Member FDIC. Equal Housing Lender.
Our Certifications
Upholding Our Mission With Integrity
We work hard to voluntarily achieve and advance certifications from globally recognized, independent organizations. We do this because we seek to operate as responsibly and in as impactful a manner as possible, raising the bar for transparency and accountability.
Environmental and Social Good Certifications
In addition to undergoing third-party examinations from federal and state agencies, we also voluntarily engage with specialized industry impact assessors who help committed businesses build meaningful and sustainable governance structures.
B Corporation
We have been a certified B Corporation since 2013. B Corps are companies certified by B Lab and meet the highest standards of social and environmental performance, transparency, and accountability.
Fossil Free Certified
The Fossil Free Certification asserts that we do not and will not fund fossil fuel industry activities. Through this coalition, we support increased sustainability.
Regulatory Oversight
Community Development Financial Institution
CDFI banks must have a community development mission and at least 60% of their financing activities must be deployed to one or more low-to-moderate income (LMI) populations or underserved communities.
Community Reinvestment Act
The Federal Deposit Insurance Corporation (FDIC) evaluates and issues Community Reinvestment Act (CRA) ratings.
Department of Financial Protection and Innovation
The California Department of Financial Protection and Innovation furthers regulatory compliance, consumer protections, awareness, and fraud mitigation with financial service providers that serve California residents.
Equal Opportunity Lender
We operate under federal laws like the Fair Housing Act and Equal Credit Opportunity Act. We practice fair treatment and no discrimination.
Member FDIC
The Federal Deposit Insurance Corporation is a government agency that supports confidence and stability in our financial system. Beneficial State Bank is a member bank of the FDIC.
Small Business Administration Preferred Lender
We are authorized by the Small Business Administration to underwrite and approve SBA-backed loans. As an SBA Preferred Lender, we offer more efficient processing and quicker access to capital for small businesses.
Stakeholder Banking Affiliations
In partnership with coalitions and communities of practice, we are strengthening our oversight, transparency, and impact. These organizations are not only thought leaders and respected organizations, they’re also our partners in unleashing the power of business as a force for good.
Community Development Bankers Association
CDBA is a national trade association and a champion of the industry, educating policymakers, regulators, and legislators on the importance of community development banks.
Global Alliance for Banking on Values
We're a proud member of GABV, a network of values-based banks using finance to deliver sustainable economic, social, and environmental development.
Partnership for Carbon Accounting Financials
PCAF is a global partnership of financial institutions that collaborate to deploy a viable approach to assessing and disclosing greenhouse gas (GHG) emissions associated with their lending and investment portfolios.
United Nations Environment Programme Finance Initiative
As a signatory of the United Nations Environment Programme Finance Initiative’s (UNEP FI) Principles for Responsible Banking (PRB), we practice, uphold, and advance banking aligned in the public interest at a global level.
Choose a Bank that Invests in Tomorrow
Beneficial State Bank serves the triple-bottom-line of people, planet, and prosperity for all. That means prioritizing social justice and environmental sustainability. Our clients want to see their money put to good use – funding causes that defend our planet and build resiliency in our communities. Change your bank and help change the world.