The Federal Deposit Insurance Corporation (FDIC) and CoAction are excited to announce the relaunch of the Northern Indiana Bank On Alliance (NIBOA), aimed at expanding access to banking for unbanked and underbanked residents in Jasper, Lake, LaPorte, Newton, Porter, Pulaski, and Starke counties.
The Bank On event will take place on Thursday, October 10, 2024, at CoAction's Main Office, located at 5240 Fountain Drive, Crown Point, IN 46307. The event will bring together community stakeholders, including representatives from financial institutions, community-based organizations (CBOs), faith-based organizations, and local government entities, to discuss NIBOA’s mission and goals for enhancing financial access across the region.
A representative from the Cities for Financial Empowerment (CFE) Fund will provide insights into the Bank On national movement, a groundbreaking initiative that has already transformed many communities. Local leaders will share testimonies about the importance of Bank On in driving financial inclusion and empowering underserved populations. Attendees will have the opportunity to engage in discussions about NIBOA’s future vision, priorities, and strategies for creating meaningful change.
Event Highlights:
- Insights into the Bank On national movement by a representative from the Cities for Financial Empowerment (CFE) Fund
- Inspiring local testimonies on the impact of bank account access
- Discussions on NIBOA’s vision and goals for Northwest Indiana
- Networking opportunities with financial institutions and community leaders
Banks and credit unions offering products that meet the Bank On National Account Standards (NAS) are encouraged to attend. Additionally, bankers involved in CRA compliance, community development, and financial product offerings are welcome to participate.
Yvette Johnson, Financial Services Manager at CoAction, emphasized the importance of Bank On in fulfilling the organization’s mission of financial empowerment:
"Bank On aligns with CoAction’s mission to build stronger, financially resilient communities. By expanding access to safe and affordable banking, we’re offering individuals the tools they need to achieve economic stability and self-sufficiency."
Johnson also highlighted the broader community impact of the initiative:
"By providing pathways to financial services, Bank On not only helps individuals gain control of their finances but also drives long-term economic growth in our region. It’s about creating opportunities for everyone to thrive."
This event is a collaborative effort, and the FDIC and CoAction look forward to the support and involvement of the region’s community-based organizations, faith-based organizations, local governments, and financial institutions. The contributions of past collaborators and CBOs have been invaluable in making progress toward financial empowerment, and their continued partnership is essential for future success.
Event Details:
- Date: Thursday, October 10, 2024
- Time: 9:30 AM to 12:00 PM
- Location: CoAction’s Main Office, 5240 Fountain Drive, Crown Point, IN 46307
- Registration: Interested attendees can register at https://cvent.me/EVBLEo
For further inquiries, please contact Yvette Johnson, Finanacial Serivces Manager at CoAction, at yjohnson@coaction.care.
FDIC and CoAction Relaunch the Northern Indiana Bank On Alliance (NIBOA) October 10, 2024
