Drexel University

The Center for Hunger-Free Communities

Solutions Based on Science and the Human Experience
Gym benefits

That is the YMCA--through your medical coverage you can join the Y. They actually will pay for you to get a membership to the Y as a way of reducing more health problems,  a way to keep them from forking out more money if you get overweight and start developing more medical problems. I think it’s a good way to relieve stress, too. You know, you get to go the gym and you get to work out, you just get some free time to clear your head for a couple hours.

Banking

A significant segment of the American population remains either unbanked (i.e. without a checking or savings account) or underbanked (i.e. having a bank account but also relying on alternative financial services). In 2009, the Federal Deposit Insurance Corporation(FDIC) reported that one in four U.S. households are either unbanked or underbanked – representing approximately 60 million adults. Instead of performing financial transactions in the traditional banking system, the unbanked and underbanked often depend on the more costly alternative financial sector, which consists of pawnshops, payday and short-term lenders, tax preparers, check cashing establishments, and rent-to-own facilities.

Current Issue

Many families are hesitant to participate in traditional banking for fear of hidden fees and minimum balance requirements.

Bank on Philadelphia is a unique partnership with banks to provide no-fee accounts for low-income families. It is important for all community-based organizations and social services agencies to know about and refer families to these banking opportunities.