City of Los Angeles Responsible Banking Investment Monitoring Program For Commercial Banks Commercial banks providing City banking business or seeking City banking business must complete and file this form no later than July 1 st of each year to the City Treasurer to comply with Section 20.95.1 to Chapter 5.1 of the Los Angeles Administrative Code. BANK CONTACT INFORMATION: MUFG Union Bank, N.A. Name of Commercial Bank 445 South Figueora Street Los Angeles CA 90071 Street Address City State Zip Code Jay M. Goldstone, Managing Director Contract Person Name and Title 213-236-5993 jgoldstone@us.mufg.jp Telephone No. Email Address 1. Please provide the number of loans and the value of loans by census tracts for the following types of loans in an excel format as provided. a. Small Business Loans (gross revenue of $1 million or less) b. Home Mortgages c. Home Equity Loans * Please see Attachment 1. d. Community Development Loans e. Community Development Investments 2. Does your institution participate in the Los Angeles Mortgage Modification Program (LAMMP)? Yes If yes, please provide the number of mortgages and the value of the mortgages by census tract that have received assistance in an Excel format as provided. No X If no, please briefly explain: FHA and FDIC modification programs, as well as our own proprietary modification programs for our portfolio 3. Does your institution participate in any of the following CalHFA s Keep Your Home California Programs? Yes X No Unemployment Mortgage Assistance Program (UMA) Yes X No Mortgage Reinstatement Assistance Program (MRAP) Yes X No Principal Reduction Program (PRP) Yes X No Transition Assistance Program (TAP) Reporting Year: 2015 MUFG Union Bank participates in Freddie Mac, Fannie Mae, loans. MUFG Union Bank offers a loan modification program which includes principal forbearance. However, the bank does not participate in any principal forgiveness programs at this time. MUFG Union Bank has developed its own loan modification program that provides an equitable means for home owners to maintain home ownership and economic dignity. It is also important to note that of our home mortgage modifications, we have a low recidivism rate of those modified reentering delinquency or foreclosure. 1
If yes, please provide the number of mortgages and the value of the mortgages by census tract that have received assistance for each program in an excel format as provided. No If no, please briefly explain: 4. Does your institution participate in any of the following Making Home Affordable Programs? Yes No X Home Affordable Modification Program (HAMP) Yes No X Principal Reduction Alternative SM (PRA) Yes No X Second Lien Modification Program (2MP) Yes X No FHA Home Affordable Modification Program (FHA-HAMP) Yes No X USDA s Special Loan Servicing Yes No X Veteran s Affairs Home Affordable Modification (VA-HAMP) Yes No X Home Affordable Foreclosure Alternatives Program (HAFA) Yes No X Second Lien Modification Program for Federal Housing Administration Loans (FHA-2LP) Yes No X Home Affordable Refinance Program (HARP) Yes No X FHA Refinance for Borrowers with Negative Equity (FHA Short Refinance) Yes X No Home Affordable Unemployment Program (UP) If yes, please provide the number of mortgages and the value of the mortgages by census tract that have received assistance for each program in an excel format as provided. No If no, please briefly explain: 5. In a separate attachment, please provide a list and briefly describe your firm s community investments and/or partnerships with the City and/or local non-profit organizations relating to job growth, affordable housing, home ownership, and foreclosure prevention within the City of Los Angeles. *Please see Attachment 2. 2
Attachment 1 (Pages 5-19) City of Los Angeles Responsible Banking Investment Monitoring Program - 2015
Union Bank Small Business Loans 2015 ATTACHMENT 1 Censustrac Data Count of LoanAmount Sum of LoanAmount (Dollars in Thousands) 1831.03 1 $820 1836.20 2 $100 1863.02 1 $100 1871.02 3 $125 1872.00 1 $100 1883.00 2 $35 1891.01 1 $40 1895.00 1 $23 1899.02 1 $30 1899.04 2 $35 1904.01 1 $25 1907.00 1 $28 1911.10 1 $10 1918.10 2 $47 1919.01 1 $74 1919.02 2 $40 1926.10 1 $75 1941.01 1 $10 1942.00 1 $25 1944.02 1 $25 1945.00 2 $360 1951.00 2 $124 1952.01 1 $50 1953.00 1 $100 1954.00 2 $100 1955.00 1 $20 1958.02 1 $645 1973.00 2 $35 1974.10 1 $20 1994.00 2 $50 2060.31 6 $188 2060.50 1 $35 2062.00 4 $185 2073.01 4 $110 2073.02 3 $94 2075.02 5 $930 2077.10 6 $360 2079.00 1 $50 2080.00 1 $100 2091.02 2 $75 2091.04 1 $100 2092.00 1 $100 2093.00 1 $100 2110.00 3 $25 2111.20 1 $50 2115.00 1 $25 2118.02 1 $25 2127.02 1 $25 5
2141.00 2 $75 2149.01 1 $25 2162.00 1 $75 2163.00 1 $20 2167.00 1 $20 2168.00 1 $40 2169.00 2 $100 2170.01 1 $50 2170.02 1 $10 2171.00 1 $25 2172.00 1 $13 2183.00 1 $20 2187.01 1 $50 2187.02 1 $29 2189.00 1 $50 2190.20 2 $30 2193.00 1 $10 2197.00 1 $15 2240.10 1 $30 2240.20 1 $20 2260.02 4 $142 2360.00 1 $10 2372.02 2 $20 2379.00 1 $50 2396.02 2 $22 2402.00 1 $25 2621.00 2 $575 2622.00 1 $25 2623.01 3 $45 2624.00 1 $75 2640.00 2 $26 2641.03 7 $398 2643.01 2 $65 2643.02 3 $130 2651.00 1 $20 2652.02 2 $83 2655.10 4 $125 2655.20 1 $100 2671.00 3 $60 2674.02 3 $130 2674.03 3 $168 2674.04 1 $25 2675.02 1 $15 2676.00 4 $419 2677.00 6 $311 2679.01 17 $2,345 2691.00 2 $55 2693.00 2 $30 2695.00 2 $95 2696.02 1 $50 2698.00 1 $16 2699.03 1 $15 2699.06 2 $34 2701.00 1 $50 2702.00 1 $10 6
2711.00 1 $25 2714.00 1 $40 2717.01 1 $40 2717.02 1 $75 2719.01 1 $24 2719.02 1 $25 2752.00 1 $48 2754.00 1 $30 2770.00 1 $50 2772.00 2 $200 2780.01 2 $175 5303.02 1 $25 5311.01 1 $10 5318.00 1 $10 5409.02 2 $100 7002.00 1 $10 7003.00 1 $50 7004.00 2 $125 7005.02 1 $25 7028.03 5 $195 7031.00 2 $30 7032.00 1 $35 9800.28 6 $285 Grand Total 236 $13,951 7
Data Censustrac Count of LoanAmount Sum of LoanAmt (in thousands) 1131.02 1 $576 1133.22 1 $390 1238.00 1 $477 1276.04 1 $240 1284.00 1 $604 1344.23 1 $494 1375.04 1 $500 1437.00 4 $2,912 1810.00 3 $1,882 1813.00 5 $3,182 1831.01 1 $541 1831.03 1 $464 1832.20 1 $501 1832.21 1 $800 1835.10 1 $480 1835.20 1 $360 1836.20 2 $1,041 1837.01 1 $178 1851.00 3 $1,715 1852.02 1 $801 1852.03 1 $420 1852.04 1 $360 1862.01 4 $1,558 1862.02 1 $640 1862.03 3 $1,722 1863.01 1 $353 1863.02 2 $1,187 1871.01 1 $398 1871.02 1 $155 1872.00 1 $672 1873.00 2 $1,572 1881.00 1 $604 1882.01 1 $796 1882.02 7 $8,925 1883.00 2 $1,371 1891.02 1 $430 1892.02 5 $5,628 1893.00 5 $5,359 1894.00 6 $5,021 1895.00 1 $488 1896.00 4 $4,308 1897.01 8 $8,037 1897.02 4 $3,190 1898.00 3 $3,812 1899.02 2 $1,535 1899.03 2 $668 1899.05 1 $1,050 1908.01 1 $124 1908.02 1 $559 1910.00 1 $499 1913.02 1 $209 8
1914.20 1 $910 1915.00 4 $1,746 1916.10 1 $527 1918.20 2 $1,687 1919.01 1 $717 1919.02 2 $3,285 1920.01 1 $1,185 1920.02 1 $418 1923.00 3 $5,108 1924.10 4 $3,468 1925.10 2 $992 1925.20 2 $750 1941.01 2 $4,611 1941.02 4 $5,056 1942.00 14 $16,163 1943.00 8 $10,719 1944.01 3 $3,125 1944.02 4 $3,651 1945.00 1 $1,945 1951.00 8 $6,983 1952.01 2 $2,334 1952.02 8 $6,550 1953.00 1 $100 1954.00 6 $4,546 1956.00 2 $1,413 1957.20 2 $1,524 1958.02 2 $719 1958.03 1 $630 1958.04 1 $780 1959.01 3 $1,017 1959.02 1 $761 1959.03 1 $633 1973.00 1 $667 1974.10 2 $1,687 1974.20 1 $508 1975.00 3 $2,052 1976.00 3 $2,739 1977.00 1 $320 1991.10 2 $244 1992.02 1 $468 1993.00 3 $1,127 1994.00 1 $100 1997.00 1 $346 1998.00 1 $343 2013.01 1 $299 2014.01 1 $281 2014.02 1 $420 2015.01 2 $556 2015.03 1 $200 2032.00 1 $317 2041.20 1 $355 2047.00 1 $125 2049.20 1 $205 2060.31 1 $494 2062.00 1 $195 9
2073.02 3 $1,032 2075.01 1 $320 2077.10 4 $2,064 2079.00 4 $1,679 2086.10 1 $416 2091.02 1 $431 2100.10 1 $195 2110.00 8 $7,278 2111.20 1 $405 2114.20 1 $750 2115.00 1 $483 2117.01 1 $1,550 2117.03 3 $530 2118.02 1 $588 2127.02 3 $3,145 2128.00 1 $628 2132.01 1 $536 2133.10 2 $466 2140.00 1 $1,014 2141.00 6 $9,447 2147.00 2 $1,720 2148.00 4 $4,716 2149.02 2 $1,280 2161.00 4 $4,272 2162.00 3 $2,510 2163.00 3 $3,037 2164.02 1 $584 2167.00 4 $3,485 2168.00 3 $2,604 2169.00 2 $1,527 2170.01 2 $1,845 2170.02 2 $1,367 2171.00 3 $1,906 2172.00 1 $633 2181.10 1 $285 2182.10 1 $726 2182.20 4 $2,911 2183.00 2 $872 2184.00 1 $370 2188.00 1 $525 2189.00 2 $906 2190.10 1 $375 2193.00 1 $170 2197.00 1 $365 2198.00 1 $264 2201.00 1 $504 2214.01 2 $853 2216.01 1 $259 2220.01 2 $354 2220.02 3 $611 2222.00 1 $580 2225.00 1 $215 2246.00 1 $172 2260.02 1 $177 2267.00 2 $338 10
2282.10 1 $140 2282.20 1 $185 2283.10 1 $212 2285.00 1 $150 2288.00 1 $241 2312.10 1 $324 2315.00 1 $360 2324.00 1 $340 2326.00 1 $184 2340.00 2 $643 2345.02 1 $215 2346.00 2 $625 2347.00 2 $268 2348.00 2 $454 2352.01 1 $100 2360.00 1 $740 2361.00 1 $238 2362.03 1 $65 2364.00 2 $909 2372.02 1 $105 2373.00 3 $612 2374.01 1 $178 2374.02 1 $215 2377.10 1 $238 2378.00 2 $520 2379.00 1 $212 2381.00 1 $150 2382.00 1 $253 2393.20 1 $171 2395.02 1 $162 2396.02 1 $104 2398.02 2 $500 2400.20 1 $220 2402.00 1 $201 2404.01 2 $370 2405.00 1 $192 2409.00 1 $174 2410.01 2 $343 2411.10 1 $152 2412.02 1 $216 2414.00 1 $222 2422.00 2 $311 2427.00 2 $409 2611.01 3 $4,431 2612.00 3 $2,624 2621.00 3 $15,595 2622.00 19 $33,382 2623.01 5 $6,948 2623.02 2 $4,910 2623.03 10 $31,583 2624.00 10 $19,682 2625.01 1 $1,880 2626.04 1 $2,025 2640.00 6 $11,151 2641.02 1 $503 11
2641.03 1 $342 2643.01 5 $4,027 2643.02 3 $2,246 2651.00 1 $1,820 2652.01 1 $645 2652.02 4 $4,957 2654.10 2 $2,266 2654.20 2 $2,555 2655.10 1 $300 2655.20 3 $1,944 2656.01 4 $3,265 2656.02 5 $4,935 2657.00 5 $3,747 2671.00 7 $7,296 2672.00 4 $2,284 2674.02 3 $1,411 2674.03 2 $952 2674.04 1 $750 2675.01 2 $1,115 2676.00 2 $1,280 2678.00 5 $3,519 2679.01 5 $3,392 2679.02 3 $2,094 2690.00 5 $5,787 2691.00 5 $6,173 2693.00 6 $9,487 2695.00 5 $5,550 2696.02 1 $764 2697.00 6 $4,298 2698.00 1 $200 2699.03 1 $230 2702.00 1 $382 2703.00 1 $520 2711.00 2 $1,600 2713.00 5 $3,009 2714.00 9 $8,979 2715.00 5 $5,261 2716.00 4 $2,673 2717.01 6 $4,364 2717.02 3 $3,360 2718.01 3 $2,309 2719.01 3 $2,677 2719.02 6 $5,118 2721.00 5 $4,270 2722.01 3 $2,068 2722.02 2 $1,468 2723.01 2 $1,550 2723.02 3 $1,883 2751.02 1 $860 2752.00 1 $750 2753.02 4 $1,693 2753.11 4 $2,168 2754.00 3 $2,699 2755.00 2 $597 2756.02 8 $8,130 12
2760.00 3 $2,013 2761.00 2 $693 2764.00 9 $6,874 2765.00 3 $2,034 2766.01 3 $3,243 2770.00 9 $6,747 2771.00 4 $2,293 2780.01 2 $1,316 2911.10 1 $357 5305.00 1 $165 5312.01 1 $135 5312.02 1 $93 5317.01 1 $273 5318.00 1 $73 5319.01 2 $332 5329.00 1 $197 5351.01 1 $243 5351.02 1 $139 5352.00 1 $276 5407.00 1 $100 5408.00 2 $409 6003.04 1 $50 6028.02 2 $293 7028.03 1 $650 7030.01 1 $990 7030.02 7 $5,054 7031.00 4 $1,921 7032.00 1 $510 Grand Total 723 $606,993 13
Union Bank Home Equity Loans 2015 in Thousands Data Censustrac Count of LoanAmount LoanAmount (in thousands) 1012.20 1 $160 1013.00 1 $165 1021.03 1 $150 1021.07 1 $66 1065.10 1 $250 1066.45 1 $100 1081.03 1 $100 1082.01 1 $275 1082.02 2 $331 1096.01 1 $150 1097.00 1 $50 1112.06 1 $83 1133.21 1 $100 1152.02 1 $95 1153.01 1 $100 1171.01 1 $50 1173.02 1 $110 1193.41 1 $100 1203.00 1 $100 1211.01 1 $50 1212.10 1 $100 1216.00 1 $100 1221.20 1 $100 1240.00 2 $244 1253.10 1 $81 1274.00 1 $61 1276.06 1 $100 1278.05 1 $100 1285.00 1 $675 1286.01 1 $50 1286.02 1 $36 1313.00 1 $100 1321.01 1 $250 1327.00 1 $238 1349.04 1 $150 1352.03 1 $388 1370.00 1 $80 1375.01 1 $158 1380.00 1 $115 1393.03 1 $276 1396.00 1 $568 1397.01 2 $420 1397.02 1 $1,000 1411.02 2 $147 1412.02 1 $80 1414.00 1 $250 1416.00 2 $367 1417.00 1 $625 1433.00 2 $200 1434.00 1 $65 1437.00 1 $200 14
1813.00 1 $58 1815.00 1 $50 1831.01 1 $50 1836.20 1 $20 1861.00 1 $88 1871.01 2 $200 1873.00 1 $152 1881.00 1 $62 1882.01 2 $200 1882.02 3 $453 1883.00 2 $393 1893.00 1 $100 1894.00 1 $150 1896.00 3 $339 1897.01 1 $100 1898.00 1 $51 1899.03 1 $130 1920.02 1 $100 1923.00 1 $166 1924.10 1 $100 1941.02 1 $146 1942.00 4 $1,111 1943.00 2 $345 1944.01 1 $175 1944.02 1 $139 1951.00 4 $775 1952.01 1 $100 1952.02 3 $222 1954.00 1 $30 1958.04 1 $120 1959.03 1 $100 1972.00 1 $215 1990.00 1 $50 1997.00 1 $100 2032.00 1 $50 2044.10 1 $78 2084.02 1 $50 2110.00 1 $60 2115.00 2 $700 2127.02 3 $482 2128.00 1 $50 2140.00 2 $580 2144.00 1 $23 2149.01 1 $230 2162.00 1 $137 2163.00 1 $100 2164.01 1 $67 2167.00 2 $180 2168.00 1 $100 2169.00 1 $53 2170.02 1 $58 2171.00 1 $38 2182.10 1 $300 2183.00 1 $29 2189.00 1 $300 15
2190.10 1 $170 2190.20 1 $20 2193.00 2 $200 2197.00 1 $40 2200.00 2 $76 2221.00 1 $99 2225.00 1 $50 2340.00 1 $121 2372.02 1 $50 2380.00 1 $100 2611.02 1 $280 2612.00 3 $545 2622.00 4 $2,612 2623.01 2 $720 2623.03 1 $500 2624.00 1 $250 2626.04 2 $1,168 2627.06 1 $500 2640.00 3 $477 2651.00 1 $750 2652.01 1 $434 2652.02 1 $500 2654.10 1 $100 2654.20 2 $650 2656.01 1 $450 2656.02 5 $1,822 2671.00 3 $729 2676.00 1 $500 2678.00 2 $359 2679.01 2 $600 2679.02 1 $500 2690.00 3 $758 2691.00 1 $500 2693.00 2 $505 2695.00 2 $247 2696.02 1 $175 2697.00 1 $434 2702.00 1 $100 2703.00 1 $369 2713.00 1 $485 2714.00 1 $100 2718.01 1 $87 2719.02 1 $167 2721.00 2 $110 2722.02 1 $55 2723.01 1 $150 2734.02 1 $100 2737.00 1 $236 2752.00 1 $150 2753.11 1 $250 2754.00 2 $165 2755.00 1 $77 2756.02 1 $206 2756.03 1 $300 2760.00 1 $60 16
2765.00 2 $348 2766.01 2 $600 2770.00 6 $817 2771.00 1 $100 2912.20 1 $35 2913.00 1 $100 2933.01 1 $100 2964.01 1 $34 5409.02 1 $97 6002.01 1 $150 6003.02 1 $75 6028.02 1 $30 7030.02 1 $229 Grand Total 234 $44,033 17
Union Bank Community Development Loans 2015 CensusTract Data Count of ReportingAmount Sum of ReportingAmount (whole dollars) 1192.01 1 $1,750,000 1235.10 2 $2,750,000 1249.02 1 $490,909 1249.03 1 $210,526 1347.10 2 $3,490,909 1393.02 1 $72,222 1413.02 1 $922,500 1438.00 1 $187,500 1899.02 1 $137,500 1915.00 1 $500,000 2060.31 1 $250,000 2063.00 1 $200,000 2073.02 2 $6,239,000 2089.04 1 $54,361 2094.03 1 $834,000 2113.10 1 $2,648,000 2113.20 1 $33,782,126 2122.02 2 $246,907 2122.03 1 $1,500,000 2162.00 1 $200,200 2182.10 1 $75,000 2189.00 1 $381,750 2240.20 2 $3,420,000 2349.02 1 $14,205,955 2361.00 1 $688,188 2382.00 1 $6,250,000 2752.00 1 $93,333 5311.01 1 $100,000 7011.00 1 $150,000 Grand Total 34 $81,830,886 Whole Dollars 18
City of Los Angeles Community Development Investments as of 12-31-15 FUNDED INVESTMENTS Data Dollars in Thousands Purpose Count of Funded Investments Sum of Funded Investments Affordable Housing 19 $111,442 Community Economic Development 1 $1,424 Small Business Development 7 $904.00 Grand Total Funded 27 $ 113,770 UNFUNDED INVESTMENTS Data Dollars in Thousands Purpose Count of Unfunded Investments Sum of Unfunded Investments Affordable Housing 18 $80,653.00 Community Economic Development 2 $306.00 Grand Total Unfunded, but committed to fund 20 $ 80,959 Grand Total Community Development Investments as of 12-31-15 47 $194,729 Dollars are in Thousands Our Investments have created 2,850 low-income housing units and 23 jobs in City of Los Angeles. 19
Attachment 2 (Pages 21-23) City of Los Angeles Responsible Banking Investment Monitoring Program - 2015
ATTACHMENT 2 City of Los Angeles Responsible Banking Investment Monitoring Program for Commercial Banks Calendar Year 2015 MUFG Union Bank 5. In a separate attachment, please provide a list and briefly describe your firm s community investments and/or partnerships with the City and/or local non-profit organizations relating to job growth, affordable housing, home ownership, and foreclosure prevention within the City of Los Angeles. -- Partnerships with the City of Los Angeles Union Bank supports and is actively engaged with many of the initiatives led by Mayor Eric Garcetti: o o o o 10K Small Business Initiative Hire LA s Youth Program Los Angeles Annual Mayor s Small Business Awards This year, we will also be supporting the DART program (Domestic Violence Campaign), and the Immigration Project, specifically working with the LAUSD youth. Union Bank is an active member of the Financial Empowerment Initiative being led by Economic and Workforce Development Department of the City of Los Angeles. Union Bank provided financial education for youth participating in the Hire LA Youth program and established bank accounts for some of the youth. Union Bank is one of the founding members of the Bank On California initiative; and we have been present and active in the Bank On Los Angeles initiative since its inception in 2008. Under the Bank On Los Angeles program, Union Bank provides low-cost products for the unbanked such as the Access Account, this is a safe, low-cost account, designed for customers who may not have or need a traditional checking account. A unique alternative, it allows you easy access too many standard banking features. Union Bank continues to support and participate with the Alliance for Economic Inclusion (AEI) initiative in Los Angeles led by the Federal Deposit Insurance Corporation (FDCI). Union Bank is a strong partner of LAUSD (Los Angeles Unified School District) o In 2014, Union Bank opened two Student Run Branches in two High Schools in the City of Los Angeles Crenshaw and Lincoln Heights High Schools. This is part of the linked learning approach where students learn financial education and other leadership skills. The program provides real-world financial experience and education. Ongoing financial workshops are conducted at the branch by and for fellow students, parents and guardians of the students 21
o On November 21, 2013, Union Bank donated 10,000 financial literacy books What a Bank Can Do to the LAUSD Beyond the Bell Branch (BTB) after school program; an investment of $30,000. The books continue to be used as part of the ongoing BTB financial literacy program for more than 160,000 students in 670 LAUSD schools. Support of local non-profit organizations relating to job growth, affordable housing, home ownership, and foreclosure prevention within the City of Los Angeles. Union Bank provided 92 Foundation grants in the City of Los Angeles focusing services in the areas of community economic development and affordable housing. The dollar investment in these nonprofit organizations in 2015 was $1,168,000. In 2013, Union Bank set aside $350,000 annually for the next three years (2013-2015, total investment $1,050,000) to support nonprofit organizations providing Homeownership Counseling for first-time home buyers and foreclosure prevention and Technical Assistance for Small Business owners (including job growth) in the City of Los Angeles. Distribution of this investment was done through a RFP (Request for Proposal) process and the awardees were: Homeownership Counseling and Foreclosure Prevention West Angeles Community Development Corporation - $300,000 over three years Los Angeles Neighborhood Housing Services - $150,000 over three years Technical Assistance to Small Business Owners PACE (Pacific Asian Consortium in Employment) - $300,000 over three years Business Resource Group - $150,000 over three years Vermont Slauson EDC - $150,000 over three years Union Bank employee engagement in the City of Los Angeles In 2015, Union Bank employees have volunteered with approximately 159 nonprofit organizations in Los Angeles for a total of 5,601 volunteer hours. From this total 1,082 were used to provide financial literacy in partnership with schools, Junior Achievement, Operation Hope, Boys and Girls Clubs, Big Brothers and Big Sisters of Los Angeles, Chinatown Service Center, the UCLA Foundation, and other nonprofit organizations serving children, youth, adults, and families. Our Bank Officers and Executives are also very active serving on Boards of nonprofit organizations, providing leadership and strategic direction. In 2015, the total number of Board service hours was 20,319, which translate into over $3.2 million dollars of pro-bono service for 446 nonprofit organizations throughout California. For the City of Los Angeles, 47 officers served on 89 nonprofit organizations, representing 20% of all nonprofits served. 22
Community Development Financial Institution (CDFI) & Small Business Investment Corporations (SBIC) Partners in Los Angeles County Valley and Genesis are CDFI s - please see Attachment 2.1. Avante and SEAM are SBIC s - please see the Attachment 2.2 for CD-1 filings with the OCC describing these Public Welfare Investments (page 6) under regulation 12 CFR-Part 24. Avante Mezzanine Partners - $7,500,000 SEAM Fund II, L.P. - $5,000,000 Valley Economic Development Center - $1,000,000 Genesis LA Economic Growth Fund $750,000 Other Community Projects: Mural Project: The campaign by Los Angeles Mayor Eric Garcetti to honor the rich histories of that city s most important Great Streets is receiving staunch support from MUFG Union Bank. The bank is donating $30,000 to fund the painting of a series of three murals along Central Avenue, the backbone of Historic South Central area that will depict important contributions from that neighborhood to this country over the years. First Mural: In July of last year the first of the MUFG Union Bank-funded murals was unveiled, honoring the historic jazz scene in Los Angeles. It was painted on the outside wall of 9th District City Councilmember Curren D. Price, Jr. s office on Central Avenue and timed to coincide with the 19 th Annual Central Avenue Jazz Festival Second Mural: Work has also been completed on the second mural honoring American soldiers who have fought in five conflicts overseas. This mural was recently unveiled and is painted on the outside wall of the Veterans of Foreign Wars building Benjamin J. Bowie Post 228 at 5115 South Central Avenue. Established 92 years ago, the post lays claim to being the oldest this side of the Mississippi River. The work on the third mural has just begun and will highlight the children in the community in partnership with the Newton Police Division, PALS program and Council Curren Price s office. Councilman Gilbert Cedillo s Jazz Music Festival Series: Union Bank was the inaugural sponsor of the Councilmember s Community Summer Concert Series which began in July of 2014 bringing cultural enrichment to this predominantly LMI community. We continue to support the summer concerts which are provided at no cost to the community. 23
Attachment 2.1 (Pages 24) City of Los Angeles Responsible Banking Investment Monitoring Program - 2015
ATTACHMENT 2.1 Union Bank s Equity Equivalent (EQ2) loan program is offered by Union Bank s Corporate Social Responsibility Group. Equity Equivalent (EQ2) loans are unsecured, interest-only commercial lines of credit made to Community Development Financial Institutions (CDFIs). CDFIs are regulated, licensed and certified by the U.S. Department of Treasury and provide financial products and services to people and communities underserved by traditional financial institutions and operate in low-income communities across the country. EQ2 loans provide CDFIs capital, which allow them to better meet the needs of their markets by allowing them to engage in longer-term small business lending and business technical support in economically disadvantaged communities for the purposes of development and revitalization. Eligible Borrowers CDFI s Loan Amount $250,000 - $1,000,000 Term and Amortization 5 year initial term then renewable annually for 5 additional years for a final maturity of 10 years. Interest due quarterly with principal at maturity. Non - Revolving facility one year draw period.. Collateral Unsecured Interest Rate 2.00% - 3.00% Loan Fee None Underwriting Financial Ratios Revenue Net Asset Loan Loss Reserve Secured Debt Liquidity EQ2 applicants must demonstrate a tangible social impact in the markets they serve by the programs provided. Additionally, applicants must have diversified and stable funding sources and is financially sound. 24
Attachment 2.2 (Pages 25-30) City of Los Angeles Responsible Banking Investment Monitoring Program - 2015
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Attachment 3 (Pages 32-35) City of Los Angeles Responsible Banking Investment Monitoring Program - 2015
ATTACHMENT 3 RESIDENTIAL LENDING City of Los Angeles RFP Data June 2016 0 32
Overview of Union Bank and Residential Lending Union Bank has a long history of highly successful residential lending and servicing with a tradition of discipline and prudent underwriting. We are committed to responsible lending, community involvement and homeownership preservation. Union Bank brings multiple resources to meet the challenges in our communities. Our vision and values emphasize responsible banking practices across our entire enterprise by all employees. This commitment is demonstrated in our emphasis and record in Corporate Social Responsibility, particularly in volunteerism, and our strong foundation and diversity. We employ a high-touch/low caseload per employee in default management area to ensure customers experience the highest levels of customer service and attention to their concerns. 1 33
Summary of Residential Lending Activities The following information highlights just a few of the efforts we take in our Residential Lending area to assist our customers who reach out to us for assistance. SPOC - Union Bank is committed to provide excellent customer service to all bank consumers, and is cognizant of the economic conditions and other factors that specifically affect mortgage loan customers. The low volume, high customer contact environment that Union Bank operates in is enhanced by the implementation of the Single Point of Contact team. This team specifically provides customers who are experiencing a hardship condition or an imminent default a single relationship manager that can assist them by providing the following: 1) Options to avoid foreclosure (as enumerated on slide 3) 2) Assistance during the workout application process (e.g. education, follow-up, status updates, etc.) 3) A single resource the customer can leverage throughout this period of hardship 4) Outreach to severely delinquent customers The creation and development of this process within the mortgage servicing division speaks to Union Bank s commitment to servicing excellence. Customer Resolution We have a dedicated Customer Resolution department that is focused solely on monitoring, tracking, and responding to complaints from all sources to ensure timely and thorough responses. REO Union Bank is committed to acting in accordance with all federal, state and local laws, regulations, ordinances and orders in its disposition of REO properties. We manage the REO portfolio through a Broker Direct partnership using traditional retail channels. Mortgage Assistance Our Mortgage Assistance Program (MAP) provides alternatives to foreclosure by offering customers loss mitigation options when a hardship arises. 2 34
Summary of Residential Lending Activities As mentioned, Union Bank has a number of programs that provide our customers options when they are experiencing a hardship; we also ensure that we refer our customers to certified housing counseling agencies for additional assistance and support. Here are some of the programs we offer for customers who wish to retain their homes: Participation with CalHFA in the Keep Your Home California Program Refinancing Repayment Plan Payment Extension Loan Modification Interest rate reductions Loan term extensions Conversion to a fixed rate Escrow (Tax & Insurance) resolutions If the customer requests consideration for any of the above programs, Union Bank will suspend any foreclosure activity to ensure they have the opportunity to take advantage of these offerings, as permitted. 3 35