Tuesday, August 18, 2009

Joining a Bank or Credit Union

Yesterday's New York Times includes an article regarding the distrust that many low-income NYC residents have for the banking industry. According to data they cite from the Pew Charitable Trusts, 12 percent of households in Manhattan do not have a bank account, compared to 8 percent nationwide.

PathWays PA offers several tools to help people open a bank account. Our Paths to Banking guide gives step-by-step directions for opening an account, while our Paths to Banking brochure compares rates and information about banks and credit unions in the Philadelphia region.

Information on opening a bank account, talking about money, and saving and investing can also be found through Pennsylvania's Office of Financial Education.

PathWays PA also operates a financial literacy program from our West Philadelphia office. For more information, you can reach the office at 215-387-1470.

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