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PayPal Deposits $135 Million in Financial Institutions Serving Black and Underserved Communities as Part of $535 Million Commitment to Advance Racial Equity News provided by Share this article Share this article SAN JOSE, Calif., June 2, 2021 /PRNewswire/  PayPal Holdings, Inc. (NASDAQ: PYPL) today announced it will deposit $135 million of its capital into mission-driven financial institutions and management funds that help underserved communities of color to fight barriers to economic equity, including Hope Credit Union,  OneUnited Bank, Self-Help Federal Credit Union, CNote s Wisdom Fund and various smaller institutions through a CNote Promise Account. These investments are part of PayPal s $535 million commitment to strengthen Black businesses and underserved communities, and help drive financial health, access and generational wealth creation. 

United statesCatherine bermanDan schulmanKevin coheeSteve zuckermanCommunity development financial institutionHope enterprise corporationPaypal holdings incPaypal wisdom fundCnote wisdom fundHope credit unionOptus bankCredit unionWisdom fundEconomic development fundHope policy institute