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YOU CAN ALWAYS BANK ON BURQUE CITY OF ALBUQUERQUE OFFERS SAFE BANKING AND FINANCIAL TIPS
April is Financial Literacy Month and we met with Jordan Gutierrez of BankOn Burque, which is part of a nationwide initiative making it easy and affordable to get a bank account. Gutierrez works to get unbanked and underbanked Burqueños access to safe banking and helpful financial education resources. Gutierrez was born and raised in Albuquerque and says public service is his true vocation; helping families keeps a smile on his face. Here are some insights he shared with us:
■ Being unbanked or underbanked means it’s harder to be financially stable, establish credit, and increase your savings
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■ Unbanked consumers are 6x more likely to use expensive checkcashing services
■ BankOn actively focuses on minority populations and lower income families most affected by language barriers, lack of information, or poor prior banking experiences
■ BankOn’s certified accounts don’t have overdraft fees, low balance fees, or inactivity fees
■ BankOn partners with the City of Albuquerque’s Policy Office, financial institutions, and community organizations like Prosperity Works and YDI
■ New Mexico is ranked 49/51 for unbanked households, which means over 90,000 homes Questions? Call Jordan Gutierrez at 505.768.3726 or email jordangutierrez@cabq.gov or put your camera on the QR code.
