HarborOne Bancorp, Inc..
HONE.US | Other monetary intermediation
HarborOne Bancorp, Inc. operates as the holding company for HarborOne Bank, providing financial services to individuals, families, and businesses. The bank offers a range of deposit products, including checking, savings, and money market accounts, as well as certificates of deposit. Its lending port...Show More
Better Health for All
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HarborOne Bancorp, Inc. is a financial services company, and its core products and services (deposits, loans, wealth management, insurance) do not have a direct positive or negative impact on health. Therefore, KPIs related to the direct health impact of products, harmful revenue, safety records, price accessibility of health products, risk transparency for health, health innovation investment, health externalities, healthcare workforce support, preventative health measures, healthcare data responsibility, mental health initiatives, pharma patent flexibility, nutrition and food safety, addiction mitigation, and clinical trial ethics are not applicable to its primary business model. While the company's foundation provides grants for basic human services and financial education
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, and the bank engages in community reinvestment activities
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, these are not direct health services or products from the company's core operations, nor do they directly address health needs as defined by the rubric's KPIs.
Fair Money & Economic Opportunity
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HarborOne Bancorp received an Outstanding Community Reinvestment Act (CRA) rating from the FDIC as of April 29, 2024, and examiners found no discriminatory or illegal credit practices.
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The company's lending test was rated Outstanding, with 107 community development loans totaling $706.1 million during the evaluation period.
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Additionally, it originated 144 MassHousing loans ($26.3 million), 90 ONECommunity Mortgage Program loans ($30.9 million), 116 SBA 7(a) loans ($35.2 million), and 35 SBA 504 loans ($35.9 million).
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The bank also committed to providing $35.0 million in CDA and $15.0 million in CDA Extra financing annually through FHLBB programs, reaching its $50.0 million funding limit in 2023.
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HarborOne offers financial education programs to groups of 15-200 students and adults, including programs like 'Millionaire Mindset' and 'Credit for Life', and provides free digital content through 'HarborOne U'.
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However, the reach of these programs is not quantified as a percentage of customers. The company operates 30 full-service branches, with 10% located in low-income census tracts and 18% in moderate-income census tracts within its assessment area.
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Fair Pay & Worker Respect
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For the 2024 fiscal year, the CEO to median employee pay ratio was 21:1, with the CEO's total compensation at $1,996,521 and the median employee pay at $94,882.
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Employee reviews on Glassdoor show an overall rating of 3.45 out of 5 stars, with 51% of employees stating they would recommend the company to a friend.
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Fair Trade & Ethical Sourcing
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HarborOne Bancorp, Inc. operates as a financial services company.
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The 'Fair Trade & Ethical Sourcing' value and its associated KPIs are primarily designed for companies involved in the procurement or trade of physical commodities with complex supply chains. The provided articles do not contain any information regarding the company's procurement of physical commodities, fair-trade certifications, supplier audit frequency, forced or child labor incidents, supply chain traceability, remediation speed for such incidents, ethical sourcing clauses in supplier contracts, or spend on high-risk materials.
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Therefore, all KPIs are deemed not applicable to the company's business model in the context of this value.
Honest & Fair Business
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No evidence available to assess HarborOne Bancorp, Inc. on Honest & Fair Business.
Kind to Animals
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No evidence available to assess HarborOne Bancorp, Inc. on Kind to Animals.
No War, No Weapons
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No evidence available to assess HarborOne Bancorp, Inc. on No War, No Weapons.
Planet-Friendly Business
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The provided articles do not contain specific, quantifiable data points for any of the Planet-Friendly Business KPIs. While some articles mention general environmental initiatives like recycling programs or financing renewable energy projects, they lack the precise metrics (e.g., percentages, tons of CO2e, m³ per revenue, number of certifications, etc.) required by the rubric.
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Therefore, no KPIs can be scored based on the available evidence.
Respect for Cultures & Communities
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No evidence available to assess HarborOne Bancorp, Inc. on Respect for Cultures & Communities.
Safe & Smart Tech
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HarborOne Bancorp, Inc. reported no data breaches or incidents of unauthorized data use during the year, supported by a comprehensive cybersecurity risk management program and an incident response plan.
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The company's regulatory compliance program aligns with the Gramm-Leach-Bliley Act, Fair and Accurate Credit Transactions Act, NIST Cybersecurity Framework, and Center for Internet Security benchmarks.
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However, users can limit the sharing of personal information, but not all types, indicating limitations in user data control.
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Zero Waste & Sustainable Products
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HarborOne Bank sponsored an E-Waste Recycling & Paper Shredding Day on April 20, 2024, which accepted recyclable materials and e-waste from the public.
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This event provided basic information on where and how to dispose of certain waste items.