Haiti Disaster Relief Fund
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As international relief efforts begin to arrive in the areas of Haiti devastated by the country's recent earthquake, United Way of Greater Knoxville encourages a way for Knoxville residents to help locally.
The Haiti Disaster Relief Fund, administered by the international organization, United Way Worldwide, has been set up to receive monetary donations for the relief efforts in Haiti. The fund requires no overhead or administrative fees allowing 100% of every dollar raised to reach the victims and recovery efforts on the ground.
"This tragedy has the potential to be the worst natural disaster in the Western Hemisphere in modern history," said United Way of Greater Knoxville President and CEO, Ben Landers. "With over 40,000 American citizens currently in Haiti, this tragic event really hits home."
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Ten Percent of TN Families Still Don't Have Bank Accounts
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One out of every 10 Tennessee households (approximately 249,000 households) doesn't have a bank or credit union account, and those going without are more likely to be minority and low-income consumers, according to a report published in December by the Federal Deposit Insurance Corporation.
Tennessee exceeds the national average of 7.7% and ranks 51st in the nation in the number of households who are unbanked. A third of Tennessee's unbanked are African-American families.
Additionally, another 17.5% are underbanked, meaning they use alternative financial products such as payday loans, pawnshop loans, refund anticipation loans, etc...
The FDIC survey found that households with no bank accounts tend to make less than $30,000 per year and don't have anyone with a high school diploma.
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