ABOUT BANK ON LOS ANGELES

Bank on Los Angeles is intended to address the barriers to economic opportunity that can be overcome though saving and better access to safe, affordable mainstream financial services. The program is therefore strategically designed to target the more than half a million residents of Los Angeles who are “unbanked.”   It will do so by providing affordable and quality products and services suitable for unbanked people through banks and credit unions, educating people about these opportunities through public education campaign and grassroots communications strategies, and preparing community-based organizations to provide on-the-ground financial counseling and asset-building strategies to the targeted low income individuals and families. The ultimate goals being to provide all Angelinos with the financial tools they need to build assets and wealth for their families’ future.

The intended outcomes are specific and measurable: the opening of 10,000 new bank accounts per year among low-income individuals.

WHY BANK ON LA?

REACHING OUT TO UNBANKED ANGELINOS

NATIONAL EFFORTS

PRESS

FINANCIAL CONTRIBUTORS