CO-lAUNCHERS AND COALITION LEADS
Kathy Matthews, Enterprise Community Partners
Aisha Weeks, City of Cleveland
At Bank On CLE, we believe our efforts towards a more equitable financial system must include racial equity at the forefront of our work. We seek to unite people and organizations around a collective mission: to dismantle barriers to financial and economic mobility.
Our members offer services and educational resources that help empower people and families to improve their financial capability, health, and independence.
It is important that residents have access to resources that help lay a solid foundation for banking and financial empowerment. Our coalition is particularly focused on assisting young adults, individuals participating in job training programs, residents of affordable housing, and families with school age children that seek access to financial services.
Started in 2021, Bank On CLE helps connect consumers to safe and affordable banking products certified as meeting the Cities for Financial Empowerment Fund’s (CFE Fund’s) Bank On National Account Standards. With assistance from the CFE Fund, the City of Cleveland, Enterprise Community Partners, and local stakeholders from the private, public, and nonprofit sectors formed a Bank On working group in early 2020 to identify strategies to increase collaborative efforts that could connect consumers to mainstream financial services and products.
Members represent community-based organizations, financial institutions and local government agencies that provide services and resources such as financial education, credit counseling, savings programs, banking series, credit repair, employment assistance, youth engagement and other financial empowerment programming.
THE BANK ON MOVEMENT
Bank On CLE is proud to be part of the national Bank On movement, made up of dozens of local, regional, and state coalitions across the country.
The nonprofit Cities for Financial Empowerment Fund (CFE Fund) is the national partner for local Bank On coalitions, supporting local efforts through resources like the Bank On National Account Standards and accompanying certification, grant support to build local coalition capacity, and a robust learning community. The CFE Fund also works to give voice to local coalition experiences by informing both federal regulatory policy and financial institution practices.