Milwaukee Neighborhood News Service

Your neighborhood. Your News.

Milwaukee NNSnewsMilwaukee NNSSearch
Subscribe to NNS today!
Advertisement
  • Home
  • News
    • Arts and Recreation
    • Community
    • Economic Development
    • Education
    • Health and Wellness
    • Housing
    • Public Safety
    • NNS Spotlight
    • Special Report
  • Posts From Community
    • Submit a Story
  • Community Voices
  • How To
  • Multimedia
    • NNS Local Video
    • Photos
    • NNS on Lake Effect
    • NNS WGLB 1560 Radio
  • Subscribe
  • Donate
  • About
    • Staff
    • Partners
    • News 414
    • The neighborhoods we cover
Milwaukee Neighborhood News Service
Milwaukee Neighborhood News Service

Diederich College of Communication, Marquette University


Language: English English Spanish Spanish

You are here: Home / Posts from Community / Post from Community: Bank On Greater Milwaukee announces 2021 coalition champions & celebrates two-years

Post from Community: Bank On Greater Milwaukee announces 2021 coalition champions & celebrates two-years

September 21, 2021 by Urban Economic Development Association of Wisconsin, Inc. Leave a Comment

Share this...
Share on Facebook
Facebook
Pin on Pinterest
Pinterest
Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin

Editor’s note: Posts from the Community is the place for community announcements and event postings. If you have a community-oriented event you feel our readers would be interested in, please submit here.

Bank On Greater Milwaukee (BOGM) celebrated their two-year anniversary with a virtual awards ceremony that recognized six local entities for their efforts to improve the overall financial health of the Milwaukee community. A program of the Urban Economic Development Association of Wisconsin (UEDA), Bank On Greater Milwaukee belongs to a nation-wide network of Bank On coalitions who aim to strengthen the financial stability of communities by increasing access to safe and affordable deposit accounts.

“A basic transaction account is an important first step to participating in the financial mainstream,” says Constance Alberts, Bank On Greater Milwaukee Program Manager. “We are extremely fortunate to engage a coalition of community organizations, banks, credit unions, and governmental entities who are dedicated to ensuring more households belong to the financial mainstream by developing low-barrier accounts and providing supportive financial education services.”

At their two-year anniversary event last week, Bank On Greater Milwaukee recognized coalition members who have made a significant contribution to the mission of Bank On Greater Milwaukee over the past year through innovative product development, programming, and community engagement efforts with their 2021 BOGM Champion Awards.

2021 BOGM Champions:

  • Milwaukee Public Library: Community Partner Champion
    Each year, MPL assists Bank On Greater Milwaukee with the updating and distribution of 10,000+ Money Smart Resource Guides, and has served as a financial education partner for many years.
  • Summit Credit Union: Product Development Champion
    Summit Credit Union’s development of the Balance Account and a non-custodial Bank On account will help expand banking access to youth.
  • REAL Bank Program: Innovation Champion
    Developed by Lad Lake, Summit Credit Union, St. Charles Youth & Family Services, Inc., and the Economic Awareness Council, the REAL Bank Program works to ensure youth aging out of foster care will have access to financial education and bank accounts that are safe and affordable.
  • Carol Maria, FDIC: Leadership & Activity Champion
    Carol played an integral role in bringing Bank On to the Milwaukee community and continues to engage local, regional, and national partners in efforts that move the needle on expanding mainstream financial inclusion.

“We are honored to receive this recognition from Bank On Greater Milwaukee,” said Sarah Campagna, Managing Vice President of Financial Empowerment for Summit Credit Union. “Summit Credit Union is committed to providing holistic financial experiences by pairing our safe and affordable products with our award-winning financial education. In joining the Bank On Greater Milwaukee coalition this past year, we have been able to reach even more families and communities with these resources.”

Since launching in 2019, Bank On Greater Milwaukee has more than doubled the number of Bank On certified accounts available in the Milwaukee area, from six to fourteen, with two more accounts near certification. Accounts at Bank Five Nine, BMO Harris, Chase, CIBC, Equitable, First Federal, First Midwest, Old National, PNC, Self-Help Federal Credit Union, Summit Credit Union, U.S. Bank, and Wells Fargo all have at least one account that has been certified by the national Cities for Financial Empowerment Fund (CFE Fund) as meeting the 2021-2022 Bank On National Account Standards (NAS).

Key features of NAS certified accounts include low or no monthly maintenance costs, no overdraft or non-sufficient fund fees, online pay bills and money online, and federal deposit insurance. A full list of certified accounts and coalition partners can be found on the Bank On Greater Milwaukee website.

Share this...
Share on Facebook
Facebook
Pin on Pinterest
Pinterest
Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin

Filed Under: Posts from Community

About Urban Economic Development Association of Wisconsin, Inc.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

Recent News

Post from Community: Looking for a job? Here are some opportunities.

5 things to know and do this week in Milwaukee: Feb. 6 to Feb. 10

NNS on ‘Lake Effect’: 5 things to do this February in Milwaukee neighborhoods

Advertisement
Give today to support our mission. Donate to Milwaukee NNS.
Advertisement

News

  • Arts and Recreation
  • Economic Development
  • Education
  • Health and Wellness
  • Housing
  • Public Safety
  • NNS Spotlight
  • Special Reports

Engage with us

  • Posts from Community
  • Community Voices
  • Submit a Story

About NNS

  • Milwaukee NNS Staff
  • Partners
  • News414
  • The neighborhoods we cover
  • Careers
  • Terms of use
  • Advertise

Connect with us

  • Facebook
  • Twitter
  • Instagram
  • YouTube
  • LinkedIn
  • RSS feed

Communities

Contact

mailing address
Milwaukee Neighborhood News Service
Diederich College of Communication
Marquette University
1131 W. Wisconsin Ave.
Johnston Hall 430
Milwaukee, WI 53233

email
info@milwaukeenns.org

phone & fax
PHONE: 414.604.6397 FAX: 414.288.6494


Milwaukee Neighborhood News Service is a project of Diederich College of Communication and Marquette University.
© 2020 Milwaukee Neighborhood News Service. Terms of use.
1131 W. Wisconsin Ave., Milwaukee WI 53233 • info@milwaukeenns.org

Copyright © 2023 · News Pro Theme on Genesis Framework · WordPress · Log in