Many of Mission Central's guests have a difficult time using banking services. Low credit ratings, high service fees, and minimum deposits make it impossible for many families to open checking and savings accounts.
BBVA Compass has created products that provide our guests the option to open and utilize banking products like checking and savings accounts. Having these accounts allows our neighbors to have their wages direct deposited and to save their money in a safe place. To help our guests have access to these products, representatives have been visiting our Community Resource Center once a week to explain the products, as well as to gauge interest in offering budgeting and financial management classes for our guests in the future.
Accessible banking and budgeting education help empower our neighbors to improve their own quality of life. Thanks to BBVA Compass for working with our guests to move toward a more secure financial future.