ABOUT UFSC
 
   
   
 
ABOUT UFSC

UFSC of Greater Cincinnati History
Urban Bankers of Greater Cincinnati was established in March 1991 and was incorporated in the State of Ohio as UBGC, Inc. (Urban Bankers of Greater Cincinnati) on August 17, 1992. The organization adopted the new name of Urban Financial Services Coalition to broaden its membership to include not only commercial banks, but all financial service industries located throughout Greater Cincinnati. The State of Ohio certified the name change to Urban Financial Services Coalition, Inc. of Greater Cincinnati on March 4, 2002.    The Internal Revenue Service exempt status under section 501(a) of the Internal Revenue Code was upgraded from an organization described in section 501(c) 6 to an organization described in section 501(c) 3.  A determination letter issued in June 1996 was finalized on the 7th day of November 2001 and recognition of the amended Articles of Incorporation (name change) filed with the state and confirmed the organization’s exemption status under section 501(c) 3 of the Internal Revenue Code on April 27, 2002.

 

Goals

  • To educate and share information about financial services within diverse communities;
  • To develop minority financial services professionals through the exchange of financial knowledge acquired through experience and education;
  • Bring into focus issues and concerns that must be addressed to provide an opportunity to become part of the economic mainstream; and
  • To serve as a resource organization that provides a link to diverse communities through education, information and the implementation of programs to facilitate economic empowerment.
National Organization History
The Urban Financial Services Coalition (UFSC) is a non-profit professional organization of minorities in the financial service industry. The UFSC (formerly the National Association of Urban Bankers) was established in New York in 1974. The original group was composed of bankers from five different cities, New York, Chicago, Little Rock, Detroit and Boston. Robert Samuels became the founding national president.
The mission of the original organization was to provide a forum of exchange for networking among minority bankers. The primary goals were to 1) increase the number of minority professional levels within the industry; 2) provide scholarships for youths and 3) provide financial expertise and advisory service in minority communities. Affiliate chapters were soon established in several other cities to include Philadelphia and Washington, DC. Over the years, the national association grew to 48 chapters across the United States and in Toronto, Ontario, Canada. Interest groups were established in the Caribbean and Africa. Under the leadership of Henry Givens, President 1999-2000, the organization expanded beyond banking to encompass the entire financial industry, and the organization’s name changed from the National Association of Urban Bankers to Urban Financial Services Coalition (UFSC). Under its expanded scope, UFSC now includes asset management, banking, consumer credit, credit unions, e-commerce, estate/financial planning, insurance, investment banking, securities, mortgage banking and all other components of the financial services industry, as well as applied technology and other allied fields. The mission of UFSC is to be the preeminent resource organization in the financial services industry that provides professional development programs supports educational advancement and promotes economic empowerment for its members.