2007

NCIF hosted a webinar entitles Structuring Profitable Introductory Services for the Underbanked

The event offered insights from leading practitioners in the community development sphere on issues at the forefront of the industry. This was a culmination of the Retail Financial Services Initiative spearheaded by NCIF through the generous support of The Annie E. Casey Foundation to help bring mainstream financial services to the unbanked and underserved sector.

In Structuring Profitable Introductory Services for the Underbanked, NCIF analyzed the effectiveness and sustainability of 3 of these strategies. The final report from the project is available by clicking here.

CDBI Participants in the Study
Margaret Henningsen, Senior Vice President. Legacy Bank, Milwaukee, Wisconsin
Deposit products for individuals who were unbanked, often turned away by mainstream banks due to their credit history.

Ed Jacob, CEO, North Side Federal Credit Union, Chicago, Illinois
Short-term, small-dollar loan product to combat predatory lenders and pay-day lending.

Dierdre Silverman, Director of Community Programs/Venture Fund Manager, Alternatives Federal Credit Union, Ithaca, New York
Free tax preparation services for underbanked individuals resulting in greater deposit and loan relationships.