Chapter 7 of the Bank On Coalition Playbook is the Bank On Coalition Logic Model, which provides a framework for Bank On coalition leaders to follow and organize their efforts for local success, providing a tool for planning and implementation as well as for fundraising and evaluation. The CFE Fund’s Bank On Coalition Playbook provides tools and resources that local coalitions can use to do their work more effectively.
Project Category: Bank On
Local Coalition Strategies for Navigating Financial Institution Partnerships and Account Certification
Chapter 6 of the Bank On Coalition Playbook, Local Coalition Strategies for Navigating Financial Institution Partnerships and Account Certification provides insight into a range of approaches local Bank On coalitions have used to engage with their financial institution partners.
The CFE Fund’s Bank On Coalition Playbook provides tools and resources that local coalitions can use to do their work more effectively. Additional components of the playbook include chapters on Guiding Principles for the Bank On movement, a template Statement of Principles for articulating partnership expectations between local Bank On Coalitions and financial institutions; information on the Bank On Account verification and certification process; a Bank On listserv; and a Bank On Coalition Logic Model.
Summer Jobs Connect: Where Strong Financial Futures Begin
This report, Summer Jobs Connect: Where Strong Financial Futures Begin details the Summer Jobs Connect (SJC) model and serves as a resource for local governments and their nonprofit partners who are looking to add financial empowerment strategies — banking access and financial education – into their Summer Youth Employment Programs.
Summer Jobs Connect is an ambitious initiative spearheaded by the Citi Foundation and the CFE Fund to support young adults seeking summer employment, enhancing these municipally-led programs by integrating structural linkages to safe and appropriate banking products, services, and education.
This report summarizes lessons learned from four years of SJC implementation with thirteen city partners, along with research on youth attitudes and beliefs about savings and banking.
Summer Jobs Connect: Youth Voices Video
This video highlights youth stories from the CFE Fund’s Summer Jobs Connect (SJC) initiative and #SummerJobsConnect Twitter campaign, in which SJC participants shared their stories about the program’s impact – opening a bank account, building savings, earning pay through direct deposit, and more.
Summer Jobs Connect is an ambitious initiative spearheaded by the Citi Foundation and the CFE Fund to support young adults seeking summer employment, enhancing these municipally-led programs by integrating structural linkages to safe and appropriate banking products, services, and education. During the initiative’s fourth year, the CFE Fund worked with 13 city governments and their local Summer Youth Employment Program partners to provide additional job positions to local residents of predominantly low incomes between the ages of 14 and 24, as well as connect them to appropriate bank and credit union products and meaningful financial education.
First Cohort of Bank On Fellows Launches
This November 2017 press release announces the launch of the Bank On Fellowship program, supported by Wells Fargo.
The release announces the selection of five Bank On fellowships to advance local Bank On coalition operations and generate best practices on expanding access to safe and appropriate financial products and services. Fellowships were awarded to coalitions in Houston, TX (Bank On Houston); Mobile, AL (Bank On South Alabama); New Haven, CT (Bank On New Haven); Summit County, OH (Bank On Rubber City); and Tampa, St. Petersburg, and Sarasota, FL (Bank On Suncoast).
Visit the Bank On website to learn more.
An Evaluation of Financial Empowerment Centers: Banking Status
This brief details banking outcomes in the five FEC replication cities, and is excerpted from the CFE Fund’s full report, An Evaluation of Financial Empowerment Centers: Building People’s Financial Stability As a Public Service. This brief highlights how banking status mattered for FEC clients’ success. It also details unbanked clients and what they achieved during counseling, banking outcomes for all FEC clients, and why products matter for programs seeking to improve banking access.
The CFE Fund held a 15-minute webinar on this topic; watch the webinar here, and view the presentation here.
Read the full evaluation to learn more about the FEC model.
Growing Banking Access Movement Stakeholders Gather in Washington, DC
The CFE Fund’s 2017 National Bank On Conference brought together key stakeholders from multiple sectors across the country.
Keynote addresses were delivered by Federal Deposit Insurance Corporation Chairman Martin J. Gruenberg and Office of the Comptroller of the Currency Senior Deputy Comptroller for Compliance and Community Affairs Grovetta Gardineer.
During the conference, the CFE Fund leaders revealed the growing list of financial institutions across the country offering safe and affordable transaction accounts certified as meeting Bank On National Account Standards; unveiled a national Bank On data portal into which financial institutions with certified accounts could report basic information underscoring the vitality of the accounts; and highlighted resources to help local Bank On coalitions better connect residents to safe, affordable mainstream banking products, including a coalition Playbook, coalition capacity grants, and a new national Fellowship opportunity.
Other discussion topics included innovations in safe and affordable financial products; strategies for banking access connectivity; and reflections on coalition banking access success strategies.
Bank On Listserv
The CFE Fund’s Bank On Listserv is an online community for Bank On coalition members, financial institutions, academics, and other stakeholders interested in banking access efforts. Members can ask questions and share resources with the community. Join now!
Wells Fargo and The CFE Fund Announce New Fellowship Program for Bank On Coalitions
In this April 2017 press release, the CFE Fund announced the Bank On Fellowship Program, generously funded by Wells Fargo. Through the program, the CFE Fund will provide match funding up to $45,000 per year for two years to as many as five Bank On coalitions to support a full-time Fellow to lead coalition’s activities. The CFE Fund will also provide intensive in-kind technical assistance support, training, and resources to the cohort of Fellows and host coalitions, and will assist the coalitions with additional fundraising for sustainability. Local coalitions can apply now through our online grant portal; watch the informational webinar, and read Frequently Asked Questions and their answers about the Fellowship opportunity.
The CFE Fund Launches Updated Bank On National Account Standards (2017-2018), New Account Certification Process, and Local Coalition Playbook
This January 2017 press release announces a suite of new Bank On resources: Bank On National Account Standards, updated for 2017-2018; a free online Bank On account validation and certification process; and the opening chapters of the Bank On Coalition Playbook, a new resource to help equip local coalitions for banking access success.