About Us

The Program

Bank On Dubuque was formed in the summer of 2010 by the Community Foundation of Greater Dubuque, several Dubuque financial institutions and community social organizations to improve the financial futures of unbanked families.

The program offers low- and moderate-income residents free or low-cost checking accounts and access to financial education.  Access to a bank or credit union account can help residents avoid costly alternative financial services (check cashers, payday lenders, pawn shops and rent-to-own stores) and enable families to build and protect their assets.

Bank On Dubuque is based on a national model called the Bank On Cities Campaign, sponsored by the National League of Cities.  The program grew out of an earlier technical assistance project that helped municipal officials build a comprehensive asset-building agenda.

The Problem

Two distinct financial services systems exist in the United States – the financial mainstream (banks and credit unions) and financial fringe alternatives (check cashers, payday lenders, auto title lenders, etc.).

The National League of Cities estimates approximately 28 million “unbanked” and 44 million “underbanked” Americans lose $11 billion each year to check cashers, payday loan outlets and pawn shops.

According to an FDIC report, the state of Iowa percentages for unbanked households is 4.7% and underbanked is 16.8%.  The 2000 U.S. Census counted 22,560 households in Dubuque.  This suggests about 1,000 unbanked households and 4,000 underbanked households in Dubuque.

The Partners

Financial Institution Partners

  • Alliant Credit Union
  • American Trust & Savings Bank
  • Dubuque Bank & Trust
  • Dubuque Teachers Credit Union
  • Dupaco Community Credit Union
  • DuTrac Community Credit Union
  • Health Services Credit Union
  • Premier Bank

Community Outreach Partners:

The Federal Deposit Insurance Corporation (FDIC) supports the effort through staff guidance offered through its community outreach program.

  • Catholic Charities
  • City of Dubuque
  • Community Foundation of Greater Dubuque (facilitator)
  • Consumer Credit Counseling Service
  • Crescent Community Health Center
  • Dubuque Rescue Mission
  • Dubuque Homeless Advisory Board
  • Four Mounds Foundation
  • Hillcrest Family Services
  • Multicultural Family Center
  • Operation New View
  • Opening Doors (Maria House/Teresa Shelter)
  • Project Concern
  • Project HOPE

Financial Education Partner

  • Iowa State University Extension

Thank You

Financial Support

  • Alliant Credit Union
  • American Trust & Savings Bank
  • Dubuque Bank & Trust
  • Dupaco Community Credit Union
  • DuTrac Community Credit Union
  • Health Services Credit Union
  • Premier Bank

In-Kind Support

  • Advertising Federation of Dubuque
  • Community Foundation of Greater Dubuque
  • Union-Hoermann Press

Bank On Committees

Steering

  • Paula Connors, Community Foundation of Greater Dubuque (chair)
  • Kevin Ciesielski, Dubuque Bank & Trust
  • Eric Dregne, Community Foundation of Greater Dubuque
  • David Klavitter, Dupaco Community Credit Union
  • Todd Link, Premier Bank
  • Diana Painter, Project HOPE
  • Pete Soraparu, American Trust & Savings Bank
  • Bob Upton, DuTrac Community Credit Union
  • Nancy Van Milligen, Community Foundation of Greater Dubuque

Education

  • Kevin Ciesielski, Dubuque Bank & Trust
  • Paula Connors, Community Foundation of Greater Dubuque
  • Becky Jenkins, Operation New View
  • Erin Ludwig, ISU Extension
  • Chris Olson, Four Mounds Foundation
  • Tami Rechtenbach, Dupaco Community Credit Union
  • Phyllis Zalenski, ISU Extension

Marketing

  • David Klavitter, Dupaco Community Credit Union (chair)
  • Hillary Baker, Community Foundation of Greater Dubuque
  • Paula Connors, Community Foundation of Greater Dubuque
  • Nate Harbin, Premier Bank
  • Annie Koelker, Adverting Federation of Dubuque
  • Emily Kress, Alliant Credit Union, Health Services Credit Union
  • Tara Velez, Multicultural Family Center
 
© Bank On Dubuque. Dubuque, Iowa