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Ill. CUs Join State Treasurer Venture on Unbanked

The Illinois State Treasurer is teaming up with credit unions and banks to promote low-cost or free "second chance" accounts to underserved minorities under the "bank on" program.

By Jim Rubenstein | Updated on October 11, 2009

The Illinois State Treasurer is teaming up with credit unions and banks this month to promote low-cost or free “second chance” accounts to underserved minorities under the so-called “bank on” program started three years ago by the San Francisco City Treasurer.

More than half a dozen CUs in Rockford and northern Illinois communities have signed up for the program, unveiled at press briefings last week, and coordinated by treasurer Alexi Giannoulias in Rockford and Aurora.

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