Submitted by: MUFG Union Bank, N.A.
Posted: Sep 24, 2018 – 06:57 PM EST
LOS ANGELES, Sep. 24 /CSRwire/ - MUFG today announced the release of its 2017 Corporate Social Responsibility report. MUFG is committed to giving back to the people and places it serves. This vision is carried out by the MUFG Union Bank Foundation which makes philanthropic investments where the need is greatest in the various communities in which it operates. The report details the foundation’s philanthropic endeavors from April 1, 2017, to March 31, 2018.
In 2017, MUFG’s charitable contributions supported various areas important to the bank, among them are affordable housing, economic development and education. In total, the bank donated more than $17 million. In addition, the bank encourages employees to support causes they care about by matching donations up to $2,500 per individual, per year. MUFG employees contributed roughly $1.2 million, bringing the matched total to $2.4 million.
Highlights of the report include the following:
$17.5 million in donations supporting nonprofit organizations in targeted sectors
$900 million in loans to support small businesses and farms
$211 million of discretionary spending to diverse businesses
$2.4 billion+ in lending and investments to support affordable housing
200+ internship program graduates from the bank’s five student-run high school branches since 2011
“Throughout 2017, we identified unique opportunities to drive long-term, systemic change for individuals, families, businesses and communities,” said Julius Robinson, Head of Corporate Social Responsibility for the Americas, MUFG Union Bank. “Our corporate social responsibility activities operate under the same high standards that define the culture at MUFG.”
About MUFG Union Bank, N.A.
As of June 30, 2018, MUFG Union Bank, N.A. operated 355 branches, consisting primarily of retail banking branches in the West Coast states, along with commercial branches in Texas, Illinois, New York, and Georgia, as well as 22 PurePoint Financial Centers. We provide a wide spectrum of corporate, commercial, and retail banking and wealth management solutions to meet the needs of customers. We also offer an extensive portfolio of value-added solutions for customers, including investment banking, personal and corporate trust, global custody, transaction banking, capital markets, and other services. With assets of $123.8 billion, as of June 30, 2018, MUFG Union Bank has strong capital reserves, credit ratings and capital ratios relative to peer banks. MUFG Union Bank is a proud member of the Mitsubishi UFJ Financial Group (NYSE: MUFG), one of the world’s largest financial organizations with total assets of approximately ¥299.1 trillion (JPY) or $2.7 trillion (USD)¹, as of June 30, 2018. The corporate headquarters (principal executive office) for MUFG Americas Holdings Corporation, which is the financial holding company, and MUFG Union Bank, is in New York City. The main banking office of MUFG Union Bank is in San Francisco, California.
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