Bank On Worcester County is a creative approach to addressing poverty as a community health concern, resulting in a unified partnership of local government, non-profit organizations and banking institutions focused on increasing financial stability for low-to-moderate-income individuals and families through access to banking and financial education.
WCAC has been awarded an Activation Fund grant from the Health Foundation of Central Massachusetts in order to establish Bank On Worcester County. Partners will seek solutions to increase access and decrease barriers through the development of safe and affordable products and options, as well as financial education opportunities to meet the needs of low-to-moderate income individuals and families in Worcester and Southbridge.
The project aims to address the high number of unbanked and underbanked individuals in Worcester County.
Preliminary planning meetings and partnership recruitment for the Bank On Worcester County campaign are underway, with an anticipated launch in conjunction with the city-wide Volunteer Income Tax Assistance (VITA) program in January 2018.