Updates
Updates
Broad Effort Aims to Expand Financial Services to Low-Income Consumers
WASHINGTON — The Obama administration, teaming with private partners including the Gates Foundation and JPMorgan Chase, announced initiatives on Tuesday to expand banking services to millions of Americans and others worldwide who lack essentials like checking or savings accounts and [...]
Neighborhood Trust Secures $650,000 Grant from JPMorgan Chase Foundation
Neighborhood Trust is thrilled to announce a two-year, $650,000 grant from JPMorgan Chase, through its Foundation. The grant supports our direct service work with low-income clients in New York City and efforts to scale The Employer Solution, including the build [...]
The Andrew Goodman Foundation to Honor CEO Justine Zinkin at 2015 Hidden Heroes Award Ceremony
The Andrew Goodman Foundation (AGF), a civic engagement organization that empowers the next generation to initiate and sustain social action, is pleased to announce that it will honor Neighborhood Trust CEO Justine Zinkin at the 2015 Hidden Heroes Awards. Ms. Zinkin will receive [...]
NYC’s Credit Unions Give Mom-and-Pop Stores a Chance, Despite Gentrification
Norma Ortiz and her daughter Rossy Caba dreamed of opening a bakery in the Lower East Side of Manhattan and succeeded with the help of the Lower East Side People’s Federal Credit Union. Cases like this are relatively rare in [...]
Many New Yorkers Lack Bank Accounts and Emergency Savings, Says New Report
The Department of Consumer Affairs, in partnership with the Urban Institute, released two reports on Tuesday finding that more than half of New Yorkers lack adequate savings for an emergency, and 1.14 million don't have bank accounts or are underbanked. [...]
Can Employers Help Workers Better Manage Their Money?
Andrea Levere, President of Corporation for Enterprise Development (CFED), explains how employers cannot afford to ignore the negative effects of financial stress on their workers. Instead, helping workers better manage their finances and save more effectively should be part of [...]
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