The Unbanked Coalition

What is the definition of “Unbanked”?
“Unbanked” is the term applied by the banking industry to some 22 million American households without accounts in financial institutions.

Who are the “Unbanked?”
22 million American households have no bank accounts.
46.7 % are African-American
34% are Latino
Click here to learn more about who the “unbanked” are.

Who is meeting this challenge?
This issue has serious implications for everyone and needs to be addressed at all levels, from community leaders to elected officials, from the K-12 classroom to the adult learner. The SC Council on Economic Education has accepted this challenge. In January 2008, the SCCEE Board of Directors formed The Unbanked Coalition. To learn more about what the Coalition is doing, click here. To get involved with the Unbanked Coalition, contact Helen Meyers at (803) 777-8677 or hmeyers@moore.sc.edu.