CSR Program Proposal for Columbia Bank - 1238 Words

MEMORANDUM Subject: CSR Program Proposal for Columbia Bank This memorandum proposes a corporate social responsibility program for Columbia Bank with a focus on student loan debt in our community. This CSR program could be implemented in addition to the community and customer events currently arranged on the branch level. Columbia Bank, and the local communities we serve, would greatly benefit from offering a CSR program that focuses on educating high school students, college students, parents and any potential borrower on the long-term implications of excessive student loan debt. Student Loan Debt and Our Community The first sentence of our mission statement reads, â€Å"We will increase shareholder value and enrich the communities we†¦show more content†¦Mortgages Second, Columbia Bank could potentially issue more home mortgages to individuals with little to no student loan debt. A Consumer Financial Protection Bureau report (2013) states, â€Å"According to the National Association of Realtors, Americans between the ages of 25 and 34 made up 27 percent of all homebuyers in 2011, the lowest share in the past decade. That percentage represents a 25 percent decline year-over-year from 2010 (para. 8).† This decline is negatively correlated with the increase in student loan debt among that age group. Car Loans According to Brown and Caldwell (2013), 25-year-olds who have student loan debt are now dramatically less likely to incur automobile debt compared to those without student loan debt. Historically, individuals with student loan debt had three to four percent more automobile debt than those without student loan debt (para. 9). This is impacting the number of applicants who may otherwise be interested in our automobile loans services. Small Business Loans Small business loans are an opportunity area for Columbia Bank as well. Aspiring young entrepreneurs can be rejected for these types of loans due to a large debt to income ratio or low credit scores. According to the Consumer Financial Protection Bureau (2013), â€Å"The Small Business Administration’s Startup America initiative advises young entrepreneurs to lower their student loan payments by taking advantage of anShow MoreRelatedThe Proposed Corporate Social Responsibility1329 Words   |  6 Pagesthe community. The proposed corporate social responsibility (CSR) program aims to reduce the homeless population in the region by implementing a financial education program in homeless shelters. Background According to Metropolitan Washington Council of Government (COG), as of 2014, there are 11,946 homeless individuals inhabit in Washington Metropolitan area. This region consists of Alexandria, Arlington Country, District of Columbia, Frederick Country, Loudoun Country, Montgomery Country, PriceRead MoreThe Myth of Csr5260 Words   |  22 PagesThe Myth of CSR The problem with assuming that companies can do well while also doing good is that markets don’t really work that way By Deborah Doane Stanford Social Innovation Review Fall 2005 Copyright  © 2005 by Leland Stanford Jr. University All Rights Reserved DO NOT COPY Stanford Social Innovation Review 518 Memorial Way, Stanford, CA 94305-5015 Ph: 650-725-5399. Fax: 650-723-0516 Email: info@ssireview.com, www.ssireview.com ~ DO NOT DISTRIBUTE ~ FOR PERSONAL USE ONLY ~ Read MoreArticle: Performance Appraisal and Performance Management35812 Words   |  144 Pageset al. 1981). By using a formal system performance appraisals have many advantages if they are designed and implemented properly. Not only in reward allocation, promotion/demotions, layoffs/recalls, transfers and selecting training and development program for employees but it may also assist individual employee‟s decisions regarding career choices and the subsequent direction of individual time and effort. Additionally, performance appraisals may increase employee‟s commitment and satisfaction (WieseRead MoreInternational Management67196 Words   |  269 Pagesand the end-of-book skill-building exercises and simulations on the Online Learning Center complete the package. To help instructors teach international management, this text is accompanied by a revised and expanded Instructor’s Resource Manual, Test Bank, and PowerPoint Slides, all of which are available passwor d protected on the Online Learning Center at www.mhhe. com/luthans8e. Two other innovations new to the eighth edition are an additional case, Nokia Targets the Base of the Pyramid, availableRead MoreProject on Risk Management46558 Words   |  187 PagesA Summer Training Project Report on â€Å"RISK MANAGEMENT BY INDUSIND BANK LTD.† Undertaken at INDUSIND BANK, AGRA 10th April to 10th June 2009 Submitted by SUBODH AGARWAL Enrollment no. : 4108163163 Read MoreExploring Corporate Strategy - Case164366 Words   |  658 Pagesimpressive international growth of an Irish company driven from a ‘lean’ corporate centre. Numico – difficulties with diversification for a Dutch nutritional products company. AIB – competing in the global banking industry: the challenges for a mid-size bank. SABMiller – an African brewer takes on the world: learning to thrive in difficult circumstances. MacPac – from a New Zealand start-up to internationalisation in the outdoor equipment industry. Key: ââ€" Ã¢â€"  = major focus ââ€"  = important subsidiary focus Read MoreProject Mgmt296381 Words   |  1186 PagesCross Reference of Project Management Body of Knowledge (PMBOK) Concepts to Text Topics Chapter 1 Modern Project Management Chapter 8 Scheduling resources and cost 1.2 Project defined 1.3 Project management defined 1.4 Projects and programs (.2) 2.1 The project life cycle (.2.3) App. G.1 The project manager App. G.7 Political and social environments F.1 Integration of project management processes [3.1] 6.5.2 Setting a schedule baseline [8.1.4] 6.5.3.1 Setting a resource schedule 6.5.2.4 ResourceRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 Pages52 Intellectual Abilities 52 †¢ Physical Abilities 55 †¢ The Role of Disabilities 56 Implementing Diversity Management Strategies 56 Attracting, Selecting, Developing, and Retaining Diverse Employees 56 †¢ Diversity in Groups 58 †¢ Effective Diversity Programs 58 Summary and Implications for Managers 60 S A L Self-Assessment Library What’s My Attitude Toward Older People? 40 Myth or Science? â€Å"Dual-Career Couples Divorce Less† 47 An Ethical Choice Religious Tattoos 51 glOBalization! Images of DiversityRead MoreContemporary Issues in Management Accounting211377 Words   |  846 Pagesfocuses on performance measurement, evaluation, and incentives in the context of creative industries. Lawrence A. Gordon is the Ernst Young Alumni Professor of Managerial Accounting and Infor- mation Assurance, and the Director of the Ph.D. Program at the Robert H. Smith School of Business. He is also an Affiliate Professor in the University of Maryland Institute for Advanced Computer Studies. Dr Gordon earned his Ph.D. in Managerial Economics from Rensselaer Polytechnic Institute. His researchRead MoreCase Study148348 Words   |  594 Pagesmaterial: Johnson Gerry, Whittington Richard, Scholes Kevan - Exploring Strategy Instructors Manual on the Web... We are grateful to the following for permission to reproduce copyright material: Tables Table 14.1 adapted from ‘Why change programs don t produce change’, Harvard Business Review, November to December (Beer et al; 1990) In some instances we have been unable to trace the owners of copyright material, and we would appreciate any information that would enable us to do so. 6