BankOn New Hampshire
Building Robust Pathways Out of Inter-generational Poverty
With support from the Cities for Financial Empowerment Fund and sponsors JPMorgan Chase and BankProv, NCDE has just launched Bank On New Hampshire, building on CFEF’s proven Bank On initiative to ensure that unbanked low- and moderate-income (LMI) families become banked.
NCDE builds on this financial inclusion strategy to also provide supports for LMI learners of all ages with regard to economic, educational and digital inclusion. In addition, NCDE’s Bank On initiative is reaching out to banks and credit unions seeking to improve access to capital and credit for minority business owners.
Through Bank On accounts, unbanked families can get a free checking account with no overdraft penalties, free financial literacy education, credit repair counseling, and asset building mentoring. NCDE combines these resources, in local systemic inclusion programs, with efforts to strengthen pathways into living wage careers and to remove digital divide barriers to financial and economic inclusion.
For excellent further information about the national BankOn initiative, visit the National Bank On Data Hub.
Banker – Community Based Organizations Roundtable: Bank On New Hampshire Coalition
On February 25, 2021 from 11 am to 12:30 pm Eastern the FDIC is hosting a free webinar to formally launch Bank On New Hampshire, share about the resources already available, and to encourage others to join us in making sure every unbanked New Hampshire family can become fully banked and tap financial literacy mentoring at no cost. To register, please sign up here at your earliest convenience!