Bank on LA” Campaign
The Bank on LA Campaign is a social-marketing campaign being spearheaded by the Office of Mayor Antonio Villaraigosa and the United Way of Greater Los Angeles. The campaign raises awareness about the benefits of banking and direct people to responsible financial institutions in their area. It engages a coalition of financial institutions that will fund the campaign and commit personnel and product lines to serve unbanked residents. The initiative is based off similar efforts in other cities. (Bank on San Francisco, Bank on New York, etc.) The campaign focuses its efforts in four neighborhoods which have the highest concentration of unbanked households in the city: Westlake, Boyle Heights, Pacoima, and Vernon-Central. Community Financial Resource Center (CFRC) is a major partner in this campaign, and will be the lead agency in the Vernon-Central neighborhood of South Los Angeles.
Bank on LA employs a two part strategy in these neighborhoods:
Bank on LA Partners
Calling all Bloggers! Any bankers got something they would like to share on our :Bank on LA blog? A quick article? Tips for opening up checking accounts? Etc.? Email your submissions and I’ll have them up!
For more information about Bank on LA, please contact
Hassan Nicholas, Case Manager
323-233-1900 x 231
To view event calendar Click Here
The Individual Development Accounts (IDA) Program is a matched savings program designed to help low-income families save for and acquire a productive asset -- a home, a small business or post-secondary education. Participants make regular contributions to a special savings account, an Individual Development Account or IDA, held jointly by the participant and the United Way of Greater Los Angeles at Citibank. Participant contributions are matched $1 per dollar, up to $2,667 match ceiling for a home, and up to $2,000 match ceiling for small business and post-secondary education. Match funds are disbursed when a participant reaches his or her savings goal and are issued directly to a vendor that provides the participant's chosen asset goal.
The IDA Program is sponsored by the U.S. Department of Health and Human Services and the United Way of Greater Los Angeles, and is supported by Citibank. For more details click here or please contact Veronica Lopez at (323) 846-1476
For Frequently Asked Questions Click Here
Preguntas Frecuentes Haga Click
(IDA) Program Provided By:
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Loan programs are available to business owners planning to operate or operating in low to moderate income census tracts in Los Angeles County.
Community Financial Resource Center welcomes new startups and business expansions to our Capital Partners Program™ Training. Please join us and take advantage of these great opportunities. Special Offer for just $35 for 6 hrs/Business Training.
CFRC offers comprehensive homeownership services for first time homebuyers and existing homeowners. These services include homeownership education and counseling by certified trainers, referrals to prescreened lenders and real estate professionals, and pre-qualification meetings to determine affordability.
The Center offers a comprehensive month long session of financial eduaction classes designed to encourage participants to adopt a smart and active approach to money management and planning. The workshop invites partner financial advisors to co-teach and counsel clients while simultaneously creating an "action plan". Topics include credit & debt management, investing, and retirement planning. Cost of the workshop to attendees is $40 for an individual/$60 for a couple, for a four class session or $10 per class.
The Center provides loan packaging, business plan development for existing businesses, networking forums for business development, and access to loan capital.
The Center offers technical assistance in English and Spanish to help entrepreneurs prepare loan packages and develop business plans.
