Banking Means Brighter Futures

< Blog Home|March 14, 2019 by Andrew Ford

Andrew Ford

Andrew Ford is the senior associate for education and community change at the Winthrop Rockefeller Foundation.

Click here to read “Little Rock shelter, bank partnering on money literacy program” from the Arkansas Democrat-Gazette.

 

WHAT WE’RE EXCITED ABOUT

Our House has partnered with First Security Bank to empower families striving to get out of poverty. With support from Bank On Arkansas+, 150 Arkansas families at Our House can now receive financial coaching and benefit from banking products tailored to meet their unique needs.

WHY THIS EXCITES US

The Winthrop Rockefeller Foundation (WRF) relentlessly pursues economic equity. Economic equity will exist when all Arkansans can achieve widely shared prosperity because everyone earns a living wage, participates in a thriving economy, and is able to build generational wealth. WRF was a founding funder of Bank On Arkansas+, and we are inspired by Our House families’ commitment to building financial security.

WHAT WE KNOW

32 percent of Arkansans are unbanked or underbanked. Gaps in access to financial services are far worse in communities of color where nearly 50 percent of African American and Latino residents are unbanked and underbanked in Arkansas. We relentlessly pursue economic equity for all Arkansans because we can and will increase financial security in partnership with families as well as community, nonprofit, business, and policy leaders.

 

Click here to read “Little Rock shelter, bank partnering on money literacy program” from the Arkansas Democrat-Gazette.

 

 

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