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FACTS

• Too many Californians conducts their financial lives outside the financial mainstream
• Nationally as many as 28 million people are unbanked
• One in five low-income Californians does not have a checking account
• Nearly half of Californians do not have a savings account
• A full-time worker without a checking account could potentially save as much as $40,000 during his career by relying on lower-cost checking account instead of check-cashing services

Financial Partners

• Pan American Bank
  http://panamerbank.com/
  Locations:
  East Los Angeles
  3626 East First Street
  Los Angeles, CA 90063

  4631 E Whittier Blvd
  Los Angeles, CA 90022

  Contact Person:
  Alexander Penaloza
  Business Development
  Tel: (323) 264-3310
  apenaloza@panamericanbank.us

• Cathay Bank
  https://www.cathaybank.com/
  9650 Flair Drive
  El Monte, CA 91731

  Contact Person:
  Nancy Morikawa
  Community Reinvestment Act
  (626) 279-3876
  Nancy.Morikawa@CathayBank.com

• Bank of America
• Bank of the West
• Broadway Federal Bank
• Chase
• Citibank
• City National Bank
• Kinecta Federal Credit Union
• Pacoima Development Federal Credit Union 
• U.S. Bank
• Union Bank
• Wells Fargo

Message from the Mayor

At this time of change and challenge nationwide, it is the responsibility of leaders across the United States to take bold, decisive action to ensure that our working families have the tools to weather todays storm and prepare for a brighter tomorrow. We must bring new ideas and a fresh vision to the table, and state in a clear voice: that in the richest nation in the world, the neglect of the poor and the middle class cannot stand.

To that end, we are building an infrastructure that enables local families to access vital financial services and build wealth for generations to come.

Everyone deserves a chance to save and invest in their future safely. Why spend hundreds of your hard earned dollars at a check-cashing company when you can deposit your money for free and pay your bills at no additional cost? Today everybody can get a bank account. Even if you’ve had problems with an account in the past, have never had an account before, or don’t have a Social Security number, you can open a bank account in Los Angeles. Please join thousands of Angelinos by securing your family’s financial stability and opening a bank account now.

Learn more

Everyone deserves a chance to save and invest in their future safely. Why spend hundreds of your hard earned dollars at a check-cashing company when you can deposit your money for free and pay your bills at no additional cost? Today everybody can get a bank account. Even if you’ve had problems with an account in the past, have never had an account before, or don’t have a Social Security number, you can open a bank account in Los Angeles. Please join thousands of Angelinos by securing your family’s financial stability and opening a bank account now.  Learn more

By opening a bank account, you can take an important step toward financial security. With a free or low-cost account, you can start to save for the future and establish a credit history that will help you enter the financial mainstream and achieve your dreams.		Contact one of our community or financial partners to learn about bank account options that meet your needs. The bank or credit union staff will answer all of your questions and walk you through each step of the process.		Discover free classes and services that will help you achieve financial freedom. Find information about establishing financial goals, managing a budget, getting out of debt, and many other topics.
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