United Way Offering Bank on Bloomington Financial Literacy Series

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.

• Mar. 18th: Banking Basics and Budgeting
• Apr. 15th: Credit and Getting Ready for Big Purchases
• May 20th: Handling Credit and Debt Wisely

---

• Jun. 17th: Banking Basics and Budgeting
• Jul. 15th: Credit and Getting Ready for Big Purchases
• Aug. 19th: Handling Credit and Debt Wisely
• Sep. 16th: Banking Basics and Budgeting
• Oct. 21st: Credit and Getting Ready for Big Purchases
• Nov. 18th: Handling Credit and Debt Wisely
• Dec. 9th: Banking Basics and Budgeting

Having a bank or credit union account is important for many reasons:

• It’s safe. Banks and credit unions keep your money safe from theft, fires, floods, and other natural disasters. Even if something happens to your bank or credit union, the federal government will make sure you get your money back (up to $250,000).
• It’s convenient. Having an account helps you save time - you won't have to wait in long lines to cash checks and purchase money orders. You can direct deposit your paycheck, tax refund, and public assistance benefits. You can also pay your bills with your own checks or online.
• It can save you money. Cash your checks and pay your bills without paying check-cashing fees or buying money orders.
• It can help you build your financial future. Having a bank or credit union account may help you access other financial services in the future.  

​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.