We're excited to be part of the Othello Square project, a community-driven equitable development project in south Seattle.
The multi-building campus will support on-site jobs, healthcare, education, social inclusion and ownership, giving the culturally-diverse Othello and Rainier Valley communities better access to opportunities for higher education, good paying jobs, and support to start and keep a business, helping everyone in and around those communities.
As a financial institution focused on socially-responsible banking, we are thrilled to be invited to this unique project and to help a strong and vibrant community dream boldly. Check out our annual Community Impact Report to see some of the ways we work to create and support cooperative communities.
Othello Square is being developed by HomeSight as a shared space for cultural organizations and workforce housing.
The Othello Square complex will be located in the 7300 block of Martin Luther King Jr Way, near the Othello Light Rail station.
Verity’s 1,743-square-foot branch will be located in Building D, which will also include a limited-equity, residential housing cooperative with 68 units of affordable housing. Verity anticipates opening the branch in 2022.
Representatives of HomeSight reached out to Verity in 2019 with the idea of adding a credit union to the Othello Square campus. “The programming and services planned for the Opportunity Center @ Othello Square directly respond to the expressed priorities identified by more than 500 community residents and stakeholders who participated in community listening sessions and meetings over the past three years,” said Tony To, HomeSight Director Emeritus and Othello Square Project Director. "Having a credit union branch on site would be vital to the project."
“This opportunity could not be more perfectly aligned with our vision to create cooperative communities who dream boldly,” said John Zmolek, Verity CEO. “As a socially-responsible financial institution, we are always looking for new ways to serve our communities as we focus on actively promoting social equity and empowerment and creating sustainable economic security. We hope to be able to offer a first-of-its-kind Co-op mortgage loan for residents. In addition, we look forward to hiring from within the local community to develop a team that earns the trust of the people living in the community so that we can serve their financial needs.”
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