From: Mark S. Allen, Founder of The Black Leadership Development Institute, BLDI, Chairman of The Community Banking Coalition, and member of The Monroe Foundation's
Community Reinvestment Organizing Project
Enrolls 100 Low-Income Families
In "NEW START" Program for the Unbanked In Englewood
Organizing Project of the Monroe Foundation, has enrolled over 100
low-income and unbanked families in the Englewood community as
"account-holders", gaining access to mainstream financial services as an
alternative to currency exchange "banking" and check cashing services
through the account product called "New Start".
and soup kitchens organized by the Monroe Foundation in 2000, to access
the financial services mainstream through Marquette Bank.
a benefit, clients served by the Englewood Food Network system can have
their benefit checks direct deposited, participate in financial
education seminars on/off site, and become economically, socially, and
financially engaged in planning for their economic future through their
check books, and not a carbon copy of a money order!
the coming months, the Community Reinvestment Organizing Project, a
community reinvestment and public policy initiative of the Monroe
Foundation, will expand this effort with Marquette Bank into several
Chicago communities that include: Back of the Yards, New City, and
Brighton Park, areas where the has a branch "footprint".
More Information of the Community Reinvestment Organizing Project and
the Monroe Foundation and partnerships to promote economic opportunities
that assist unbanked families, please contact: