We’re thrilled to announce the 5th cohort of Bank On Fellows, selected to lead banking access expansion efforts in 5 municipalities across the country. Congratulations to the new Fellows, and thank you to the Wells Fargo Foundation for their generous support of this work! Read more: bit.ly/48gnKci
Did you know: #FinancialEmpowermentCenters have helped residents build $77+ million in savings & reduce $370+ million in debt through free, 1-on-1, professional financial counseling! There are now 38 active FECs around the country, with more launching all the time. Learn more at www.fecpublic.org
No problem! You can email info@cfefund.org.
Did you know: The most recent #BankOn National Data Hub report shows there are over 14 million Bank On certified accounts currently in use, with accounts open in 91% of U.S. zip codes! Visit joinbankon.org/bondhubdata/ to use our interactive tool to explore the data further.
Across the country #FinancialEmpowermentCenters have served over 201,000 clients. Check out this quote from FEC client Lucia, who paid off all her debts, raised her credit score, & opened a savings account with the support of her FEC counselor. Learn more about the #FECMovement at www.fecpublic.org
SKYLINE REWIND: Check out this May 2023 issue of #TheSkyline, spotlighting innovative ways that programs are using direct cash assistance as an opportunity to provide system-involved young people with banking access: bit.ly/44ZNwjp
Congratulations to #RioGrandeCreditUnion on certifying a THIRD Bank On account!
Their CU Succeed youth account is for kids aged 13-17, to help kids learn how to spend and save responsibly. Learn more about the account here: heyor.ca/bpvjjM
@cfefund.bsky.social
@stlouisfed.bsky.social BOND Hub report shows 14 million+ Bank On accounts open! Increases in monthly deposits, debit transactions, & peer-to-peer payments demonstrate how the #BankOn movement benefits customers & financial institutions through billions of dollars in banking activity bit.ly/4isjcDD
Thank you to Citi Foundation’s 2025 Community Finance Initiative for supporting the #FinancialEmpowermentCenter movement! This funding will bolster our work with municipal partners across the county to offer financial counseling as a free public service. Learn more here: bit.ly/4hYzrI2
DID YOU KNOW: Financial Empowerment Centers have served more than 201,000 clients nationwide! These clients receive free, professional, one-on-one financial counseling to help support their banking, credit, debt, savings, & legacy planning goals. Learn more about the #FECMovement at fecpublic.org
DEADLINE: Applications for Financial Empowerment Cities are due tomorrow, 11/14! Apply now for this opportunity to strengthen your municipality's financial empowerment work through the creation of a dedicated Office of Financial Empowerment: bit.ly/4ktVdTU
The application deadline for our Emergency Financial Empowerment intiiative is this Monday, 11/10! Apply now for this unique opportunity to incorporate financial stability into your municipality's emergency response plans: bit.ly/4ktVdTU
Join the CFE Fund’s Cherilyn Richardson at the CRA & Fair Lending Colloquium, Nov 16-19! Cherilyn will join a panel to discuss how banks and their community partners are integrating Bank On certified accounts into CRA strategies. Register now: www.cracolloquium.com/
We're celebrating the rollout of legacy planning services at Financial Empowerment Centers across the country through the #MyLegacyIs social campaign! Check out this quote from another CFE staff member about what legacy planning means to him. Share your story with the hashtag #MyLegacyIs & tag us!
In celebration of the rollout of legacy planning services at Financial Empowerment Centers across the country, we invite partners to share what legacy planning means to them. Today, CFEer David Rothstein shares what legacy planning means to his family. Share your story with hashtag #MyLegacyIs!
Low- to moderate-income people in 30 cities and counties can get free help with legacy planning services, thanks to this program by @cfefund.bsky.social. UMass Boston gerontologists and Boston College economists partnered on this project, which empowers more people to protect their assets.
Today, @cfefund.bsky.social announced the launch of free legacy planning services as a core component of their nationwide Financial Empowerment Centers initiative. This one-on-one financial counseling program offers residents access to help with legacy planning at no cost.
In celebration of the rollout of legacy planning services at Financial Empowerment Centers across the country, we’re inviting partners to share what legacy planning means to them. To kick it off, hear from a few CFE staff members, and share your own story with the hashtag #MyLegacyIs!
We're excited to announce that #FinancialEmpowermentCenters now offer legacy planning services. Counselors can help clients get finances in order, review insurance & titles, update who gets their accounts, and connect to resources for important docs like a will. Learn more: bit.ly/4hyNpAb
WEBINAR: Join us next week on 10/30 at 12PM ET for our webinar, Protecting Local Consumers from Scams. Register now to learn more about how municipalities can leverage the unique powers of local government to protect residents from financial scams: bit.ly/4gQRoaT
Congrats to #BankOn partner Rio Grande Credit union on the success of their Bank On certified accounts! Since 2022, members have opened more than 2,800 FreshStart accounts, generating $1.62 million in loan balances and $190,000 in mortgages. Thanks to Bank On Burque for supporting this work!
Join us today at 3PM ET for an informational webinar on #FinancialEmpowermentCities, a grant opportunity to launch an Office of Financial Empowerment in your municipality. Register now to learn more before you submit your application: bit.ly/fecitiesoct14
Big thanks to the @cfefund.bsky.social for supporting our #BankOnNewMexico work! Their Bank On fellowship made it possible to launch our coalition and bring on Delma M. as our Bank On Fellow. We’re grateful for their partnership in expanding access to safe, affordable banking in NM
NEW: Read our latest issue of the #Skyline to learn about local consumer protection efforts in #CuyahogaCounty and #Cityof Denver: bit.ly/474d8Nh
To learn more about these topics, join us for upcoming webinars on these topics on October 30 (bit.ly/4gQRoaT) and December 3 (bit.ly/3KxdN0U)
DEADLINE TOMORROW: applications are due tomorrow 10/3 for TWO #BankOn opportunities! Use our online portal to submit your application for Bank On Academy or the Bank On Integration Accelerator Grant: bit.ly/4ktVdTU
Don’t miss tomorrow’s informational webinar (9/30 at 2:30 PM ET) on #FinancialEmpowermentCities, a grant opportunity to launch an Office of Financial Empowerment in your municipality. Register now to learn more before you submit your application: bit.ly/fecitiessept30
NEW: Apply to our #FinancialEmpowermentCities initiative! Selected local governments will receive $170k in grant funding and significant technical assistance to launch a dedicated Office of Financial Empowerment. To learn more, join our informational webinar on September 30: bit.ly/fecitiessept30
Last week, Bank On New Mexico had the opportunity to present to the Department of Workforce Solutions on how to incorporate Bank On certified accounts into their programs and services in the future. These safe, affordable accounts help individuals build financial stability and access opportunity.
NEW: Applications are now open for two opportunities for #BankOn coalitions – Bank On Academy and the Bank On Integration Accelerator Grant! Learn more here (bit.ly/41c6OQz) and join us at informational webinars on 9/4 (bit.ly/bankonsept4) or 9/11 (bit.ly/bankonsept11) for more details
Apply to our Emergency Financial Empowerment initiative! Local govts can get funding & technical assistance to design & build an emergency preparedness/ response model that incorporates financial stability. Learn more at a webinar on 9/10 (bit.ly/efesept10) or 10/1 (bit.ly/efeoct1)