CFE Fund

Improving stability of households by embedding financial empowerment strategies into local government

[CFE Fund @CFEfund]

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 https://t.co/Ee6KG5DE0c for more information.

[DC Department of Insurance, Securities and Banking @DCDISB]

Today, DISB joined leaders from local organizations, the @FDICgov and @CFEfund to discuss how to bridge the gap between District residents and banking institutions.

[CFE Fund @CFEfund]

ICYMI: #FDIC (https://t.co/UGEzkg8Nwh) & #BONDHub reports (https://t.co/nFSIxLL8P4) 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: https://t.co/mkhPjE6Yzo

[Emily Garr Pacetti @EGPacetti]

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: https://t.co/KAJFHQWJTk via @CrainsCleveland

[CFE Fund @CFEfund]

DUE TOMORROW: Apply now for #CityStart & #FinancialEmpowermentCities. Learn more and apply here: https://t.co/R2s0HnBLU1

[CFE Fund @CFEfund]

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 👇

[Michael del Castillo @DelRayMan]

"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: https://t.co/pVRRz8LfVO w/ @FDICgov via @FortuneMagazine

[CFE Fund @CFEfund]

NEW #FDIC report (https://t.co/UGEzkg8Nwh) and #BONDHub report (https://t.co/nFSIxLL8P4) 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 @CFEfund]

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: https://t.co/Y1j1HuHedI

[Prosperity Works @ProsperityWork]

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: https://t.co/J620uxCxhF
Virtual reg: https://t.co/1MBJvz3VkK

[Prosperity Works @ProsperityWork]

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: https://t.co/J620uxCxhF
Virtual reg: https://t.co/1MBJvz3VkK

[CFE Fund @CFEfund]

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 https://t.co/LltPhSaA4S

[CFE Fund @CFEfund]

@USTreasury Check out @USTreasury's strategy here: https://t.co/6kv1BZcxyD

[CFE Fund @CFEfund]

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: https://t.co/gKbgqdK9NC

[CFE Fund @CFEfund]

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! https://t.co/Kk7w9K47wN

[City of St Louis EM @CityEMA]

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: https://t.co/wChjxzawHz

#ReadySTL

[CFE Fund @CFEfund]

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: https://t.co/3N5X9ah3Fa

[CFE Fund @CFEfund]

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: https://t.co/Y1j1HuHedI

[CFE Fund @CFEfund]

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: https://t.co/ySFGNT2lP7

[CFE Fund @CFEfund]

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: https://t.co/sTntXaCdBL

[Prosperity Works @ProsperityWork]

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: https://t.co/Vhswy7djdv
Attend Online: https://t.co/udw1xRj7yd