Banking Program to Help People with Credit Problems
June 19, 2012
ASHLAND, Ky. (WSAZ) — Everyone wants a second chance after making a mistake.
Tuesday, a group of bankers met to discuss a program that offers people with credit problems just that — a second chance.
The program is called “BankOn Northeast KY,” and it’s designed to educate and offer banking services to the unbanked and under-banked of eastern Kentucky…read more
BankOn Northeast Kentucky to help get finances organized in safe way:
From the Ashland Daily Independent
June 20, 2012
COALTON — One in three Kentuckians doesn’t have a bank account or depends on alternative services, like check-cashing stores, for banking needs.
A consortium of area banks and credit unions, working with the United Way and other social service agencies, has come up with a way to encourage such people to open bank accounts and use them to manage their money wisely…read more
Please join us for an important announcement regarding the introduction of:
BankOn Northeast KY
A program designed to provide the unbanked and underbanked with access to financial education and affordable financial services.
BankOn Northeast KY Press Conference
Tuesday, June 19, 2012
9 – 9:30 AM – Press Conference
9:30 – 10 AM – An overview of the program for potential community partners (businesses, agencies, faith based organizations, education partners, government groups)
ACTC Technology Drive Campus at EastPark
Rocky Adkins Pavilion
902 Technology Drive
Ashland, KY 41102
For more information on the BankOn Program contact:
|April PerryChairman of the Board, CEOKentucky Farmers Bank606-929-5030Aperry@kentuckyfarmersbank.com||Steve Towler
Director, United Way
Despite tight area economy, United Way giving increases
ASHLAND — While there are many words that would accurately describe the 2011 fundraising campaign of the United Way of Northeast of Kentucky, the one that comes immediately to mind is amazing, simply amazing.
The people and employers in Boyd, Greenup, Carter, Lawrence and Elliott counties have again proven that this is a giving and caring region by surpassing the local United Way’s ambitious $750,000 goal by more than $30,000
Reaching Kentucky’s Unbanked
With education, 600,000-plus households could avoid fees and be ready when U.S. agencies go to direct deposit in 2013
For about one in three Kentuckians, walking into a bank is a rare experience. There’s a push on, though, to change that before the federal government phases out paper benefits checks in 2013.
Kentucky ranks fourth in the nation in its rate of unbanked and underbanked populations, with 11.9 percent unbanked and another 23.7 percent underbanked, according to a 2009 study by the Federal Deposit Insurance Corp. (FDIC). The situation is often more critical in rural areas that have fewer resources and fewer financial institutions than urban areas.