Massachusetts Community & Banking Council (MCBC) was established in 1990 to provide a forum for Massachusetts financial institutions and community organizations to meet and share information with the goal of affecting positive change in the availability of credit and financial services in traditionally underserved communities across the Commonwealth.
MCBC has a proud history as the sponsor of Basic Banking for Massachusetts, the first voluntary statewide low-cost checking and savings account program. We also developed the anti-predatory lending campaign, Don’t Borrow Trouble that was adopted by Boston Mayor Thomas Menino and later by Freddie Mac. We continue to produce high-quality research reports each year on home mortgage lending and small business lending. Those reports led to the passage of the Mortgage Lender Community Investment law in 2007 as Massachusetts became the first state in the nation to cover independent mortgage companies for community reinvestment activities.
MCBC helps financial institutions to stay current while helping to connect with the community organizations and programs operating in target neighborhoods.
Below are some materials to help you understand the work of Massachusetts Community & Banking Council and the benefits of membership for your financial institution or community organization.
To join MCBC, please contact us at firstname.lastname@example.org or 1-800-982-8268.
|MCBC Membership Benefits||101.63 KB|
|Overview of Basic Banking for Massachusetts||77.88 KB|
|Overview of Economic Development Committee||99.99 KB|
|Overview of Mortgage Lending Committee||96.36 KB|