Community Developments
Home | Spring 2009

 


Contents

Cultivating Community-based Financial Literacy Initiatives
A Look Inside ...  
'America Saves' Campaign Reaches Many Communities While Keeping Nationwide Focus
'Bank On' Programs Create Civic Partnerships that Reach the Unbanked
Community Financial Access Pilot Expands Financial Services to Low-Income Neighborhoods
Operation HOPE Reaches Out to Advance Financial Literacy and Economic Empowerment
This Just In ...
OCC's District Report
Image map of the four districts

Related Resources
- American Bankers Association Foundation Teaches Young Adults about Credit and Savings
- Cooperative Extension Service's Financial Education Initiatives
- CRA Consideration for Financial Literacy Initiatives
- Customer Identification Requirements for New Accounts
- FDIC's Alliance for Economic Inclusion Provides Gateway into Financial Mainstream
- FDIC's 'Money Smart' Aids Individuals outside Financial Mainstream
- Financial Literacy Day Fair on Capitol Hill: Event Highlights April as Financial Literacy Month
- Jump$tart Coalition: Preparing Youth for Life's Financial Challenges
- National Academy Foundation Offers Opportunities for Banker Involvement
- NeighborWorks America's Financial Fitness Initiative
- The OCC and Other Federal Agencies Offer Financial Literacy Resources for Consumers
- The OCC Offers Financial Literacy Resources for Bankers



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Articles by non-OCC authors represent their own views and not necessarily the views of the OCC.

 

 

 

Cultivating Community-based Financial Literacy Initiatives

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A Look Inside ...

Brothers Julian and Louis, a retiree and an artist/writer, are again bank customers. A Bank on San Francisco advertisement enticed them to visit a local participating bank where they opened personal savings accounts more than two years ago. Read more about the Bank On Cities program at 'Bank On' Programs Create Civic Partnerships that Reach the Unbanked. Source: Bank on San Francisco Today's dynamic and complex financial markets demand that consumers be effective money managers. Especially at risk are unbanked and underserved consumers who may be unfamiliar with the fundamentals of personal financial management.

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'America Saves' Campaign Reaches Many Communities While
Keeping Nationwide Focus

Peninsula Saves, one of the America Saves programs, helps Virginia consumers improve personal and household finances by providing financial information, tools, and access to products and services. Source: America SavesSince the start of the America Saves campaign seven years ago in Cleveland, banks and other financial institutions have played a critical role in developing and supporting the burgeoning savings movement.
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'Bank On' Programs Create Civic Partnerships that Reach
the Unbanked

Bank on San Francisco provides outreach and marketing tools, such as this, for participating banks and other partners. Source: Bank on San Francisco

Financial institutions in cities around the country have a unique opportunity to work with their local governments and local community groups by participating in Bank On programs. These programs provide starter accounts, financial education, and other financial opportunities to consumers who have had little or no connection to banks or credit unions.
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Community Financial Access Pilot Expands Financial Services
to Low-Income Neighborhoods

The Community Financial Access Pilot helps provide outreach and marketing tools such as these for participating banks and other partners. Source: U.S. Department of Treasury

The Community Financial Access Pilot (CFAP) is an initiative of the U.S. Department of the Treasury's Office of Financial Education. Endorsed by the President's Advisory Council on Financial Literacy, the pilot is designed to increase access to financial services and financial education for low- and moderate-income individuals.
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Operation HOPE Reaches Out to Advance Financial Literacy
and Economic Empowerment

Operation HOPE staffer demonstrates the ease and power of using the internet to a new HOPE Cyber Café Member. Source: Operation HOPE

Operation HOPE, Inc. (HOPE) is a leading provider of financial literacy and economic empowerment programs. Founded after the 1992 civil disturbances in Los Angeles, HOPE creates partnerships with government, the private sector, and community interests to bring self-sufficiency and revitalization to inner city and underserved communities across America.