Optus Bank’s origins date back to 1921 when a group of visionary and courageous African American leaders founded Victory Savings Bank on the principle that all people should have access to the American Dream, not just those born into the “right” circumstances. We are committed to helping all people build wealth and improve their lives, regardless of their background or situation. We offer innovative ways to manage, move, save and borrow money for individuals and small businesses with the goal of ensuring that wealth building is not just for the wealthy. Unlike traditional financial institutions that seek to solely maximize the financial returns for their shareholders, we strive balance the needs of all stakeholders - our customers, communities, employees and shareholders.
Optus Bank is a federally designated Minority Depository Institution and a U.S. Treasury Certified Community Development Financial Institution.
Optus Bank and Carver State Bank are quoted in a Marketplace article discussing banks' hesitation around Commercial Real Estate Loans despite office building sitting empty.
The NFL announced $78 million in borrowing from 16 MDI's and CDFI's, 10 of which are CDBA members. The NFL is establishing relationships with diverse financial institutions to provide new economic opportunities typically only available to larger financial institutions and to increase the diversity of its banking partners. Additionally, the new business opportunities will help fund growth, increase investment back into the communities they serve and create broader visibility for the institutions themselves.
After an introduction through CDBA, Optus Bank partners with CNote's Impact Cash Program in order to increase deposit levels and elevate its visibility. "Impact Cash was exactly what Optus was looking for," said Dominik. "Finding a new source of deposits that came from impact-minded corporations at low cost balanced the equity investments we received and allowed us to turn out more investments into the community to create impact."