwab is also an affirmative action employer, focused on advancing women, racial and ethnic minorities, veterans, and individuals with disabilities in the workplace. We believe diversity and inclusion are part of our success as a company and our purpose of serving every client with passion and integrity. The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (Member SIPC), offers investment services and products, including Schwab brokerage accounts. Its banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides deposit and lending services and products. 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