Beyond CRA: Meaningful Collaborations between
Financial Institutions and Workforce Entities

The conference, a collaboration among the New York Fed, Boston Fed and Region 1 of the U.S. Department of Labor Employment & Training Administration, included representatives of nonprofits, financial institutions, government agencies and regulators from the Fed’s 1st and 2nd Districts. Speakers addressed financial inclusion, strategies for partnership development and examples of workforce entities collaborating with financial institutions.

Among the key takeaways, participants concluded that the Community Reinvestment Act (CRA) and Workforce Innovation and Opportunity Act (WOIA) serve as unique opportunities for financial institutions and workforce entities to explore mutual goals and develop partnerships. Participants found that developing content that is relevant to different audiences is difficult for financial institutions without support from community-based organizations, and that financial institutions are open to exploring ways to partner with employers to add financial capability support into employee benefits packages.

Looking forward, the New York Fed will continue to explore ways to utilize the CRA and WOIA framework to strengthen communities in our region. An event summary report containing information collected from poll questions and discussions can now be accessed online.

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Event Details
Date and Time
Friday, September 16
8:00 a.m. - 4:00 p.m.
Federal Reserve Bank of New York
33 Liberty Street, New York, NY
By invitation only.
8:00am Registration and Continental Breakfast
8:30am Introduction

Tony Davis, Director of Community Engagement, Federal Reserve Bank of New York
8:35am Welcome Remarks

Jack Gutt, Executive Vice President, Federal Reserve Bank of New York
8:45am Lessons Learned & What's Next in WIOA

Sol Carbonell, Assistant Vice President, Federal Reserve Bank of Boston
Gerri Fiala, Deputy Assistant Secretary of U.S. Department of Labor/ETA
9:15am Reimagining Financial Inclusion for Greater Workforce Outcomes

Katy Davis, Vice President, Ideas42
10:00am Resources for Financial Institutions: Incorporating Financial Capability & Inclusion into Youth Employment Programs

Louisa Quittman, Director, Office of Financial Security, U.S. Department of Treasury
10:30am Creative Partnerships to Advance Impact

Tanya Ladha, Senior Manager, Center for Financial Services Innovation
Ann Solomon, Strategic Initiatives Manager, National Federal of Community Development Credit Unions
11:30am Break & Lunch Service
12:00pm Working Lunch: Collaborating with Financial Institutions
1:00pm Partnerships: A Key Ingredient of Per Scholas' Success

Kelly Richardson, Managing Director, Per Scholas
1:30pm Lessons of Collaboration from the Field

Tim Martin, Director of State Systems, U.S. Department of Labor/ETA

Heather Donovan, Young Adult Career Advisor, Career Center of Lowell
Kimberly Beaulieu, Financial Education Office, Jeanne D'Arc Credit Union
Denise Smith, Youth Initiatives Program Manager, Eastern Maine Development Corp.
Kendra Speed, Assistant Vice President, Branch Manager, Bangor Savings Bank
2:40pm Coffee Break
3:00pm Facilitated Group Discussions: Developing a Mutual Agenda
3:45pm Emerging Themes

Jennifer Freeman, Program Director, Jobs for the Future
4:00pm Next Steps and Concluding Remarks

Holly C. O'Brien, Regional Administrator, U.S. Department of Labor/ETA
Adrian Franco, Director of Education, Federal Reserve Bank of New York
For more information on the sessions, download the full agenda.
Workforce Innovation and Opportunity Act (WIOA)
Community Reinvestment Act
Banking Guidelines for Financial Products
Bank On National Account Standards (2015-2016)
Cities for Financial Empowerment Fund

Compass Principles for Guiding Excellence in Financial Services
Center for Financial Services Innovation

Successful Partnerships
Financial Capability
Building Financial Capability in Youth Employment Programs
CFBP, Administration for Children and Families

Can Games Build Financial Capability?
D2D Fund

Empowering Prosperity: Strengthening Human Services Impacts Through Asset Integration
Institute on Assets and Social Policy

Family Strengthening through Integration and Scaling of Asset-Building Strategies

Financial Well-Being: The Goal of Financial Education

Helping Families Achieve Financial Stability: Issue #9
National League of Cities

Increasing Youth Financial Capability: An Evaluation of the MyPath Savings Initiative
The Journal of Consumer Affairs

More Than a Job: The Five Key Financial Empowerment Touch Points for Summer Youth Employment Integration
Cities for Financial Empowerment Fund

Summer Jobs Connect: More than a Job: Lessons from the First Year of Enhancing Municipal Summer Youth Employment Programs Through Financial Empowerment
Cities for Financial Empowerment Fund

Taking the First Step: Six ways to Start Building Financial Security and Opportunity at the Local Level, National League of Cities

Youth Employment Success (YES) Briefing Packet

Youth Financial Education Curriculum Review Tool

Resource Guide for Financial Institutions: Incorporating Financial Capability into Youth Employment Programs
Financial Literacy and Education Commission

Resource Guide for Youth Employment Programs: Incorporating Financial Capability and Partnering with Financial Institutions
Financial Literacy and Education Commission

Related External Content
Tony Davis
Community Affairs Officer & Director of Community Engagement
212 720-6369

Marisa Casellas-Barnes
Community Engagement
212 720-7372

Edison Reyes
Community Engagement
212 720-8385

Kellye Jackson
Executive Assistant
212 720-1356
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