With generous support from the Wells Fargo Foundation, the Cities for Financial Empowerment Fund (CFE Fund) is seeking applications for a third cohort of the Bank On Fellowship Program, which will provide match funding of up to $45,000 for one year with the contingent eligibility to apply for a second year. The program will support Bank On coalitions to employ a full-time staff position (a “Fellow”) to lead coalition strategy and operations. In addition, the CFE Fund will provide intensive in-kind technical assistance, training, and resources to Fellows and host coalitions with a focus on sustainability beyond the Fellowship period.
The CFE Fund seeks proposals from Bank On coalitions committed to growing their local efforts through the addition of full-time leadership. Applicant coalitions should be committed to supporting the efforts of, and matching the funding for, a dedicated and empowered leader. The CFE Fund hosted an informational webinar on this funding opportunity; view the recorded webinar here.
Applications are due January 8, 2021 – apply now!
At the American Banker’s Association’s Unconventional Convention, ABA President and CEO Rob Nichols urged their thousands of members to offer a Bank On certified product. As part of this partnership announcement, the ABA notes working with nearly all of the nation’s core service providers to make it easier than ever for thousands of banks to offer Bank On-certified accounts, significantly growing the market of safe and affordable accounts available to residents across the country. Banks and credit unions across the country can explore and apply for Bank On certification at www.joinbankon.org/certify, joining the 60+ institutions across the country that already provide their communities with a certified account.
The time is now – and it’s not too late – to open a safe banking account to get unemployment money and other benefits faster & safer than a check. Visit covidbanking.joinbankon.org for details on which #BankOn certified accounts that can be opened online!