An Evaluation of Financial Empowerment Centers: Banking Status

This brief, published by the CFE Fund, outlines banking outcomes in five Financial Empowerment Center (FEC) replication cities, and is excerpted from the CFE Fund’s full report, An Evaluation of Financial Empowerment Centers: Building People’s Financial Stability As a Public Service. This brief highlights how banking status mattered for financial counseling clients’ success, details unbanked clients and what they achieved during counseling, banking outcomes for all clients, and why products matter for programs seeking to improve banking access.