Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank. Carver was founded in 1948 in Harlem to serve African-American communities whose residents, businesses, and institutions had limited access to mainstream financial services. Carver has been designated by the U.S. Treasury Department as a Community Development Financial Institution (CDFI) because of its community-focused banking services and dedication to the economic viability and revitalization of under-served neighborhoods. Carver is the largest African- and Caribbean-American run bank in the United States, with 10 full-service branches in the New York City boroughs of Brooklyn, Manhattan, and Queens. All other Black owned and focused banks in New York City have closed.Carver engages in a range of consumer and commercial banking services. It provides deposit products, including demand, savings and time deposits for consumers, businesses, governmental and quasi-governmental agencies. In addition, Carver originates loans for the purchase or refinance of multi-family residential, mixed-use and commercial properties; originates or participates in construction and renovation loans for commercial property and multi family or mixed-used developments; and provides loans to small business, non-profit and faith based organizations. For consumers who may not want a traditional bank account, Carver offers Carver Community Cash. This expansion includes cashing checks, paying bills, send or receive Western Union money transfers, purchase discounted money orders and prepaid VISA debit card.