Member Spotlight: Union Bank Pledges $10 Million for Social and Racial Justice
On June 18, Union Bank committed $10 million to launch a Community Recovery Program aimed at addressing social and racial injustices in the United States. This initiative is specifically focused on building economic stability, including supporting access to capital, entrepreneurship, job retention and retraining. Through this financial commitment, the bank expects to alleviate some of the economic and emotional stress triggers facing communities that have been marginalized through social injustice. Funds will be directed toward relief initiatives including Small Business Recovery Efforts ($5 million), Rebuilding the Workforce ($3 million), and Building Financial Security ($2 million).
“Through the Community Recovery Program, we are making a long-term commitment to help create real change in the communities that need it most,” said Julius Robinson, Head of Corporate Social Responsibility for the Americas, MUFG Union Bank. “This is not just about writing a check — we are building on our long history of community support by partnering with local organizations in low-to-moderate-income communities with a financial investment, as well as the support of our colleagues. This is the time to live our mission and demonstrate a strong commitment to our values of inclusion and diversity through our actions.”