Posts Tagged ‘bank’

OneCAL SAFE

Wednesday, September 7th, 2011

Free Financial Education Classes are offered at:

OnePacific Coast Foundation

1438 Webster St., Ste. 101

Oakland, CA  94612

Classes for individuals:  Tuesdays 9:30-11:30am, 12:30-2:30pm, 4:30-6:30pm

OneCAL SAFE (Checking and Lifetime Savings Accounts with Financial Education) is an initiative of OneCalifornia Foundation, which in partnership with Bay Area non-profit organizations, works to provide low-income individuals and emerging small businesses with access to financial education and fair banking services.  Call 510.663.2253 x301 to register for a class.

Nonprofit Builder & Business Builder Loans

Friday, August 26th, 2011

New Loan Program to grow Nonprofit Organizations and Small Businesses

One PacificCoast Bank is now offering loans for nonprofits and businesses to help grow small enterprises. Business and Nonprofit Builder loans are from $5,000 to $25,000 and can be used to refinance business debt, purchase equipment, finance inventory and accounts receivable, tenant improvements, or other working capital needs. Loans cannot be used to repay personal debt.

Existing nonprofits or businesses with over three years of operations and profitability in the past year can apply. Loan terms range from two to four years and payments are made in monthly principal & interest installments. Collateral is required and there is a $100 application fee. For more information, please contact Cara Wick at 510.550.8431 or email cwick@opcb.com.

We are excited to be one of the few banks that provide loans to nonprofit organizations in the Bay Area!

One PacificCoast is Seeking Partners for Pal – Our Employee Assistance Loan Program

Friday, August 26th, 2011

New Fair & Manageable Alternative to Payday Loans

Seeking Partners for Pilot Alternative to Payday Loans

One PacificCoast Bank is excited to announce its pilot of a new alternative to payday loans: the Pal loan. This program will allow individuals to borrow from $500-$1000 dollars to cover an unexpected expense and pay it back in small monthly installments of 8-12 months. This loan is intended to provide a manageable alternative to expensive payday and car title loans that often keep people trapped in debt cycle.

In addition to the loan itself, this program can help build credit, includes financial tips and tools, and provides incentives to save. Our optional Automatic Payment and Savings program includes an immediate $25 incentive that gets deposited into a new free savings account for the borrower. Upon repayment, the same monthly amount will automatically transfer into their savings account each month until/unless the former borrower cancels it.

The program meets or exceeds the FDIC’s guidelines for small dollar loans, with an interest rate of 18% and a $30 financed loan origination fee. This fee is incorporated into the monthly loan payments; it is not paid up front.

The program launched on July 15th 2011 with four partner employers, and One PacificCoast Bank is seeking additional local employers to partner with us. Participating employers will let their staff know that the loan is available, will help them with application questions, and will provide employment verification. There are no fees or financial risks to the employer.

Employer requirements (for-profit or non-profit):

* 25 or more employees
* Most employees are year-round, not seasonal
* Offer direct deposit of payroll to employees

Interested employers should contact Erin Kilmer Neel at One PacificCoast Foundation, ekilmer@onepcf.org or 510.663.2253.

For more information about One Pacific Coast Bank,FSB, go to http://opcb.com. Member FDIC. Equal Housing Lender. CDFI Certified Bank.

Free Credit Reviews - When is the last time you checked your credit score?

Friday, August 26th, 2011

People’s Federal Credit Union is currently offering free credit report reviews. Make an appointment to receive a copy of your credit report and meet one-on-one with a trained credit coach. Credit coaches can answer questions and help you to make a plan to rebuild your credit. For more information, contact the People’s Federal Credit Union at 510.267.0450 x305, para espanol x307 or stop by at 1432 7th St. Oakland, CA 94607 across from the West Oakland Bart Station.

Find OneCal Bank ATMs with your BlackBerry!

Wednesday, December 2nd, 2009

allpoint_app_banner_greenOneCalifornia Bank’s ATM network, Allpoint ATMs, has had an application for both iPhone and Andriod for awhile now.  But now BlackBerry users can join in the fun–Allpoint has just developed an app for BlackBerry users, too!

In addition, Allpoint has created an easy-to-use download page for cardholders to add the Allpoint moblie application specific to your device and carrier.  For more information, check out Allpoint’s website.

Bank Makes a Loan to Extend Bright Lights to Oakland School

Thursday, September 3rd, 2009

lighthouselogoOneCalifornia Bank continues to be a leading lender to local non-profit organizations with its recent loan to Lighthouse Community Charter School.  This loan, by helping hundreds of Oakland students over the next several years, will have a long-term impact on the community of Oakland.

Founded as a charter school in 2002 with just 92 students in its K-12 school, Lighthouse started out with a goal of preparing a “diverse K-12 student population for college or a career of their choice by equipping each child with the knowledge, skills, and principles to be a self-motivated, lifelong learner.”  Of its current student body of 650, 80% is low-income, 72% is ESL (English as a Second Language), and 90% is from families where no one has gone to college.  But in just seven short years, both the school and its students have come a long way.  Lighthouse Community Charter School is sending all 21 members of its first graduating class–which graduated this past June–off to college in the fall.

As Lighthouse’s student body continued to grow, so did its need for a larger space.  Its K-6 and 7-12 campuses have become too cramped over the past few years.  Moreover, the high rents for these spaces have drained valuable program dollars; Lighthouse is a charter school and a 501(c)(3) non-profit, and charges no tuition, meaning its source of revenue comes from donations. 

Instead of continuing to rent a small place, Lighthouse took on an $11 million renovation of two existing warehouse and office buildings off of Hegenberger Road.  OneCalifornia Bank is providing a $2 million loan to aid Lighthouse Community Charter School in its undertaking.  This loan will help Lighthouse undertake its renovation project, which will provide ample classroom space, as well as science and media labs, art studios, a library, and outdoor recreation space.

Oakland Businesses Grow with OneCalifornia Bank

Monday, June 1st, 2009

sba-loans-linda-russellThe mainstream media might be reporting about how banks are no longer lending to small businesses the way they used to, but clearly they haven’t stopped by OneCalifornia Bank.  Linda Russell, owner of Mugshots School Photography, just received a $300,00 small business loan from OneCalifornia Bank.  You can read her story about the loan process on her blog.  And see the news release posted below from the U.S. Small Business Administration, reporting on a recent client of OneCalifornia Bank and her success story:

Once A Homeless Mom, This Entrepreneur is Highlighting Recovery Act Successes

Oakland, CA - San Francisco SBA District Director Mark Quinn and Linda Russell, owner of Mugshots School Photography, hosted a press conference June 3 at One California Bank in Oakland to highlight how small businesses are taking advantage of the changes SBA made to its loan programs as a result of the American Recovery and Reinvestment Act. The SBA provisions in the Recovery Act were designed not only to help small businesses keep the doors open, but also to help them grow and create jobs. The Recovery Act programs are now reaching the small businesses and beginning to have an impact, helping them retain and create tens of thousands of jobs nationwide.

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