ABA Banking Journal - May 2014 - (Page 28)
Doing well by
Banks are looking for ways to better
use their branches. A new partnership
between ABA and Operation Hope
offers options that could grow the
customer base and better serve
ABA BANKING JOURNAL
BY BILL STREETER, EDITOR
grew up around Mom and Pop businesses in
Harlem. I watched them disappear and it was discouraging. I would love to see small businesses in
Harlem once again." Chauntee Jackson spoke those
words to a group assembled in a bank branch in the heart
of New York City's Harlem neighborhood.
More than just expressing a wish, however, she is well on
her way to adding one new small business to the historic
minority community. With a partner, she is setting up a
home-cleaning service for women stressed out by having
to work and raise a family. Jackson and 21 other budding
entrepreneurs from Harlem and other New York neighborhoods, are participating in a program called "Hope Inside,"
created to help low-income people learn how to turn their
dreams into business success.
The event Jackson spoke at marked the opening of the
first Hope Inside location in New York City, situated in a
branch of Popular Community Bank, the mainland U.S.
unit of Puerto Rico-based Popular, Inc.
Hope Inside is one part of a new nationwide initiative
launched this spring by Operation Hope, a leading nonprofit organization promoting financial dignity and empowerment to underserved communities.
Following a pilot, 28 banks have signed on to participate
in one of two variations of Hope Inside around the country.
Table of Contents for the Digital Edition of ABA Banking Journal - May 2014
Who will fill the chair?
Pass the Aspirin
Doing well by doing good
ABA At Your Service
ABA Banking Journal - May 2014