• WHY BANK ON
  ROCKFORD?
• REACHING OUT
  TO UNBANKED
  RESIDENTS
• NATIONAL EFFORTS
• CASE STUDY
• PRESS
• THANKS

An estimated 4,600 Rockford households don’t have bank accounts. With no access to mainstream financial services, unbanked Rockford residents are forced to turn to check-cashing companies, spending hundreds of dollars a year just to cash their checks and pay bills, and sending millions of dollars out of our community. Estimates suggest unbanked families spend approximately 5% of their annual incomes just to manage their basic finances. In addition, a bank account is the first step to financial security, and provides the necessary tools to climb the economic ladder. With no safe way to access and save money, unbanked Rockford residents are particularly vulnerable in times of crisis or emergency, and lack the necessary tools to save and build assets.