About Us – Bank On Maryland

Our Mission

Our members offer services and educational resources that help empower people and families to improve their financial capability, health and independence.

It is important that residents have access to resources that help lay a solid foundation for banking and financial empowerment. Our coalition is particularly focused on assisting youth, first-time job seekers and families with disabilities to access financial services.

Our History

In 2019, the CASH Campaign of Maryland launched Bank On Maryland to connect consumers to safe and affordable banking products certified as meeting the Cities for Financial Empowerment Fund’s Bank On National Account Standards. With assistance from the CFE Fund, and partners in the private, public and nonprofit sectors, Bank On Maryland will identify strategies to increase collaborative efforts that connect Maryland residents to mainstream financial services and products. Members of the Bank On Maryland Alliance represent financial institutions, community-based organizations, and government agencies that provide services and resources such as financial education, credit counseling, savings programs, banking series, credit repair, employment assistance, youth engagement and other financial empowerment programming.

Alliance members promote certified accounts, identify opportunities for collaboration, participate in community engagement, and share best practices to develop effective solutions.

quotes

“It is easy to get into difficulty with your personal finances-regardless of whether you’re making a little, or a lot, of money. It is much harder to get out of those difficulties and that is why Bank On certified accounts make sense. These accounts provide a safe environment that assists people learning to manage their money well. Let the Bank On Maryland network help you, your family, your employees, your clients, your colleagues bank smarter.”

Carol Szaroleta, Director of Marketing and Business Development, Destinations Credit Union

The National Bank On Movement

Bank On Maryland is proud to be part of the national Bank On movement, made up of dozens of local, regional, and state coalitions across the country.

The nonprofit Cities for Financial Empowerment Fund (CFE Fund) is the national partner for local Bank On coalitions, supporting local efforts through resources like the Bank On National Account Standards and accompanying certification, grant support to build local coalition capacity, and a robust learning community. The CFE Fund also works to give voice to local coalition experiences by informing both federal regulatory policy and financial institution practices.