The Work Index by Flexa

Locus Bank

Locus is a nonprofit organization dedicated to creating equitable access to capital in communities where the existing financial system is not working.

https://locusimpact.org/
5.3

/10

Transparency ranking

Work at Locus Bank?

Tell us what we're missing about working at Locus Bank so we can make the job search more transparent for everyone.

Tell us what it's like to work at Locus Bank!

Description

Locus is a nonprofit holding company that operates a family of social enterprises dedicated to creating equitable access to capital in communities where traditional financial systems fail. They envision a world where everyone, regardless of background or location, can access the resources they need to thrive. Through innovative financial tools and community partnerships, Locus empowers individuals, businesses, and organizations in low-to-moderate income communities. Their work includes lending, banking, impact investing, place-based investments, and strategic consulting, with a focus on areas like small business development, affordable housing, clean energy, and food access.

Locus has a long history of working in partnership with community organizations and investors to build a more equitable and sustainable future. They are committed to using their financial resources and expertise to address systemic challenges and unlock opportunities for underserved communities. Their belief in the power of community-focused capital drives their dedication to creating a world where everyone has the opportunity to thrive.

Flexibility

Locus offers a hybrid-remote work model, allowing employees to work from home and in the office. This flexibility gives employees the option to balance their work life with their personal life. The company has offices in Christiansburg and Richmond, Virginia, and employees can choose to work from either location. The company does require employees to work in the office on occasion, so employees should be prepared to travel to one of the two locations.

Benefits

Locus provides a comprehensive benefits package for its employees, including medical, dental, and vision insurance, short- and long-term disability coverage, a 401k savings plan with employer match, life insurance, and 20 days of paid time off per year, along with 11 paid holidays.

Mission

Locus is a community development financial institution dedicated to creating equitable access to capital and fostering thriving communities. They partner with organizations and individuals in underserved areas, providing financial tools and advisory services to support economic development, affordable housing, climate solutions, and healthy food access. Their mission is to empower communities and individuals to realize their full potential by ensuring that everyone has the resources they need to succeed.

Environmental impact driven
Improving quality of life/health
Not-for-profit
Social impact led
Sustainability

Culture

Locus promotes a collaborative and mission-driven culture, emphasizing community-centered partnerships and equitable access to capital. They value trust, excellence, respect, accountability, and authentic belonging, celebrating diverse perspectives and shared success. This commitment to equity and inclusion extends to their workforce, where they strive to create a workplace that values different identities and promotes a sense of shared purpose.

Collaborative
People-first
Progressive
Supportive
Transparent

DE&I

Locus is committed to fostering a workplace of trust, excellence, respect, accountability, and authentic belonging where diverse identities, different perspectives, and shared success are celebrated. Their community-centered approach prioritizes people and financial inclusion and prosperity for all. They partner with systemically under-resourced communities as they build wealth through investments in key sectors, amplifying the voices of diverse stakeholders to address forces that hinder sustainable economic development and equitable access to financial and advisory services.

Similar companies. But verified.

Empolyee verified