Building stronger financial futures for City of Allentown residents
Bank On Allentown works to connect everyone to safe and appropriate financial products and services.
Bank On Allentown is a collaboration between local banks and credit unions, Financial Literally Center of the Lehigh Valley, United Way Greater Lehigh Valley and the City of Allentown to ensure that all residents have the opportunity to be financially healthy. Together, we are working to connect people to safe, affordable, and certified banking accounts. Our members also offer services and educational resources that help empower people and families to improve their financial capability, health and independence.
Bank On National Account Standards
The CFE Fund’s Bank On National Account Standards provide local programs with a benchmark for account partnerships with financial institutions, and include both core and recommended features.
CFE Fund Announces the Bank On National Account Standards for 2021-2022
Accounts certified as meeting these national Standards are already available in 99 of the largest 100
metro markets, and in 50 states and Washington, DC,
The Present and Future of Bank On Account Data
A report by the CFE Fund and the
Federal Reserve Bank of St. Louis
Join us in connecting City of Allentown residents to better banking products and making our community a safer, more accessible place to bank.
Bank On Allentown members are working together to ensure that all households have access to safe and affordable bank accounts that meet their needs, allowing them to increase assets, and strengthen their financial stability.
US households are unbanked, without a checking or savings account.
Allentown households are underbanked, relying on fringe financial services.
Unbanked cost over a lifetime
due to the use of costly alternative financial services for routine financial transactions.
The City of Allentown
Representative Michael Schlossberg
United Way of Greater Lehigh Valley
Financial Literacy Center of the Lehigh Valley
First Commonwealth Federal Credit Union
People First Credit Union
BANK ON CERTIFIED ACCOUNTS ARE…
These accounts do not allow overdraft or non-sufficient funds fees, so you’ll never be hit with a surprise fee.
Certified accounts are $5 or less per month, with no unpredictable fees.
Certified accounts always allow free deposits, free withdrawals, and free bill payments.