Thursday, October 22, 2009

Bank On Rapid City- Exciting New City Initiative!

For a look at some of the more recent information available CLICK HERE. Bank On Cities is an intiative of the National Leage of Cities. Other cities which currently have a Bank on program include San Francisco and San Antonio

The goals of Bank On Rapid City are to facilitate and encourage partnerships within the community that will make mainstream banking and lending available to everyone wishing to use it and to provide the tools that will help residents make better financial decisions, utilize credit responsibly, and maximize their financial security through increased earnings, savings and investments. The Rapid City Council discussed this intiative on April 22, 2009. To learn more about the local discussion, take a look at the City Council Minutes for that date.

Bank On is a program that will educate people on:
· how to handle their finances in a way that allows them to keep more of them for themselves,
· how to make better spending choices,
· and how use credit responsibly.
The program encourages people to save money for unexpected life happenings and goals that help them increase their net worth.

Bank On Rapid City is part of the city’s existing efforts to promote family financial stability. The City of Rapid City, non-profit organizations and lending institutions have been working together on financial empowerment projects for the community since 1994 when the first homebuyer’s education course was created and provided to the community. The City has adopted the Strengthening Families for Better Outcomes for Youth and Children Platform. The Mayor appointed and leads a task force to identify the top priority needs and gaps in services, develop plans to address the issues, set goals and track accomplishments.

RCPL Knowledge Network will continue to add information for this exciting new City initiative.