Bank on DC
Everyone is welcome.
DGEFCU is a proud participant in Bank on DC.
Bank on DC is the city’s first comprehensive program in the District of Columbia that serves “unbanked”—those who live without access to mainstream financial institutions and are forced to rely on expensive check-cashing services and predatory lenders.
In 2009, the city worked with local community organizations, banks, and credit unions to develop Bank on DC, a program that would:
- Change bank products and policies to make sure all District residents have access to open low-cost, starter bank accounts.
- Raise consumer awareness about the benefits of having an account.
- Provide quality financial education to District residents to help them start s savings plan.
- Encourage companies and organization to promote use direct deposit among their employees.