These resources can help inform effective banking access efforts.

National Bank On Data Portal Pilot

The CFE Fund is piloting a centralized national reporting portal designed to support voluntary reporting about Bank On certified accounts in the near future. Basic data, such as number of certified accounts opened in a given reporting period, will also be relevant to Community Reinvestment Act regulatory examinations. Once the pilot phase is complete, financial institutions large and small across the country will be able to submit basic data from their Bank On certified accounts to one central national portal. The CFE Fund is consulting with the Federal Reserve Bank of St. Louis on data collection infrastructure, and select national and regional banks have volunteered to partner on this pilot. Contact us to learn more.

An Evaluation of Financial Empowerment Centers: Banking Status

This brief details banking outcomes in the five Financial Empowerment Center (FEC) replication cities, and is excerpted from the CFE Fund’s full report, An Evaluation of Financial Empowerment Centers: Building People’s Financial Stability As a Public Service. This brief highlights how banking status mattered for FEC clients’ success. It also details unbanked clients and what they achieved during counseling, banking outcomes for all FEC clients, and why products matter for programs seeking to improve banking access.

The CFE Fund held a 15-minute webinar on this topic; watch the webinar here, and view the presentation here.

Account Screening Consumer Reporting Agencies: A Banking Access Perspective

This CFE Fund and National Consumer Law Center report details consumer reporting agencies and the significant—and deeply flawed—role they play denying millions of people access to mainstream banking.

Summer Jobs Connect: Building Sustainable Banking and Savings Programs in Summer Youth Employment

This report highlights Summer Jobs Connect’s second year, with briefs on direct deposit and financial education; incentive strategies; and infrastructure changes for sustainability.

Summer Jobs Connect: More Than a Job

This report details lessons learned from the first year of Summer Jobs Connect, which adds financial empowerment strategies to summer youth employment programs.

FDIC Unbanked Survey

The Federal Deposit Insurance Corporation (FDIC) sponsors the biennial National Survey of Unbanked and Underbanked Households to collect data on the number of U.S. households that are unbanked and underbanked, their demographic characteristics, and their reasons for being unbanked and underbanked. The survey includes a wealth of previously unavailable data on unbanked and underbanked households at the national, state, and large metropolitan statistical area (MSA) levels. Users can access survey findings, download survey data, generate custom tables, and view information about other relevant FDIC studies and initiatives.

Prosperity Now Assets and Opportunity Local Data

Knowing the size of the unbanked and underbanked population is helpful in understanding the needs of your local community. Learning which populations are at higher risk for being financially underserved can also help you design an effective and well-targeted financial access strategy. Users can access Prosperity Now’s (formerly CFED’s) data tool to download estimates of the number of unbanked and underbanked households at the city/town, county, metro area and state levels; access supplementary demographic data on at-risk populations; map unbanked and underbanked households down to the neighborhood level; and learn more about the financially underserved in your community.

Federal Reserve Community Credit Profiles

The Federal Reserve Bank of New York launched an interactive tool, called Community Credit, which looks at the local credit economy at the national, state and county levels. Each community is characterized based on the aggregated credit behavior of its adult residents, and then these indicators of credit behavior are used to assess the community’s ability to access credit and its credit stress level. The tool also looks at how these factors have changed since 2006.