Your deposits in the Domini Money Market Account help low-income individuals and institutions finance first-home purchases, create daycare centers, refurbish houses of worship, and start up or expand family businesses.

 

For many people, the American dream means the freedom and self-sufficiency that can come from owning a home or building a business from the ground up. Access to credit is an important gateway to making that dream possible.

 

When you invest in the Domini Money Market Account, your deposit helps fund community development initiatives that make dreams like these come true.

 

For more than a decade, Domini and ShoreBank, the nation’s first and leading community development bank, have made it possible for depositors like you to make a real difference with their savings. Here are a few ways:

 

Education. With the help of a loan from ShoreBank, the Little Black Pearl Workshop in Chicago moved to a 40,000-square-foot facility, where it helps children create and sell their own artwork. The new space has equipment for glass blowing, woodworking, welding, painting, pottery, and photography.

 

Housing. ShoreBank provided an African American entrepreneur with resources and information that encouraged him to incorporate green design and energy-saving products while renovating residential properties. He reduced energy consumption and costs while redeveloping the community and providing new jobs for previously homeless people.

 

Small Business. Wildcatch, a customer of ShoreBank Pacific, was founded in 1999 with the goal of improving the lives of independent fishers in Alaska. Working in cooperation with Native, Alaskan, and Pacific Northwest fishers, Wildcatch offers only seafood products that are free of antibiotics and synthetic coloring. The company’s products carry the seal of the Marine Stewardship Council, which sets standards for well-managed, sustainable fisheries.

 

Healthcare. ShoreBank provided Alivio Medical Center with a lower-interest mortgage and a flexible line of credit to help it open a pharmacy, dental clinic, and school-based oral health program. Alivio serves working-poor families and individuals, mainly Mexican, on Chicago’s Lower West Side.  

 

About ShoreBank

 

America’s first and leading community development and environmental banking corporation. With $2.4 billion in assets, ShoreBank has invested nearly $4 billion since 1973 to create more than 55,000 units of quality, affordable housing and over 12,000 new jobs in underserved urban neighborhoods in Chicago, Cleveland, and Detroit. ShoreBank pioneered the community development banking industry and was the first financial institution to provide resources and information to fuel environmentally friendly, sustainable development opportunities that help build strong, healthy communities.

 

 

Unlike a mutual fund, the rate of interest for the Domini Money Market Account (DMMA) is determined by ShoreBank and will vary from time to time. The DMMA is structured as a Super NOW Account. Please note that you will able to access your DMMA account only through Domini Social Investments. Domini Social Investments will act as your agent for the purpose of making deposits to and withdrawals from your DMMA account and will maintain the records of your account. You will not be able to access your account or obtain balances by contacting ShoreBank directly. The DMMA is subject to certain FDIC insurance limits of $500,000 per depositor. For its services, Domini Social Investments is paid a commission by ShoreBank that is based on assets in the DMMA. These commissions are not paid from depositor funds.