Values

Equality of Service
Everyone, regardless of race or income level, will receive the same excellent service from Bank employees at any of the Bank’s branches or when dealing with any of the Bank’s departments.

Excellence in Service
Every bank employee will strive for excellence in service to customers, fellow employees, and the community. Excellence in service shall mean courteous assistance, prompt, effective and efficient handling of transactions and requests, and thorough product knowledge.

Community Service
The Bank and its employees will be outstanding corporate citizens, by giving back to the communities we serve, with our time, expertise and financial resources.

CRA Rating

The Office of Thrift Supervision requires that Broadway Federal Bank's Community Reinvestment Act rating and evaluation be made available to the public. The rating and excerpts from the most recent evaluation are provided.

"Outstanding"
Broadway Federal continued a superior performance of meeting the credit needs of its entire community, including low and moderate income neighborhoods, during the thirteen month review period.

Broadway Federal's geographic distribution reflected an excellent dispersion throughout the assessment area. Its percentage of loans in low and moderate income census tracts were 84.1 percent. This percentage significantly outperformed both the 1998 HMDA Aggregate, at 14.9 percent, and the demographics of the area. While the 1999 HMDA comparable date is not available, Broadway Federal's performance was significantly above the 1998 levels and continued to be substantial.

Broadway Federal's distribution of one-to-four unit residential loans to low and moderate- income borrowers also reflected an excellent dispersion. Its percentages of loans to low and moderate-income borrowers in 1998 and 1999 were 38.4 percent 31.7 percent, respectively. These percentages significantly outperformed the 1998 HMDA Aggregate, at 12.8 percent, and closely approximated the demographics of the area. In addition, Broadway Federal was able to provide information that indicated that 24.52 percent of its multi-family loans were secured by buildings with low and moderate-income tenants, which is a strong showing for this type of lending. These loans also counted toward the institution's community development lending, with $6.7 million meeting the definition (i.e., loans to borrowers for affordable housing rehabilitation, construction, and permanent financing of multi-family loans serving low and moderate-income persons.)

Government/Agency Clients

State of California

West Basin Municipal Water District