Company: Chickasaw Community Financial, Oklahoma City, OKEntry Submitted By: Schnake Turnbo FrankCompany Dysfunction: Chickasaw Area Financial was a complete-solution lender that gives a diverse array of examining profile, coupons levels, money points, mortgages and you can lending functions to prospects and organizations all over the newest part. Since , Bauer Monetary rated us since the a beneficial 5-superstar lender, and you can we’ve been consistently listed in the major fifteen% of the many You.S. banking companies from the Seifried & Make LLC.Nomination Classification: Business / Organization CategoriesNomination Sub Group: Team of the season – Financial – Average
Nomination Identity: Chickasaw Neighborhood Bank, Oklahoma City, Okay
Chickasaw Society Bank (CCB) is a full-service financial institution for individuals and businesses across the U.S., under the leadership of Native American and African American CEO, T https://www.speedycashloan.net/installment-loans-il/.W. Shannon.
Founded by the Chickasaw Nation and headquartered in Oklahoma City, OK, CCB is a 100% tribe-owned bank with a mission to build better lives for everyone. Rebranded from Bank2 to Chickasaw Community Bank, it serves as a hub for minority and underserved communities and a partner for small businesses. CCB is one of just 17 Indigenous Western-owned community banks in the U.S. and has grown to $250 million in total assets. As of , Bauer Financial rated CCB a 5-star bank, and it has consistently been placed in the top 15% of all U.S. banks by Seifried & Brew LLC.
Chickasaw Society Financial – Company of the year – Financial
Into the 2017, CCB (called Bank2 at the time) financed a transformational property venture during the Arizona state, strengthening forty five homes devices to possess Local Western family looking to sobriety and you may to help you regain children away from promote proper care. CCB given a multiple-million buck Identity V1 mortgage and wandered new Lummi Nation owing to the fresh new difficult Title V1 processes, and you can is acquiesced by the new You.S. Institution off Construction and Urban Advancement.
Chickasaw Society Financial (CCB) completed 2020 that have net gain more six-flex the newest projections a record-cracking season out-of development amid unprecedented volatility in the business and benefit. Proper planning and believed organized CCB to receive it swell out-of growth in a manner in which few people finance companies all over the country may have handled. CCB processed the best amount of HUD-184 loans of every financial from the You.S., and with their network from lenders is becoming helping to complete the latest homeownership gap with Indigenous Americans across the country. Particularly a wave you to introduces every vessels, CCB partnered that have surrounding tribe, Cherokee Country, to cover more 600 book-to-own, multi-generational residential property for displaced tribal family members. CCB plus shown that society banking institutions is crucial couples to own quick enterprises unable to get well financially out of COVID’s destruction, and you will fill the gap for those turned away by large finance companies. CCB funded almost $27 million during the PPP money in 2020, that have millions so much more into the techniques, for subscribers and low-users.
Inside the 2020, CCB achieved a yearly income out of $ten.one million (a rise away from 314% out of 2019), overall industrial fund out of $127.5 million (a rise away from %), and you can increased mortgages from the 60% out of 2019, getting $555 mil. To further its people resource, this new bank’s new Brand name Ambassador program to assist produce the 2nd age group off society engagement is sold with Carrie Underwood’s guitarist (a keen Oklahoma local) while others discussing its private tales, using CCB once the a patio to aid someone else develop its efficiency, speciality and you will experience.
The bank’s achievements are more than numbers and statistics; they represent a success model for serving customers and systemic opportunity that can be replicated by banks across the U.S. The significance of Chickasaw Community Bank being the #1 bank in the U.S. in providing HUD-184 loans lies in the fact it is the leading bank making the dream of home ownership more accessible to Native Americans nationwide. Numerous studies have shown that Native American housing conditions are substantially worse than other U.S. households. According to Native Western Casing Means Study presented by You.S. Company regarding Housing and you may Urban Innovation, 17 percent of households in Indian country had one or more non-family members staying with them because they had nowhere else to go, and more Native Americans are living in overcrowded, unsound homes that are lacking proper heating and electrical than any other U.S. minority. As CCB is 100% tribal owned, and led by T.W. Shannon, a Chickasaw native, these statistics are deeply personal. Processing the highest volume of HUD-184 loans, building 600+ homes for Chickasaw and Cherokee tribal members and funding millions in PPP and mortgage loans is all about lending a critically-needed hand to people in need. CCB’s achievements since 2019 have not only been the tidal wave of growth of the bank itself, but also its tireless commitment to better the lives of everyone that has created a positive, measurable and lasting impact for Native Americans.
An incident learn from the new You.S. Company away from Housing and you will Metropolitan Creativity therefore the Work environment away from Local American Programs is attached, that provides further detail regarding the transformational casing endeavor Chickasaw Community Lender funded (while the referenced for the answer to issue: Temporarily identify the fresh new selected organization).
