Updates
Updates
City’s Tech Whizzes Should Create an Uber for the Unbanked
Massive tech-inspired reductions in the high rates of financially under-served New Yorkers are not unrealistic. Considering that 96 percent of New York city residents have a cellphone—higher than the national average—perhaps a mobile solution is a start. One model would be the approach taken by Neighborhood Trust, a Washington Heights non-profit specializing in financial literacy and empowerment for low-income New Yorkers. In concert with Cardwell Beach, a Brooklyn-based development team, they're managing to help hundreds of NYC residents access resources and track goals via mobile apps that reduce the need for face-to-face financial counseling sessions. Clients map out income and expenses, set up automated savings accounts, gain access to credit unions, and receive assistance paying off high-interest debt. [...]
Introducing the Citi® ATM Community Network: Expanding ATM access for 300,000+
A note from Bob Annibale, Global Director, Citi Community Development and Inclusive Finance Last week, Citi unveiled the Citi® ATM Community Network, a new pilot program that will allow more than 300,000 clients of 15 minority-owned banks and credit unions to [...]
CFE Fund: Making the Case for Database Investments for Financial Counseling Consistency
The CFE Fund published Neighborhood Trust's essay on the importance of investing in a database to further professionalize organizations in the financial counseling field. In the essay, Chief Program Officer Sarah Sable and Director of Program Design Alana Perrone discuss the results of Neighborhood [...]
Neighborhood Trust and DCA Integrate Free Tax Preparation Services into the Workplace
Neighborhood Trust partnered with the Department of Consumer Affairs (DCA) in support of its initiative providing free tax preparation in New York City through the IRS’s Volunteer Income Tax Assistance (VITA) program. The employer-based VITA program, or NYC Free Tax [...]
Closing the Wealth Gap for Families of Color
Thanks to the generous support of the W.K. Kellogg Foundation, Neighborhood Trust is contributing to creating a more inclusive economy for all. The Stanford Social Innovation Review published an editorial by Kellogg Foundation President La June Montgomery urging policymakers to [...]
Neighborhood Trust Financial Advisor Samantha Kinney Quoted in New York Times
We are excited to share that the New York Times featured a quote from our Financial Advisor, Samantha Kinney, regarding her clients' experiences with overdraft fees. Overdraft Practices Continue to Gut Bank Accounts and Haunt Customers New York Times February 28, 2016 By: Michael [...]
Follow Us