OUR COMMITMENT TO COMMUNITY
Covenant Bank was certified as a Community Development Financial Institution (CDFI) in January 2000. With this designation comes the continued responsibility to service individuals and small businesses with products and services, which meet their credit, and depository needs. As well, the Bank has and intends to continue to be involved in community development projects in its seven community areas, which are: North Lawndale, South Lawndale, Austin, West Garfield Park, East Garfield Park, Near West Side and Lower Westside. Our secondary market is the City of Chicago. The United States Treasury expanded the service area of other underserved areas in 2000. However, it is management's intention to maintain community lending throughout Chicago.
The Bank is located in an area that has been designated as an Empowerment Zone by the Federal Government. This federal program seeks to empower people and communities that meet certain poverty and distress criteria. Designated areas can receive substantial federal benefits.
