Financially empowered people are the foundation of a financially strong City. They start and support businesses, keep stable families, get involved in their communities, and build the tax base. Since the San Francisco OFE launched, our programs have helped thousands of people take steps toward being part of a stronger, more independent San Francisco.
BANKING THE UNBANKED. Unbanked San Franciscans have opened more than 10,000 checking accounts per year since 2006.
NATIONAL MODEL. Over 100 Bank On programs have been launched or in development across the United States. The National League of Cities created “Bank on Cities” and the US Department of the Treasury is developing “Bank on USA.”
CREDITS SUCCESSFULLY CLAIMED. So far, 51,100 credits (est. $7.4 million dollars) in Working Families Credit funds have been distributed to low-income families
SAVINGS ACCOUNTS OPENED. In 2012, more than 4500 San Francisco public kindergarten students received a college savings account with a $50 deposit, and the opportunity to receive bonus savings incentives
EARLY FINANCIAL EDUCATION. In connection with the K2C program, elementary math teachers incorporated financial subjects into the kindergarten curriculum.
PREDATORY LENDING REDUCED. Payday Plus SF makes more than 300 small dollar loans each year.
FINANCIAL EDUCATION WORKSHOPS. We’ve helped more than 60 partner organizations conduct 135 Financial Education Workshops, reaching over 2,100 San Franciscans a year.
PROFESSIONAL DEVELOPMENT. Over 240 financial education practitioners and stakeholders have received training through the SF Smart Money Network’s quarterly professional development series.
ONE-ON-ONE COUNSELING. 470 San Franciscans received individual counseling with a certified financial planner through SF Smart Money Network’S Financial Planning Day
LEARNING CIRCLES. 600 individual case workers and nonprofit staff received training through the Family Economic Success Workgroup Learning Circle program
MAKING THE PROCESS EASIER. In 2010, Homeownership SF gave workshops for 2,254 San Franciscans, gave individual counseling to 1,012 people, and helped create 198 new San Francisco homeowners.