Did you know that having a bank account is a key step to financial independence? And did you know that nearly 22% of people in our community either don't have a bank account or use high-interest products like pay day loans, check cashing, and pawn shops. On average, these individuals spend $1,000/year on fees.
Bank On Bloomington is a community collaboration to help residents access mainstream financial services and education. You can get more information about qualifying accounts at these participating institutions: Chase, Fifth Third Bank, First Financial, IU Credit Union, Old National Bank, and Woodforest National Bank.
Free Bank on Bloomington Financial Literacy Series
We are excited that our free financial literacy series is returning - virtually! The classes will cover banking basics, budgeting, preparing for big purchases, and how to wisely handle credit and debt. Instructors from Fifth-Third Bank, Apprisen, and PNC Bank will teach the classes. RSVP forms for each class can be found below. After filling out the form, you will receive a link to the Zoom session.
Having a bank or credit union account is important for many reasons:
Residents who have never had a bank account or have had difficulties in the past are finding that many usual barriers have been reduced or eliminated. These can include minimum balance requirements, past unpaid overdraft charges, or lack of a U.S. driver's license or state-issued identification.
Personal Finance Flyer 2021*
*Each date is linked to an RSVP form and after filling out the form individuals will receive a link to the Zoom session.
Share your news with us!
Submit your news to the Chamber by the 12th or 28th of each month to be included in the bi-weekly Membership Matters emails.