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| Get Checking Facts and Key Achievements |
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National Program Highlights
With eFunds offering notations on graduates ChexSystemsSM files and the benefit of obtaining access to a deposit account and a second chance at mainstream banking services, Get Checking provides an end result currently no other financial education program nor a provider of risk management services offer.
To date, Get Checking has helped approximately 7,600 consumers develop the financial knowledge and practical skills to use banking services effectively and become new deposit account holders since 2001.
The program is currently available in 55 markets across 19 states with 64 community and educational organizations teaching the curriculum and 172 financial institutions with 4,760 branches actively participating.
In 2004, there were 2,304 Get Checking graduates and 2,281 (99%) became new account holders. Out of the total graduates, 642 (28%) were truly un-banked without any banking history.
At the end of 2Q 2005, there were 2,923 Get Checking graduates and 2,910 (99%) became new account holders. Out of the total graduates, 681 (23%) were truly un-banked without any banking history.
The retention rate for accounts opened by Get Checking graduates consistently remains high at 95%, with only 5% of total graduates repeating problem behavior. Financial institutions and class facilitators throughout the country identify that, given education and the opportunity, consumers will change their financial behavior.
2005 New Market Forecast*
- Salt Lake City, UT - 1/27/05
- Atlanta, GA - 2/17/05
- Jacksonville, FL - 2/22/05
- Springfield, MO - 4/5/05
- Phoenix, AZ - 5/17/05
- South Portland, ME - 5/18/05
- Tampa Bay, FL - 5/25/05
- Minneapolis, MN - 8/8/05
- Chattanooga, Nashville, Memphis, TN - 9/7/05 and 9/8/05
- Birmingham, AL - TBD
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- Egg Harbor Township, NJ - TBD
- Central and Upstate New York, NY - TBD
- Spokane (Eastern Washington), WA - TBD
- Detroit, MI - TDB
- Kansas City, MO - TBD
- Louisville, KY - TBD
- Durham, NC - TBD
- Houston, TX - TBD
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* The forecast for new markets is subject to change. New markets may be added and/or subtracted based on financial institution and community group interest, as well as having an educational organization available to administer classes.
Upcoming National Program Events
National Get Checking Press Conference in Washington, D.C. September 22 - 23, 2005
Get Checking Annual Conference in Scottsdale, AZ November 2 - 3, 2005
1Q - 2Q 2005 Key Acievements
Get Checking is building a national alliance with the Internal Revenue Service through the Chief of Financial Institution Partnerships to make Get Checking the financial literacy piece provided at all the IRS VITA sites across the country. These sites primarily assist lower-income individuals receiving EITC benefits. This alliance will increase program visibility and viability across the country.
Appointed the Get Checking Advisory Council, comprised of program participants and supporters who are experts in financial literacy and community development initiatives. Regional Community Development Manager of the Federal Reserve Bank of Atlanta, Community Affairs Officer from the Federal Reserve Bank of St. Louis, and Chief of Financial Institution Partnerships of the Internal Revenue Service are all acting Members on Get Checking Advisory Council.
Get Checking was the featured news segment on NBC affiliate (KPNX-TV Channel 12) with full page article on the Call 12 for Action (KPNX-TV Channel 12 website): http://www.azcentral.com/12news/consumer/articles/getchecking-CR.html
Get Checking was presented at the Federal Reserve Bank of Atlanta to its Bankers Roundtable and as a result SunTrust, Wachovia and Washington Mutual will participate in and endorse the program, adding 500+ branch locations throughout the entire state of Georgia.
Get Checking was presented at the Federal Reserve Bank of Atlanta-Jacksonville Branch to its Bankers Roundtable and as a result 47 financial institution locations are on board to participate and facilitate the program in Jacksonville.
Get Checking was presented with the Federal Reserve Bank of St. Louis to 80 attendees in Springfield, Missouri and as a result 68 financial institution locations are on board to participate and facilitate the program in Springfield.
Get Checking is being offered throughout National Bank of Arizona’s footprint, including 51 branch locations.
Interviewed by reporter Alyson Megur and Get Checking briefly mentioned in news segment on ABC affiliate (WSYR - Syracuse News Channel 9).
Interviewed by and highlighted on Bankrate.com under News & Advice section in Checking & Savings.
The first Get Checking National Participating FI Directory was completed, which provides a detailed list of Get Checking participating financial partners across the country.
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