NEW
YORK, Oct. 24, 2022 /PRNewswire/ -- The
City College of New York (CCNY") and Carver Federal Savings Bank
("Carver"), a certified Minority Depository Institution ("MDI"),
celebrated the launch of the Bank's first campus ATM with a
ribbon-cutting ceremony on October 18,
2022. The Carver ATM is located on the first floor of the
North Academic Center and has been serving CCNY's students, staff, and faculty since
July 2022.
CCNY President Vincent Boudreau and Michael T. Pugh, President and Chief Executive
Officer of Carver Federal Savings Bank, said a few words at the
event, followed by a Student Rush Event for CCNY students with games, giveaways, and a raffle
for two $500 gift cards.
"Carver Federal Savings Bank is a historic institution and a
contemporary force for community development in Harlem and
beyond," said CCNY President
Vincent Boudreau. "Like Carver,
CCNY is in the business of securing
stable and prosperous futures for a rising class of New Yorkers. As
we assist our students—an important part of that rising class—with
learning to manage their personal finances, Carver will be an
essential partner for CCNY. The ATM
that we inaugurated is a tangible symbol of that partnership, and
an important contribution to our banking infrastructure on
campus."
Given the alignment of these two historic Harlem-based
institutions' missions, this ATM partnership is a natural fit for
both organizations. Over time, CCNY and
Carver hope to expand their relationship to reach more students
through expanded banking access and financial education
training.
"The City College of New York is a
mainstay in the community, uplifting students in Harlem and beyond
for more than 150 years," said Michael
T. Pugh, President and Chief Executive Officer of
Carver Federal Savings Bank. "As a community bank reinvesting
$0.80 of each deposited dollar into
the diverse communities we serve, Carver is deeply committed to
collaborating with higher education to increase student banking
access and expand economic empowerment. Likewise, our institution
has an existing initiative to assist Historically Black Colleges
and Universities ("HBCUs") with financial education, and Carver has
supported financial education to more than 16,000 individuals to
help close the wealth gap in historically underserved communities
over the past several years."
About the City College of New
York
Since 1847, The City
College of New York has provided a high-quality and
affordable education to generations of New Yorkers in a wide
variety of disciplines. CCNY embraces
its position at the forefront of social change. It is ranked #1 by
the Harvard-based Opportunity Insights
out of 369 selective public colleges in the United States on the overall mobility
index. This measure reflects both access and outcomes, representing
the likelihood that a student at CCNY
can move up two or more income quintiles. Education research
organization DegreeChoices ranks CCNY
#3 nationally for social mobility. In addition, the Center for
World University Rankings places CCNY
in the top 1.8% of universities worldwide in terms of academic
excellence. Labor analytics firm Emsi puts at $1.9 billion CCNY's
annual economic impact on the regional economy (5 boroughs and 5
adjacent counties) and quantifies the "for dollar" return on
investment to students, taxpayers and society. At City College,
more than 15,000 students pursue undergraduate and graduate degrees
in eight schools and divisions, driven by significant funded
research, creativity and scholarship. This year, CCNY launched its most expansive fundraising
campaign, ever. The campaign, titled "Doing Remarkable Things
Together" seeks to bring the College's Foundation to more than
$1 billion in total assets in support
of the College mission. CCNY is as
diverse, dynamic and visionary as New
York City itself.
About Carver Bancorp, Inc.
Carver Bancorp, Inc.
(NASDAQ: CARV) is the holding company for Carver Federal Savings
Bank, a federally chartered stock savings bank. Headquartered in
Harlem, NY, Carver was founded in 1948 to serve African-American
communities whose residents, businesses, and institutions had
limited access to mainstream financial services. The U.S. Treasury
Department has designated Carver as a Community Development
Financial Institution ("CDFI") because of its community-focused
banking services and dedication to its local community's economic
viability and revitalization. Carver is one of the largest African-
and Caribbean-American managed banks in the United States. The Bank recently expanded
its online presence to include consumer checking and savings
accounts across nine states, from Massachusetts to Virginia, and Washington, D.C. For further information,
please visit the Company's website at www.carverbank.com. Be sure
to connect with Carver on Facebook, LinkedIn, and Twitter.
![(PRNewsfoto/Carver Federal Savings Bank) (PRNewsfoto/Carver Federal Savings Bank)](https://mma.prnewswire.com/media/1347117/Carver_Bank_Logo.jpg)
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SOURCE Carver Federal Savings Bank