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Updates From Louisville

Posted by tlentz on 10/16/2014 @ 04:50 PM

It has been a little while since we posted new information - but that doesn't mean we've been sitting on our laurels! In August, Bank On Louisville celebrated its 4th Anniversary with 100 of its closest friends who came to help celebrate our successes. Since launching in 2010, the BOL partners have worked together to connect 16,143 unbanked individuals to new accounts. Seventy-percent of those accounts remain open with an average quarterly balance of $1,283. In addition, over the last year 12 of our partners helped to provide financial education to 6,532 participants.

At that event we also launched our new Bank On Louisville app, providing users with guides to financial education and to banks and credit unions near them. To try out the app on your mobile browser go to grow.bankonlouisville.org.

In September, LMCS participated in a pilot and provided feedback on CFED's Financial Capability Integration Toolkit. Components of the toolkit were demonstrated to 50 social service providers representing 35 area nonprofits.

And this month we will be holding a demonstration workshop on our new "Credit As An Asset" workbook. This new workbook is for people who want to gain new information and tools to build or rebuild good credit. Thanks to CFED for their support in this effort and to CBA (Credit Builders Alliance) for their guidance.

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