Union Bank offers banking to poor neighborhoods in the shape of check cashing and payday advances. Its efforts usually do not win universal admiration.
Driving through Bayview Hunter’s aim, an undesirable, mostly African-American neighbor hood near san francisco bay area’s 3Com Park, Union Bank of California Vice Chairman
Richard Hartnack Richard Hartnack
views one of many bank’s branches and sighs: “I’m able to state without doubt it is never ever made cash.” Why not http://https://paydayloansohio.org/ near the branch? As the government that is federal as a cost for approving Union Bank’s merger with Ca First Bank, compelled it to discover branches in low-income areas.
Farther south into the rough Southern Central section of l . a ., it really is a far various photo for the $36 billion (assets) bank. Standing call at their grey suit and tie that is red a dusty Hispanic neighbor hood, Hartnack enthuses in regards to the business’s bustling 15-unit Cash & Save check-cashing chain, which Union has run since 1993, as well as its newer endeavor with Carson, Calif.-based Nix Check Cashing.