US Bank 2013 Annual Report Download - page 19

U.S. BANCORP 17
Extended family
EXTENDING THE ADVANTAGE
67,000 employees. Last year, U.S. Bank volunteers reported
more than a quarter of a million volunteer hours supporting
thousands of organizations and causes. U.S. Bank encourages
employees’ participation by providing up to 16 hours of
paid time off each year for them to volunteer at nonprofits.
U.S. Bank’s Dollars for Doing program also recognizes
employee volunteerism with contributions from the U.S. Bank
Foundation to match volunteer time.
Donating a dollar to charity introduces
our customers to online bill pay
U.S. Bank Bill Pay Giving has generated $450,000 in contri-
butions from our customers to four nonprofit organizations
since it began in 2011 and nearly $166,000 in 2013 alone.
Nearly 340,000 customers have made a charitable contribu-
tion through Bill Pay Giving. The program was designed to
introduce customers to online bill paying by making their first
“payment” a $1 contribution to charities supporting disaster
relief, environmental protection, education and arts, and
hunger and poverty relief. U.S. Bank matches customers’
“payment” donations up to $50,000 annually. U.S. Bank was
awarded the “Best Corporate Social Responsibility Initiative”
in 2012 by London-based Retail Banking International and
our company also been recognized by United Way and
Junior Achievement.
Shown, left to right starting with facing page:
Hillcrest Villas, developed by a nonprofit affordable housing and service provider
in Thousand Oaks, California; Bancroft School Apartments, a LEED certified
renovation and new construction affordable housing project in the Manheim Park
Neighborhood of Kansas City, Missouri; Germantown Village, a new, 60-unit
affordable-housing community in Dayton, represents a major milestone for the
Germantown-Broadway area as the first completed development in a neighborhood
revitalization initiative.
We take care of our own. U.S. Bank employees support
one another in times of need — a natural disaster, a death
in the family, an illness, a military deployment. The
Employee Assistance Fund (EAF) allows employees to
help their colleagues facing financial crises beyond their
control when they’ve exhausted their ability to pay for
essential expenses. The EAF is funded by employee
contributions. Since its inception in 2008, the EAF has
granted $3 million to employees in need. In 2013 alone,
nearly 12,000 employees donated almost a million dollars
to EAF through payroll donations.
Helping customers and communities
make dreams come true
It is not just special financing, grants or gifts that U.S. Bank
can offer to communities. At the very heart of what we do is
to offer financial literacy programs and provide a full menu of
high-quality products and services that meet the diverse needs
of our customers and help them achieve their financial goals.
We’re helping to provide an economic foundation for our
customers because, in turn, financially healthy residents support
and encourage economically and culturally strong communities.
“Our goal is to transform inner cities and small towns across America.”
— Zack Boyers, Chairman and Chief Executive Officer, U.S. Bancorp Community Development Corporation