Why Carver

About Carver

"When you do common things in life in an uncommon way, you will command the attention of the world." — George Washington Carver (1864–1943)

Carver was founded in 1948 to serve African-American communities whose residents, businesses, and institutions had limited access to mainstream financial services. Today, Carver is the largest African-American operated bank in the United States. Since its inception, the Bank has continuously been headquartered in Harlem, and most of our ten branches and 24/7 ATM Centers are located in low- to moderate- income neighborhoods. To share in Carver's history Click Here to Watch.

Carver Bank has been designated by the U.S. Treasury Department as a Community Development Financial Institutions (CDFI) because of Carver's community-focused banking services and dedication to the economic viability and revitalization of underserved neighborhoods.

A measure of its progress in achieving this goal includes the Bank's most recent "Outstanding" Community Reinvestment Act rating.

As CDFI Banks work to attract greater levels of investment and other support, the industry must do a better job of “telling the story” of the impact that is being generated by the sector. To facilitate this, NCIF created the BankImpact Dashboard. To learn more or request a copy of Carver’s Impact Report, contact Takisia.Whites@carverbank.com.

ANHD Report
NCIF Dash Board (available upon request)
Carver Social Impact Report

Carver Community Development Corporation (CCDC)

Carver Community Development Corporation (CCDC), a wholly owned, for-profit subsidiary of Carver Federal Savings Bank, and a Community Development Entity (CDE) under the New Markets Tax Credit (NMTC) Program, was established to oversee the Bank’s community development, corporate reinvestment and outreach strategy.

CCDC serves the community by providing capital, products and other needed financial resources to the Bank's customers, local residents, small businesses, nonprofit organizations and community partners. CCDC works with faith-based organizations, nonprofit organizations, foundations, for-profit entities and real estate developers to transform underserved neighborhoods into flourishing communities. Additionally, CCDC partners with a number of local organizations to provide low- and moderate-income individuals and families with financial education and technical assistance.

CCDC Staff
Takisia Whites, President
Jennifer Mark, Assistant Vice President and New Markets Tax Credit Compliance Manager

CCDC Governing and Advisory Board Members
The Governing and Advisory Board is comprised of dedicated individuals with a commitment and passion for community and economic development. They provide leadership and needed counsel to CCDC on NMTC projects, investments, and community impacts.

CCDC is proud of the number of Governing and Advisory Board member who represent Low Income Communities (LIC). The LIC Representatives advise and provided feedback to the CDE on the community impacts of our NMTC projects and investments in the LICs and to the individuals who live and work within the service area.

CCDC Governing Board Members
Deborah C. Wright, Chairman & CEO Carver Bancorp, Inc. 
Hope Knight (LIC), Chief Operating Officer, Upper Manhattan Empowerment Zone
Rhonda Lewis (LIC), Executive Director, Greater Newark LISC
Rev. Reginald Williams (LIC), President & CEO, Addicts Rehabilitation Center Foundation, Inc.
David Watson, Vice President-Portfolio Manager, Carver Federal Savings Bank

CCDC Advisory Board Members
Angela Butler (LIC), Director and Senior Vice President, National Development Council
Jeffrey E. Dunston (LIC), Chief Executive Officer, Northeast Brooklyn Development Corp
Katharine Gray (LIC), Deputy Director, Department for Development, New York City Housing Authority
Richard T. Greene Jr., Director (retired), Health & Resident Support Services, New York City Housing Authority
Hope Knight (LIC), Chief Executive Officer, Upper Manhattan Empowerment Zone
Rhonda Lewis (LIC), Executive Director, Greater Newark LISC
Derrick Lovett (LIC), Executive Director, Mid-Bronx Desperadoes Community Housing Corporation
Dr. Marcella Maxwell, Clinical Supervisor of Teaching Fellows at Brooklyn College
Tonya Ores (LIC), Executive Director, Neighborhood Housing Services
Blondel A. Pinnock, Interim Chief Lending Officer, Carver Federal Savings Bank
Walter Roberts (LIC), Executive Director, Hope Community Inc.
Reverend Julius Walls, Jr. (LIC), Greater Centennial Community Development Corporation
David Watson, Vice President-Portfolio Manager, Carver Federal Savings Bank
Rev. Reginald Williams (LIC), President & CEO, Addicts Rehabilitation Center Foundation, Inc.
Deborah C. Wright, Chairman & CEO Carver Bancorp, Inc. 

Contact Us:
Carver Community Development Corporation
75 West 125th Street
New York, NY 10027
Tel: (212) 360-8800
Email: ccdc@carverbank.com

New Market Tax Credits

Carver Community Development Corporation (CCDC), a wholly owned subsidiary of Carver Federal Savings Bank, and a Certified Development Entity (CDE), is a leading allocatee and leveraged lender to the New Markets Tax Credit Program (NMTC). 

CCDC continues Carver’s 65-year legacy of providing investment and financial services to inner city neighborhoods. CCDC brings the depth of a bank to high-impact projects throughout NY and NJ by delivering leveraged loans, construction management, cash management and other essential services for NMTC financed projects.

As a three-time NMTC allocatee representing a combined allocation of $149 million, CCDC invests in key asset classes, including mixed-use, workforce and affordable housing, commercial retail, charter school, supermarkets and community facilities.

Corporate Contributions

Carver Corporate Contributions Program provides financial support to not-for-profit, charitable organizations within the Carver Bank footprint.


  • Organizations must be non-profit or not-for-profit.
  • Only one grant per Carver's fiscal year will be awarded to an organization
  • Organization should be a current customer of Carver Federal Savings Bank
  • The contribution request must be consistent with Carver's mission of promoting wealth and economic development


  • Outside of target marketplace
  • Does not target programmatic focus
  • Carver does not grant contributions to individuals
  • Contributions budget has been expended for the fiscal year

Contributions to date:

Contact Us:
Carver Community Development Corporation
75 West 125th Street
New York, NY 10027
Tel: (212) 360-8800

Partnerships and Collaborations

Carver's foundation was built on serving communities that had limited access to quality financial services. Carver meets this challenge today by partnering with local government agencies to develop products that meet the specific and emerging needs of our customers and the community.

  • Since 2009, Carver, in collaboration with the NYC Office of Financial Empowerment (OFE) and the Food Bank for NYC, has been providing free income-tax preparation services and SafeStart Accounts to low- income residents located in Brooklyn and Harlem. For more information, visit the OFE Website or The Food Bank for NYC Web site.
  • Carver is partnering with the New York City Housing Authority (NYCHA) by participating in a pilot program to encourage NYCHA residents to pay their rent at a lower cost at a participating Carver branch versus using a check casher. This program has been very successful and Carver is currently working on expanding its services and products to this market segment.
  • In August 2010, Carver was awarded the contract to serve as the exclusive capital -access lender for the Metropolitan Transit Authority’s (MTA) Small Business Mentor Program (SBMP). The program is focused on new opportunities for Minority, Women and Disadvantaged Business Enterprise construction professionals and suppliers, and financial services firms. To learn more or to get information on how to apply, visit
  • http://web.mta.info/sbdp/.

Financial Empowerment Program

Financial Empowerment

Through our financial literacy and empowerment programs and strategic partnerships, Carver assists the community to:

  • Understand the basics of banking and credit
  • Build and strengthen small businesses
  • Achieve and retain homeownership

Free Financial Empowerment Programs
Being financially literate is one of the most important skills a person can develop. Throughout the year, Carver Bank offers a number of free financial literacy programs across New York City on topics ranging from homeownership, and financial management to youth- focused lessons about money and wealth building. For upcoming events and programs, please visit here.

To learn more about our financial literacy efforts, please contact CCDC for additional information.

FDIC Money Smart Computer -based Instruction

The newly enhanced Money Smart Computer-based Instruction (CBI) is an easy-to-use tool to learn more about basic personal financial management. The online course can complement formal classes by providing learning assignments that users can complete at their own pace.

The CBI features a game-based learning design and separate learning tracks for adults and young adults.

  • The adult learning track features the 11 modules in the instructor-led Money Smart curriculum for adults.
  • The young adult learning track (for those age 13 and older) features 8 modules in the Money Smart for Young Adults curriculum.
  • Las pistas de aprendizaje para adultos camisetas se encuentran en Money Smart.

Each module can generally be completed within 30 minutes. Successful completion of a module will earn the user a certificate of completion. Take the first step to financial freedom today.

Volunteer Income Tax Assistance (VITA) Center

Carver Bank , in collaboration with the NYC Department of Consumer Affairs Office of Financial Empowerment (OFE) and the Food Bank for NYC, provides low-income residents with free income tax preparation services at both its 145th Street Financial Literacy Center in Harlem and at the Bed-Stuy Restoration Center (1392 Fulton Street ) in Brooklyn during tax season. Since 2009, together we have prepared 10,660 tax returns, qualified filers for over $12.3 million in Earned Income Tax Credit (EITC) and returned over $25.2 million in tax refunds.

Carver Financial Literacy Center

Located at 300 West 145th Street (at Bradhurst Avenue) in Harlem, Carver Bank operates its Financial Literacy Center. Open to the community, the Financial Literacy Center offers residents free literacy seminars and free, confidential “one-on-one” financial counseling. For more information contact CCDC.

Events & Photo Gallery

Upcoming Events:

Carver Federal Savings Bank & The Harlem Congregations For Community Improvement, Inc. Present...
Making Your Money Work For You Financial Capacity Workshop Series

Literacy, Inc. – Jamaica Reading Everywhere

May 27, 2014

Carver Bank partnered with Literacy, Inc. to present a financial literacy lesson to over 250 students in Grades 1-2 and 4-5 from local public schools in Southeast Queens. Students read and listen to a story about a boy who puts his money in silly places, only to find later that it is missing. The students arranged places to keep money in order from the least safe to safest. Carver staff helped the students to understand the importance of saving, identify safe and unsafe places to keep money, and explained why a bank is a safe place to keep money. To encourage the importance of reading and literacy, Carver Bank provided the children with a copy of Danny Dollar Millionaire Extraordinaire —The Lemonade Escapade™ by Ty Allan Jackson.

2014 Teach Children To Save Day

April 11, 2014

Carver Bank presented a financial literacy lesson to 3rd grade students at a local public school about creating goals for saving, the importance of tracking money earned and money spent, and saving as one method to build wealth. Students toured the bank, participated in a “Future Millionaires in the Room” discussion and book signing with special guest, Ty Allan Jackson, author of Danny Dollar Millionaire ExtraordinaireThe Lemonade Escapade, and ended their visit by enjoying a pizza lunch.