Updates
Updates
The Unbanked: Offering Small Fees, Banks Cater to Low-Income Customers
One woman kept her savings — a $100 bill — in the freezer. Another, a single mother in Texas, said she had only enough extra cash each week to buy one wooden letter, for $3, to spell out her daughter’s [...]
When Employees Need More Than an Advance on Their Paycheck
NPR Planet Money reveals the impact Neighborhood Trust's Employer Solution is having at a marketing firm in Seattle where Andrew Rosenkranz describes the benefit of offering financial advisement to his employees. Read the rest at NPR Planet Money
Federation Plans to Expand Support for Financial Empowerment in CUs
Credit unions in low-income communities recognize that meeting the financial needs of members often means going beyond simply offering products to also providing education and counseling to help their members utilize products effectively and reach their financial goals. Today more [...]
5 Ways to Help Your Employees’ Salaries Go Further
If raises aren’t in your budget, you still have the means to help your staffers stretch their dollars. 1. Run an efficient operation In tight times you may not be able to pay workers more. But there are ways you [...]
Justine Zinkin Is Hearts on Fire’s ‘Visionary of the Week’
Justine Zinkin has that rare combination-- a soft heart for helping others and a sharp mind for finance. The combination has led her to the top of the non-profit organization, Neighborhood Trust Financial Partners. Neighborhood Trust was founded in 1994 with [...]
Bank Account Screening Tool Is Scrutinized as Excessive
In her early college years, when Charlette Williams started routinely mismanaging her finances and pushing her checking account balance into the red, she never thought the mistakes would haunt her five years later, she said. Now, she is paying a [...]
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