Improving stability of households by embedding financial empowerment strategies into local government
New York, New York
Joined March 2013
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The CFE Fund is now active on Bluesky! Follow us at @cfefund.bsky.social for financial empowerment news, program updates, and grant opportunities, and visit cfefund.org for more information.
ICYMI: #FDIC (bit.ly/fdicsurvey23) & #BONDHub reports (bit.ly/bondhub23) highlight #BankOn movement success. There are 11 million+ Bank On certified accounts open, & the unbanked rate hit an all-time low. Read more on the success of Bank On: bit.ly/3Zh35Rh
CFE Fund retweeted
According to @FDICgov, the unbanked rate in OH & Northeast Ohio increased from '21 to '23 (now 4.2% in OH, 5.4% NEO), while rates in the US declined. Good summary here w/ quotes from @CFEfund @CityofCleveland & @ClevelandFed: crainscleveland.com/banking-… via @CrainsCleveland
DUE TOMORROW: Apply now for #CityStart & #FinancialEmpowermentCities. Learn more and apply here: bit.ly/3TBIKC4
The national unbanked rate has been cut in half since its height in 2011.
One reason for the drop? Safe accounts, like those that are #BankOn certified. Read more 👇
"Safe accounts" may be the single biggest driver of banking the unbanked: $174B has been deposited into 11M of these accounts at banks including @JMorganchase , @WellsFargo, @BankofAmerica and @Citi. Read more here: fortune.com/2024/11/18/more-… w/ @FDICgov via @FortuneMagazine
NEW #FDIC report (bit.ly/fdicsurvey23) and #BONDHub report (bit.ly/bondhub23) highlight #BankOn movement success. There are more than 11 million Bank On certified accounts currently open, and the unbanked rate is at an all-time low. Click the links to learn more!
CFE Fund retweeted
We're looking for an experienced consultant to create a training curriculum for municipal #FinancialEmpowermentCenter financial counselors on legacy planning. Proposals are due by November 29. Learn more and submit here: bit.ly/3YxgBQ8
CFE Fund retweeted
Come learn about the Bank On movement from our partners @cfefund and from some of our financial institution partners on why they participate in this upcoming hybrid roundtable discussion!
In-person reg: heyor.ca/lWEBQZ
Virtual reg: heyor.ca/iK9U6V
CFE Fund retweeted
Come learn about the Bank On movement from our partners @cfefund and from some of our financial institution partners on why they participate in this upcoming hybrid roundtable discussion!
In-person reg: heyor.ca/lWEBQZ
Virtual reg: heyor.ca/iK9U6V
Read our letter to the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, & the Federal Reserve Board's request for info on Bank-FinTech partnerships, noting concerns about mainstream banking access & Fintech safety risks bit.ly/4flWdaZ
Thrilled to see @USTreasury's comprehensive, bold strategy for national #financialinclusion. @CFEfund submitted a comment letter outlining how the #BankOn movement can help connect consumers to ~500 certified accounts at 60% of US branches - read more: bit.ly/treasuryletter
Check out @USTreasury's strategy here: bit.ly/3ChS3lq
We're hiring! The CFE Fund is looking for a Senior Associate to support the integration of legacy planning within the Financial Empowerment Centers (FECs). Please share with your networks! bit.ly/4ft3qVZ
CFE Fund retweeted
Proud to be part of the first #EmergencyFinancialEmpowerment cohort with @stlofe & build residents’ financial stability before & after a disaster. Thank you, @CFEFund & @BloombergDotOrg, for supporting this work! Learn more: bit.ly/StLouisEFEannouncemen…
#ReadySTL
ALT St. Louis skyline with a green shading is the background. Text reads: Disasters and emergencies can burden residents with: unexpected expenses, loss of income, and other financial distress. We're proud that the City of St. Louis has been selected for the CFE Fund's Emergency Financial Empowerment Initiative to build financial support into our emergency preparedness and response strategies to help all residents get financially ready.
Through our #EmergencyFinancialEmpowerment program, with support from @BloombergDotOrg's Greenwood Initiative, five cities will expand their emergency response infrastructure to address the financial impact of disasters on residents. Learn more: bit.ly/3UfORx4
We're looking for an experienced consultant to create a training curriculum for municipal #FinancialEmpowermentCenter financial counselors on legacy planning. Proposals are due by November 29. Learn more and submit here: bit.ly/3YxgBQ8
WEBINAR TODAY: Join at us 2 PM ET to learn about #FinancialEmpowermentCities, a grant opportunity to launch an Office of Financial Empowerment in your City or County. Register now: bit.ly/fecitiesrfp
WEBINAR TODAY: Join us at 3 PM ET to learn about our next #CityStart grant, which helps local governments develop a municipal financial empowerment blueprint with a focus on wealth-building opportunities for Black residents. Register now: bit.ly/citystartrfp
CFE Fund retweeted
The first #BankOnNewMexico coalition meeting is happening this Monday, October 21 at 9:30am! This hybrid event will showcase the progress and next steps for our coalition.
Attend In-person: heyor.ca/xgAuMI
Attend Online: heyor.ca/jDK0Hl