Wednesday, July 26, 2006

UAAD REQUEST FOR CHASE BANK TO NEGOTIATE AN AFFINITY CREDIT CARD AGREEMENT
(TO ASSIST CHASE IN CARRYING OUT ITS “SMART START OF LOUISIANA” COMMITMENT OF 2004)

UAAD PROPOSE TO JPMORGANCHASE BANK THAT THIS AFFINITY CREDIT CARD NEGOTIATIONS BE IMPLEMENTED IMMEDIATELY. THIS IS NEEDED IN ORDER TO ASSIST THE HURRICANE AND OTHER VICTIMS. THESE NEGOTIATIONS IN GOOD FAITH WILL ASSIST IN ELEMINATING PROVERTY, PREDITORY LENDING PRACTICES AND ASSIST JPMORGANCHASE BANK IN ITS COMMITMENT TO CHASE’S “SMART START OF LOUISIANA” DUE TO THE REPARATION COMMITMENT THIS BANK MADE IN 2004.
UAAD’S PROPOSAL WILL ASSIST BOTH AFRICIAN AMERICANS AND JPMORGANCHASE BANK IN CARRYING OUT THIS AND OTHER OBLIGATIONS UTILIZING THE COMMUNITY REINVESTMENT ACT CRA AS GUIDELINES FOR NEGOTIATIONS WITH 501C3 NON PROFITS
See: http://www.chaseuedcaffinity.blogspot.com

Some Banks Utilize "Affinity Credit Cards" to counter predatory lending

Affinity cards are cards issued by a major bank that also bear the logo of a select charity or nonprofit. Each time you use an affinity card, the issuing bank donates a set amount to the charity/nonprofit.

First USA Partnership

(Letter from First USA Partners 8/99)


I would like to thank you for providing First USA Bank with the opportunity to bid on the affinity credit card business for UEDC. We are currently looking at groups with a membership or 20,000. Unfortunately your current membership of 2,500 does not meet the bank's present size requirements; therefore I must respectfully decline at this time. I wish you success with your organization and will be happy to reevaluate the opportunity as your membership grows.
Suzanne M. Devoe, Vice President Research


REQUEST FOR AN AFFINITY CREDIT CARD AGREEMENT
June 13, 2006
To: Mr. Douglas Corrigan
Affinity Credit Card Division
JPMorganChase Bank

UAAD Request: FOR AN AFFINITY CREDIT CARD AREEMENT WITH JPMorganChase Bank
Mr. Corrigan,
April 4, 2006 a meeting was held at JPMorganChase Bank at the main branch in Ruston, LA. Present from Chase were Mr. Ruben Ramos, Mr. Mizell Scott, Ms. Charlita Cloman. Mr. David Lewis of the OCC, 3 members of the Grambling Community and I the CEO of United Affirmative Action Development Corp (UAAD). Mr. Ramos stated at this meeting that he would put me in touch with a Chase Bank official that would negotiate an affinity credit card program for UAAD members. His estimate was that contact would be made within 24 hours. April 28, 2006 a conference call was held with Mr. Ramos and other Chase Bank officials. Mr. Ramos and Chase officials asked UAAD to submit our proposal, outlining groups, from whence our potential members shall come. The following describes our potential membership pools:

Historic Black Universities and Colleges (HBUC), faculty, students, family members of each community’s ancillary to campuses, anticipated membership: 250 Thousand

UAAD is negotiating a coalition of small banks in the state of Louisiana to assist the Hurricane Victims, with emphasis on the low-moderate income. This process we believe will attract an anticipated membership of approximately: One Million

With an affinity card at a reduced interest rate UAAD will again attract labor unions, truck driver, (owner operators), with an anticipated membership: 250Thousand

Within 3years UAAD with the assistance of the Affinity Credit Card anticipate a membership in excess of : 5 Million

UAAD will need in writing from JPMorganChase Bank an acknowledgment of these negotiations, in order that we may began the process of presenting to our members and potential members.

UAAD/UEDC Hurricane Victims Recovery (HVR) Louisiana Bank Proposal

Attn: CRA Representative
UEDC an affiliate of UNITED AFFIRMATIVE ACTION DEVELOPMENT CORP (UAAD) a 501c3 non-profit propose to create a coalition of small and large banks in the state of Louisiana in order to provide low, moderate-income individual and small businesses to include African Americans (AA) the necessary funding in order to recover from KATRINA, and its aftermath.

UAAD will seek a contribution of 3% of each banks CRA commitment to develop the following programs:
Mobil office and trailer units. These vehicles will be used to service the Hurricane Victims and others. Units will be staged at organization sites, churches, colleges and other locations to assist low-moderate income individuals in loan applications, credit repair, business assistance, legal and other mobile assistance. See: http://www.uaadcorp.com/

Promote Coordinate efforts with participating banks to bring financial aid to Hurricane Victims and others. See: http://www.uaadcra.blogspot.com/

UAAD is in the process of negotiating a low interest Affinity Credit Card that will benefit other participating banks members. See: http://www.chaseuedcaffinity.blogspot.com/, credit card program.

UAAD anticipate that the majority of the banks in Louisiana will join and participate in this Hurricane Recovery program.

United Affirmative Action Development Corporation, a 501c3 non-profit, would like to meet with your CRA representative. We would like to have a copy of your CRA files and to discuss the following:
A CRA Proposal From UNITED EQUITY DEVELOPMENT CORP (UEDC) To All Banks In The State of Louisiana for Hurricane KATRINA Recovery.

The suggestions of the COMMUNITY RE-INVESTMENT ACT of 1977 (CRA) is that banks commit at least 10 percent of their assets toward CRA activities. These set asides can be in the form of low interest loans, or contributions.
CRA a part of the civil rights legislation of 1977 was created due to predatory lending, red-lining and discrimination on the part of our nation’s banks.

see: http://www.uaadcorp.com/ / http://www.chaseuedcaffinity.blogspot.com/
http://www.chasebankreparation.blogspot.com/
UAAD/UEDC will organize a coalition of banks, community organizations, in order to benefit the Hurricane victims. Such a coalition will benefit the banks, low, moderate-income to include AA. / http://www.bankwhileblack.com/

Utilization of funds:
Finance down payments to low-moderate-income for home purchase, (based on programs JPMorganChase Bank has established).

Provide low (no interest loans to hurricane victims)

Provide low interest business loans to small businesses. (Lower to Katrina Victims).

Contributions to HBUC’s, to increase CRA activities and scholarship programs.

Establish Micro-business Centers at all HBUC’s and other locations where needed. Centers will be assisted by Community Organizations and small banks. Small banks will also serve and assist on Community Loan Committees.

In addition to low interest loans, assistance from business centers, our members will also benefit from UAAD/UEDC’s low interest AFFINITY CREDIT CARD being negotiated with JPMorganChase Bank.

Although UAAD/UEDC has in excess of 20 years involvement in CRA, we are aware that the success of accomplishing our goals we will need a commitment from our nation’s banks, FDIC, Office of the Comptroller of the Currency (OCC) and as many community organizations that will join with us in order to assist the KATRINA victims and others. Our nation’s banks have in excess of $4.2 trillion dollars in CRA commitments. If the CRA ACT has any significance or purpose, now is the time for it to be implemented. See: http://www.uedcinc.com/

We propose a 5 year commitment of 10 percent of assets to be administered by UAAD and other established community organizations. We will be negotiating for UAAD and the coalition will require a reasonable percentage in advance to administer these programs.
See: http://www.uaadcrahbuc.blogspot.com/
We anticipate your in-put and participation.

UEDC will ask small banks to contribute administration assistance in lieu of cash contributions. Such contributions will be in the form of business consultation, serving on community loan committees, teaching CRA and banking in HBUC’s etc. Larger banks will be asked to contribute at least 10 percent of their assets toward these proposed projects for the next 5 years. We believe the FDIC/OCC will consider this proposal to be practical and meet the requirements of the bank(s) obligation to meet prudent banking practices as required under the Community Re-Investment Act of 1977 (CRA).

Based on the conference call April 28, 2006 (see memorandum of call) UAAD ask that you or the appropriate department will meet with UAAD to finalize negotiations.


(Below is a letter to NAACP requesting assistance)


UNITED AFFIRMATIVE ACTION DEVELOPMENT CORPORATION (UAAD)

July 26, 2006
To: Mr. Hillary Shelton
Washington, DC Branch NAACP
202 463-2940

Mr. Shelton,
I received your reply to my request dated June 26 2006, and appreciate your assistance. I have not received any reply from NAACP Louisiana state conference, nor Gulf Coast Advocacy Center.
June 16, 2006 a request was forwarded to the office of Mark A. Willis, Executive Vice President Community Development Group JPMorganChase Bank. July 17, 2006 we received a reply from Mr. Willis that stated the following dated July 7, 2006:
~....
..., JPMorganChase

Mark A. Willis
Executive Vice President Community Development Group

July 7,2006

Mr. Walter Ellis
315 Neal Street
Ruston, Louisiana 71270

Re: Affinitv Card Request

Dear Mr. Ellis:

This letter is in response to the proposal of United Affirmative Action Development Corp. ("UAAD"), forwarded to Chase on June 16,2006 by Walter Searcy III, JD, for an affinity card relationship with Chase.

In Chase's April 8, 2006 telephone conference call with you, we said that in order for Chase to enter into an affinity card partnership, we would require a comprehensive business and marketing plan; including: (1) the rights to use and assign use of the logos and brand indicia anticipated for use in marketing campaigns; (2) rights to utilize a qualified list of members of a fair size (approximately 500,000)("Qualified" members could be described as those who contributed to UAAD in the last 24 months or bought from the potential partner in the last year); and (3) the ability to market to UAAD's membership utilizing channels other than bank sponsored direct mail. .

UAAD's proposal is hypothetical and does not meet any of the above requirements. Therefore, we are unable to enter into an affinity card relationship with UAAD. Furthermore, given the lack of any indication that UAAD is capable of meeting the above requirements, we do not believe
that further discussion would be fruitful.

/
Sincerely yours ~ ~
cc: Walter T. Searcy, III, JD
W ALAR Group
P.O. Box 40187

Nashville,TN 37204-0187


This same date UAAD received a reply from Chase Card Services stating the following:

CHASE 0
Executive Office
2500 Westfield Drive IL 1-6215

Elgin, Illinois 60123

July 12, 2006
Walter L. Ellis

315 Neal Street
Ruston, LA 71270

Re: Affinity Credit Card

Dear Mr. Ellis:
I am writing in response to your concerns addressed to Jamie Dimon, Chief Executive Officer at JPMorgan Chase & Co. I appreciate this opportunity to respond to you on behalf of the Card Services Executive Office.
We appreciate your interest in a specific affinity credit card agreement. Please be assured that a copy of your letter has been forwarded to our Business Development Department, so that they may be aware of your comments, concerns, and interests. Their offices will be contacting you directly within the next five to seven business days.
If you have any additional questions or concerns, please feel free to contact me. My hours are Monday through Friday, from 9:30 a.m. to 6:00 p.m. Central Time.
Sincerely,
~~
Naomi Butinski
Card Services Executive Office
1-888-622-7547, Extension 6835 or 4350 1-847-488-683 7 (direct line)

cc: Nancy Stoneman
Vice President

Mark Reuling

Senior Vice President

Based on information received from Ms. Naomi Butinski dated July 12, 2006 in a telephone conversation July 20, 2006 she stated I would be contacted by Chase Business Development Department (BDD). Ms. Butinski also stated that I should re-contact her by phone if I did not hear from BDD in the next few days. After not hearing from BDD, I again contacted Ms. Butinski this date July 26, 2006. She stated this date that she would re-contact the BDD again this date and would inform me of their reply.

In order to move these important negotiations forward, we ask any and all assistance the NAACP can provide. We would like to meet ASAP with the appropriate NAACP official in order that we may assist the Katrina Victims, with the necessary help that we believe these negotiations will provide.
See: http://www.chaseuedcaffinity.blogspot.com/
Respectfully,
Walter L. Ellis, CEO UAAD
uedcinc@aol.com 866 276-2294



UAAD received a letter from Chase Bank Card Services dated July 12, 2006. We are asking JPMorganChase to clarify this and other recent correspondence.

Wednesday, April 19, 2006

SOME BANKS UTILIZE “AFFINITY CREDIT CARDS” TO COUNTER PREDATORY LENDING

1. Harming the Earth: Several mega-banks have been targeted by activists concerning environmentally destructive projects they’re funding.
Better mega-banks: After a prolonged campaign spearheaded by Rainforest Action Network (RAN), JP Morgan Chase (owns Chase and Bank One), Bank of America, and Citibank adopted a new lending policy last spring that addresses global warming and deforestation, and recognizes the rights of indigenous nations.

Worst performers: Currently, RAN is poised to launch another campaign targeting other mega-banks that haven’t adopted the policy, including Wachovia, Wells Fargo, Merrill Lynch, Morgan Stanley (owns Discover), and Credit Suisse First Boston. RAN is also separately targeting Wells Fargo for financing illegal logging in Indonesia and Credit Suisse First Boston for funding an environmentally destructive Shell oil pipeline project on Russia’s Sakhalin Island. The pipelines are likely decimate the island’s fishing industry, which is the sole means of income for many locals. They could also damage habitat of the endangered western grey whale. Visit http://www.ran.org/ for more information.

3. Predatory lending: Predatory lending is a fast-growing practice in which financial institutions use high fees, exorbitant costs, and other unscrupulous lending practices to take advantage of targeted groups—often the elderly, students, and low-income people. In the case of credit cards, banks may market cards to these groups that “contain hidden transfer charges, exorbitant late fees, and exploding interest rates,” according to the Center for Responsible Lending (CRL).

It’s not just target groups that suffer from such practices. A Woodstock Institute report states that “the intricate web of penalties and fees implemented by the credit card industry may be one of the key factors for the high level of indebtedness among Americans. In January 2005, the average US household had seven credit cards and carried a balance of $14,000, the highest level of debt ever.”

Better mega-banks: To avoid predatory credit card practices, the Woodstock report indicates that you may be better off choosing cards from credit unions, rather than any of the mega-banks. “Credit cards issued by credit unions have similar purchase interest rates but come with fewer fees, lower fees, lower default rates, and conditions that are much clearer” to the consumer, it says.

Consumer Reports magazine looked into the fees and penalties imposed by mega-bank credit cards in its November 2005 issue. Its list of top ten most consumer-friendly credit cards includes: Town North, First Tennessee National Bank, Pulaski, Simmons First National, Target National, BB&T, Franklin Templeton Bank & Trust, RBC Centura, Commerce, and Zions.

Worst performers: Most mega-banks engage in predatory credit card practices, according to Consumer Reports. While CRL says that most have cleaned up their acts in terms of predatory mortgages and loans, the Association of Community Organizations for Reform Now (ACORN) is still targeting Wells Fargo. Though ACORN says the bank has corrected many of its predatory practices, it says Wells Fargo still has not made reparation to victims of its predatory loans. ACORN also claims that the bank charges African Americans and Latinos higher loan rates than Caucasians.

Affinity Cards

Affinity cards are cards issued by a major bank that also bear the logo of a select charity or nonprofit. Each time you use an affinity card, the issuing bank donates a set amount to the charity/nonprofit.

The average contribution to the nonprofit from such cards is half a penny for every dollar you charge or transfer, according to Bankrate.com. Affinity card profits can add up for a charity or nonprofit when many people use the cards.

However, since affinity cards are usually connected with a mega-bank, your money also indirectly supports any problematic practices of that bank. Interest rates are often higher than with standard cards; annual percentage rates (APRs) on affinity cards range from 15-22 percent. Many charge annual fees, while most standard cards do not.

Working Assets Visa Card

Perhaps the greenest affinity card available is the Working Assets Visa card, which donates ten cents with every purchase to your choice of one of 50 nonprofits. It offers a 9.9 percent APR, with no annual fee. Working Assets also aims to serve as a progressive political force, dedicated to giving its customers the opportunity to speak out on critical public issues through its action Web site, http://www.actforchange.org/, and long-distance telephone program. Recent actions included a call to Apple Computer to take back its used products (it recently agreed to take back old iPods). Each month, Working Assets customers generate over 80,000 calls and letters to politicians on social and environmental issues, says the company.

One caveat: Working Assets Visa is issued by MBNA, which has made large contributions to the Republican party and has been accused by consumers of predatory practices. The card used to be issued by Fleet One, but MBNA purchased the Working Assets program from Fleet.

Michael Kieschnick, Working Assets president, believes that the good his company does offsets any negatives from its association with MBNA: “Even though we did not select MBNA and have explicitly opposed their primary legislative agenda, we do believe that our program contributes significantly to progressive social change. Our credit card itself, since inception, has generated about $6 million in donations to progressive causes,” he says.

Tuesday, April 18, 2006

CHASE/UEDC AFFINITY CREDIT CARD PROPOSAL

EXECUTIVE SUMMARY
(submitted to Bank One 1996)

United Affirmative Action Development Corp (UAAD) is a 501c 3 non profit with its affiliation with United Equity Development Corporation (UEDC), is proposing a collaborative financial program with Participating Banks to encourage greater participation in African American and other minority communities, as part of an economic, community and human development initiative. UEDC’s primary goal is to provide financial institutions with solutions to existing problems commonly experienced by African Americans and other minorities, as it relates to standard banking and lending practices. UEDC will serve as a conduit using experienced marketing and public relations methods to encourage individuals, communities and businesses to take advantage of opportunities by utilizing financial institutions that are participants in this joint venture. Through this process, UEDC will penetrate untapped markets and provide them with the technical assistance required to qualify for personal, consumer, or commercial loans, as well as encourage them to use other services of the Participating Bank. In an effort to assure large numbers of participants in this process, UAAD/ UEDC’s professional staff has established objectives which are consistent with achieving its stated goal:

1. To target and secure cooperation with businesses, community projects, public housing developments and other geographically defined low-income neighborhoods that would benefit minorities, communities, businesses and the Participating Bank.

2. To provide expertise beneficial to minorities and encourage them to utilize available community supportive resources.

3. To provide assistance to minorities in credit repair, loan application preparation and prescribed methods of loan repayments.

4. To negotiate benefits and discounts for minorities with the Participating Banks.

5. To develop statistical data and conduct surveys regarding community needs.

and

6. To coordinate available resources, i.e., local, state, federal and financial institutions for the purpose of establishing relationships which result in developing long term economic development strategies for minority communities.

UAAD,s proposed concept focuses on four major areas. They are partnerships, economic development, research and community participation.

Partnerships pertain to methods of increasing linkages with large and small financial institutions, government institutions, professional consultants and other non-profit organizations that have a common interest in community investments. UAAD recognizes that such partnerships are mutually beneficial to all parties. The Participating Bank will gain access to untapped markets and UAAD will receive the fiscal support necessary to achieve its stated goal and objectives. The community receives benefits of direct linkages and easier access to available financial resources.

Economic Development issues consist of creating opportunities with private and public agencies, large and small businesses that are eligible to bid for public and private contracts with the support of the Participating Bank. In this process, UAAD will develop a five year educational and informational campaign to encourage and nurture the development of entrepreneurship within the minority communities. UAAD will expose these communities to the fundamental link between small business creation and community development. This will be done in coordination with organizations and institutions already established in this field, i.e., Small Business Administration, Southern University of New Orleans, etc.

Overall, UAAD has determined that more self-reliant and interdependent African American communities require solid research methodology and execution. For this reason, Research has been considered an integral part of this project. UAAD recognizes the necessity and importance of planning on the basis of quality information. Using the data and information collected, as the primary resource, UAAD will:

1. Interpret, analyze and make recommendations regarding trends and new program direction.

2. Research programs that will provide a vehicle whereby African American and other minority communities will participate in shaping their own financial future.

and

3. Include ways for African Americans and other minorities to invest in banking institutions within the communities that provide opportunities which result in financial growth and stimulation.

Through the Community Partnership process, UAAD will utilize available community resources, i.e., existing enterprises, small business administrations, community based organizations, churches, masjids, colleges, universities, and other agencies to create a vehicle through which extended partnerships are established. UAAD will provide training opportunities for individuals making a transition from school to work and encourage the expansion of employment opportunities for community members. While UAAD is concerned about expanding the enterprise sector of African Americans and minorities, it is equally concerned about assisting businesses owned by the stated groups to become more efficient, competitive and profitable.

Note: This project concept was submitted to Bank One 1996

The success of this project will be obtained through UAAD’s affiliation with UEDC and other for profit institutions. UAAD’s collaboration with Chase Bank will assist our associates in reaching economic parity in the communities that this bank serves.


In 1996 This is what Premier Bank and later Bank One said they would do at GSU and the City of Grambling, LA


First USA Partnership

Letter from First USA Partners 8/99
I would like to thank you for providing First USA Bank with the opportunity to bid on the affinity credit card business for UEDC. We are currently looking at groups with a membership or 20,000. Unfortunately your current membership of 2,500 does not meet the bank's present size requirements; therefore I must respectfully decline at this time. I wish you success with your organization and will be happy to reevaluate the opportunity as your membership grows.

Suzanne M. Devoe, Vice President Research

See: http://newhire.jpmorganchase.com/ba-lob/card-services/business-basics.html
http://www.coopamerica.org/pubs/realmoney/articles/creditcards.cfm
http://www.allbusiness.com/periodicals/article/696707-1.html
http://query.nytimes.com/gst/fullpage.html?sec=travel&res=6F0CE2DD133BF936A15754


A Letter from Julia F. Johnson

Letter from Bank One Columbus, OH dated 2/96
Mr. Ellis,
As a follow up to our telephone conversation, I have exchanged calls with representatives of Premier Bank and they are aware that you and I have spoken. I have discussed your request for assistance with Aline Creed of Premier in Baton Rouge. She advises me that she and Nathan Thornton have been in contact with the bank's Public Funds Department and that they intend to visit with you at some date in the near future regarding facility needs in Grambling. I shared with Ms Creed our willingness to assist, and that our community development resources were available to her. I would encourage you to continue your dialogue with Ms. Creed and Mr. Thornton. They have assured me that they are making every effort to understand the scope of issues in Grambling and that they intend to fully respond to those issues. Please do not hesitate to contact Ms Creed if you have any continuing concerns. We look forward to be being of assistance and having the opportunity to address the lending needs of the Grambling market.

Julia F. Johnson, Senior Vice President


A Letter from L. Biff Motley


PREMIER BANK L. Biff Motley
Senior Executive Vice Pres

Post Office Box 1511
Baton Rouge, La 70821

April 17, 1996 504 332 7021


Mr. Walter Ellis
United Affirmative Action Development Corp
P.O. Box 1076
Grambling, LA 71245

Dear Mr. Ellis,

Thank you for bringing your proposal to Premier Bank. We are always interested in better understanding the financial services needed by the people and the businesses in our community.
Regrettably, Premier cannot provide you with the $300,000 you requested which would be used by your organization as a research grant to find six month’s of operating expenses for a needs assessment study.
However, we have begun to explore the possibilities of a business relationship structured on loan referrals made by the United Affirmative Action Development Corporation. At present we are considering what the appropriate fee arrangement might be based on the dollar amount of the loan closed by the bank as a result of a referral. From our initial investigation a sliding scale appears to be the logical method to employ. Under this method the fee would be a percentage that decreases with the size of the loan with a per transaction cap. As I understand it, your clients would not contribute to the cost of the service your organization would be providing and we would not expect to pass the expense onto the borrower. Soto determine a price that is economically justified for the Bank, our business loan administration area will need to further evaluate a fee structure using product profitability models.
Please be advised that any business accepted on referral from United Affirmative Action Development Corporation will need to include acknowledgment from the applicant regarding any business arrangements between your organization and the Bank and waiver allowing the Bank to share the applicant’s financial information with third parties.
Thank you again for choosing Premier Bank soon to be known as Bank One, Louisiana, National, Association. I look forward to hearing more about the activities of you organization from Nathan Thornton and helping to serve the banking needs of your members and clients.

Sincerely,

L. Biff Motley, EVP c: Julia Johnson
NathanThornton
Aline Creed

Requests for Agreements

DATE: May 22, 1996
TO: Jim Austin
FROM: Aline Creed
RE: Request for Agreements
Jim, I need your help in preparing two agreements. One agreement would be between the bank and an organization that will be referring commercial loan customers to us. We have decided to pay the organization 1% of the principal loan amount up to $5,000 per transaction for business applicants brought to us by the organization and for whom a loan request is granted and closed. I want to be sure the agreement is clear on the following points:I. We will not pay if the applicant is an existing customer or comes to us directly without introduction by the organization.II. We will only pay for closed loans, not for applications or approvals not booked. I am concerned about a loan that might pay off immediately, so we may want to say the payment is for the first loan granted, but does not include subsequent extensions or renewals.III. We also want to be sure the applicant knows the organization’s role in that they are to help prepare the loan proposal and assist the borrower with the process – services for which they will be paid.The desire for this kind of disclosure to the ultimate borrower and the need to protect the bank regarding financial privacy issues leads to the need for a second agreement. This second agreement would be between the borrower and the organization acknowledging the fee and permitting the sharing of the borrower’s financial information between the bank and the organization. If the organization is to operate as planned, they would be obtaining financials, working up proposals and negotiating with the bank on behalf of the applicant. I want to be sure we are covered for both commercial situations and those that may wind up more consumer oriented, so we can pull a credit bureau, discuss the request, begin valuation of collateral, etc with the organization as well as the applicant. We also want to make sure the applicant knows the organization is not doing him a favor that it is in fact being paid.We have two or three requests for credit under this arrangement currently in process, so it is important that we get the first agreement worked up relatively soon, preferably in the next two weeks. Please let me know if this is not possible, so I can make arrangement with outside counsel. If you’ve got any questions please call me, Chuck Beard or Nathan Thornton. Thanks for your help.(UAAD received this fax on 5/25/96 @ 10:57 a.m. from 504-332-7295 Gen Bank Group/Premier Bank Marketing – Compliance)

On April 4, 2006, Chase Bank officials and Mr. David Lewis of the OCC, met with UAAD in Ruston, LA. Mr. Ruben Ramos stated he would put UAAD in touch with JPMorganChase Bank’s Affinity Credit Card Division within 24 hours, to discuss an Affinity Credit Card Agreement.

Presentation to JPMorganChase Bank of Louisiana
Community Partnership Division


OVERVIEW
The goals of our thrust with JPMorgan Chase Bank of Louisiana are as follows:
1. To establish and maintain an effective ongoing working relationship between Chase Bank and United Affirmative Action Development (UAAD) Corp.
2. To better acquaint the officers of JPMorgan Chase and other representatives of the banking and financial services community of the mission and goals of the UAAD Corporation as they pertain to the Community Re-investment Act of 1977.
3. To develop long-term partnership strategies designed to help bring economic parity and to eliminate inequitable lending practices for Louisiana citizens who have historically been disenfranchised by inequitable lending and financial accessibility practices.

ORGANIZATION HISTORY AND MISSION
The United Affirmative Action Development (UAAD) Corporation is a 501© 3 non-profit organization that was found in California in 1992 and began operation in Louisiana in 1996. UAAD is national in scope with emphasis on state and local initiatives developing and empowering low and income residents to initiate and to tailor the CRA investment and other financial and community resources to their specific community needs. This endeavor will assist African-Americans in achieving economic parity, while simultaneously establishing and maintaining effective working relationships with their respective participating local banks and other financial institutions.
The mission of UAAD is to serve as both a leader and a conduit in converging financial services with community and educational resources, such as Historical Black Colleges and Universities (HBCUs). Our corporation is positioned to serve as the premier broker of financial services, with emphasis on the Community Re-investment Act (CRA) of 1977, between financial institutions and the target population.
TARGET POPULATION
This initial effort is designed to serve Louisiana residents who are African-Americans or members of other minority groups. Significantly, scholarship opportunities will be made available to African-American students enrolled or plan to enroll in HBCU institutions. Grambling State University will serve as our pilot project for this initiative. Particular emphasis will be given to help residents negatively impacted by Hurricane Katrina in their continuing restabilizing efforts.
PROJECT DESCRIPTION
As aforementioned, UAAD plans to increase economic parity for low and moderate-income citizens of Louisiana with a concentration on the African-American population.
Under the auspices of CRA, our corporation proposes to accomplish this broad and complex objective through varied and mixed approaches to include, but not limited to, the following strategies:
1. To establish and maintain long-term effective collaborative relationships with and between a broad range of entities such as banks and other lending institutions, Historically Black Colleges and Universities (HBCU), Civil Rights organizations, churches and faith-based institutions, and self-help and grassroots organizations. Both traditional and non-traditional students would be encouraged to pursue careers in banking and financial services, computer and technology, and International fields.
2. To establish Business Development Centers (BDC) centers throughout the State of Louisiana, providing both accessibility and the necessary financial literacy training to enable members of the target population to acquire the necessary education and tools to become and remain financial solvent, and thereby self-sufficient in society. These centers will be holistic as they will help to establish family-owned businesses, to include dislocated citizens, as well as other entrepreneurial programs.
3. To insure that any African-American high school or adult student, who is a resident of Louisiana, desiring a post secondary education is given that opportunity through a scholarship program made available through the Community Re-investment Act (CRA).
4. As a long-term preventive and intervention strategy, to work with the education systems, at both the state and district levels, to incorporate financial literacy programs into the education curriculum, enable our young people to enter adulthood and life with a sound knowledge of how our economic and financial systems are structured, and of equal importance, how it impacts them individually and collectively
PARTNERSHIPS AND COOPERATING AGENCIES
Louisiana Association of Non-profit Organizations (LANO)
Recycling Black Dollars - national in scope, based in Los Angeles, California
Historically Black Colleges and Universities (HBCUs)
Louisiana banking institutions to include, but not limited to, JPMorgan Chase,
One United Bank and Liberty Bank
NAACP Branches – State of Louisiana
Southern Christian Leadership Conference (SCLC)

MEMBERSHIP BENEFITS

An undetermined majority of profits from United Equity Development Corporation (UEDC), the for profit, will be contributed to United Affirmative Action Development Corp (UAAD, the non-profit, to make it self sufficient. This determination will be made by the CEO and the Board of Directors.
It is anticipated that UAAD a 501c3 non-profit will be successful with little or no anticipated contributions from Chase or any other contributor. UAAD and UEDC will ask and demand that JPMorganChase Bank provide contributions and commitments to CRA in the amount of at least $800 billion for the next 10 years, reparation and to education components of their commitments such as “Smart Start of Louisiana”.
See: www.chasebankreparation.blogspot.com
This proposal is based on a ten year feasibility study, using various banks and financial institutions’ statistical analysis to determine the workability and implementation. See: http://www.uaadcorp.com

I. Potential Members: Plus 20,000,000
II. Benefits for UEDC/UAAD Members:
a. Affinity Credit Cards (low interest rates)
b. Reduced Cellular Phone Rates
c. Discount Auto Rates
d. Other Member Benefits

III. Truckers:
a. All of the above
b. Pre-Paid Legal
c. Other added benefits
d. Discount Truck Rates

UEDC AFFINITY VISA CREDIT CARD

Potential Members – First Year
50,000 – Students, HBUC’s, and Family - 100,000
100,000 – UEDC’s Truckers Assoc.- 1,000,000
3,000 – GSU
20,000 – Lincoln Parish
50,000 - Fayetteville, NC
100,000 – RBD
323,000
200,000
1,623,000 – sub-total

Average Membership Fee - $10.00
Truckers’ Membership Fee - $60 per month

Memberships Fees:
Low Income $1.00 (may be waived)
Military $1.00
Moderate Income $10.00
Middle Income $100.00
Upper Income & Organizations $500.00
Truckers $50.00 per month (to include prepaid legal, affinity card and other benefits)

Upon development UEDC propose that all members will own at least one share of stock in Chase Bank and at least one share in UEDC.
Middle income will own one share of Chase Bank and one share per $10.00 contributed to UEDC when going public.

UEDC anticipates and promotes that members and associates contribute in order that their family members, friends and loved ones own individual shares in order that UEDC will be able to vote their shares in proxy. This will allow UEDC to influence the participating bank in recognizing UEDC’s influence.

Other Benefits:
Reduced rate Visa
Reduced rate Legal Fees
Reduced rate Phone Service – Verizon
Discount Vehicle Purchases - DiamlerChrysler

Monday, April 17, 2006

UNITED EQUITY DEVELOPMENT CORPORATION (UEDC) REDEVELOPMENT PLAN; GRAMBLING STATE UNIVERSITY (GSU)
& the City of Grambling, Louisiana

DRAFT PROPOSAL
March 8, 2006

UEDC will develop numerous businesses at GSU. “S” corporations will be established to operate the various business(s). These “S” corporations will allow some students to manage or own their corporation or Limited Liability Partnership (LLP) upon graduation, or when feasible.
Walter Ellis will contribute his expertise of 40 years in the auto and truck industry in establishing some of these businesses. A recent trucking business that has been inactive for several months can immediately be revamped. This business consists of transporting motorcycles and automobiles for hire. The major expense in re-organizing would be computer, telephone and minor office equipment. Students would be taught dispatch procedures, office management skills etc.. Limited salaries will paid to office and management personal. All will participate in the profit of the operation. A system will be devised to allow some chosen to become LLP.
UEDC will establish a Verizon store.
Discount phone rates for UAAD members
UEDC will negotiate an agreement with a rental car company.
UEDC will negotiate a dealership with Freightliner
UEDC will negotiate a dealership with Daimler Chrysler.
UEDC will establish a Truck Drivers Institute.

Re-Development of Grambling, LA;
Hotels, motels
Shopping center
African American owned bank (JPMorganChase Bank “Smart Start” funded.
UEDC intend to work with city officials and GSU in forming a long range redevelopment plan that will address the heir problems that exist in Grambling in particular. Such solutions will contribute to how to protect property rights in New Orleans and elsewhere in Louisiana. Those whose property will be included in this re-development will be offered a fair market price for their property, and an offer to become a LLP in the development. For instance there is a building on R.W. Jones that may be for sale. UEDC would offer the seller a 51% LLP and monthly payments on an agreed price. All other property purchase offers would follow these guidelines.

With past and present negotiations UAAD have entered with JPMorganChase Bank we intend to persuade this bank to utilize its’ CRA, Community Partnership, “Smart Start”, or “Reparation” funding to further these and other projects.

UEDC Re-Train/Re-Tain Truck Driving Institute

UEDC has developed the “Re-Train/Re-Tain” Program for individual drivers and groups who have demonstrated a need for more safety and skill training. The curriculum is based on the PDTI approved curriculum, which has been adopted by UEDC as the Basic Truck Driving Training Program.

The Program will include:
· Six days of intensive, full-time training
· Eight hours of Simulator Training with various loads, weather conditions, highway types
· Four hours of behind the wheel, on the road practice
· 24 hours of class room instruction
· Eight hours of discussion
· Four hours of evaluation and personal assistance
· Testing and review on a daily basis
· Interview and review problem areas with the student
· Setting goals and monitoring progress
· One-hour road test and issuance of a certificate upon successful completion of the course

The carrier/shipper/employer will be provided with a video of the student’s performance.
The Program will evaluate and correct issues in basic truck driving: Shifting techniques, backing-up procedures, safe lane changes, braking, vehicle safety checks, and the proper securing of trailers and loads. Over and above the safety aspects will be a training component on improving fuel economy and reducing maintenance costs. This is vital to profitability on older trucks where the driver becomes the “computer” for fuel management and there is significant wear-and-tear on most components. This aspect of training also has value for operators of new tractors to help reduce downtime and charges for non-warranty repairs due to mishandling of the equipment.

Even experienced drivers with excellent driving records can benefit since it is easy to discover unsafe habits through the computer simulator. The newer driver will encounter many new situations including accident conditions and suggest collision avoidance solutions that will help reduce accidents.

UEDC PROPOSAL TO TRUCKING COMPANIES


The institute will provide customized training or retraining for drivers who have been involved in accidents, excessive violations, or who need additional training. Retraining will include classroom when needed. Simulators will provide the student and customer test and visual results of the student’s progress.

This training or retraining will be billed @ $200.00 (two hundred dollars) per hour per student on site or at UEDC facilities. When there is a need for advance simulator involvement, UEDC will provide such at GE Capitol/I-Sim facilities.

Students who choose to do so may become members of UEDC Truck Association (cost $200.00 a year). This membership provides its members the ability to refresh on the simulator upon receiving a moving violation citation or twice a year on appointment. The association also offers other benefits to the drivers.

PROPOSED INCOME
6 students
6 x $2500 = $15,000

Simulator Monthly Lease $425.00
Lodging (6 rooms for $40 a night for 6 nights) 1540.00
Daily lunch (delivered) and Graduation Dinner 480.00
Mini-Van Rental (inc. Liability Insurance and Medical Payments)
to transport students 250.00
Instructor Salary (weekly) 1000.00
Assistant Salary (weekly) 300.00
SCM for OTR Training 500.00
Utilities (telephone, electric) monthly 100.00
Graduation Certificates and awards 50.00
Misc. Admin. And office expenses 100.00
UEDC Member Dues (Annual pre-pay) 180.00

United Equity Development Corporation
MEMBERSHIP APPLICATION


First: _______________________ MI: ___ Last: ____________________ Suffix (Sr., Jr., etc)____

Mailing Address: _________________________________________________________

City: ______________________ State: _____ Zip: ___________

Home: (____) ____ - _____ Cellular Phone: (____) ____ - _____ Pager : (____) ____ - _____

FAX : (____) ____ - ______ E-mail: _____________@__________ CDL# ____________State :___

Classification: ___ Independent Owner-Operator ___ W-2 Employee Driver ___ Student
___ Small Trucking Company Owner (#___ of Trucks) ___ Other
************************************************************************************
Please take a moment to complete this short survey. It will help us to better serve the needs of the membership and to build political clout. Your personal information is considered private and confidential and will be aggregated with all members to describe the strength of our groups and its concerns.
Type of Driving: ___ Local ___ Container ___ Short Haul ___ Long Haul

Typical trailer: ___ Box ___ Flatbed ___ Refrigerator ___ Center Drop/Dump
___ Livestock___ Auto Carrier ___ Other (please describe____________)

Are you Haz Mat Licensed? ___ Yes ___ No
Are you registered to vote? ___ Yes ___ No If No, are you Eligible to vote? ___ Yes ___ No
If are you registered to vote is it via Absentee (Mail-in) Ballot? ___ Yes ___ No