Local Strategies for Overcoming Bank Exclusion in Inner-city Winnipeg Two Faces of Poverty Conference, U of Wpg 4 November 2008 Local Strategies for Overcoming Bank Exclusion in Inner-city Winnipeg Participants: Jerry Buckland, Menno Simons College Andrew Douglas, SEED Winnipeg Blair Hamilton, Dunganon Consulting Debra Joyal, Community Financial Services Centre

Summary This workshop seeks to explain the concept & reality of financial exclusion in Canada & Winnipeg, points to limitations in laws directly related to bank access and then examines efforts in Winnipeg to address financial exclusion.

Outline Introduction: Jerry Buckland Origin of Local Responses to Bank Exclusion: Blair Hamilton The Community Financial Services Centre: Debra Joyal Asset Building Programs in Winnipeg: Andrew Douglas Questions & Discussion

Introduction Financial Exclusion Concept Unbanked & Under-banked Financial Services Continuum

Introduction Financial Exclusion Data Overall Low-income, Ethnicity & Gender Factors

Introduction Financial Exclusion Local Reality Bank Branch Closures Fringe Bank Openings

Introduction Financial Exclusion Local Reality Number of Selected Fringe Financial Services and Mainstream Banks/Credit Union Branches in Winnipeg's North End, 1980-2003

Directly Related Laws & Regulations Introduction Directly Related Laws & Regulations Federal: Access to Basic Banking Regulations

Directly Related Laws & Regulations Introduction Directly Related Laws & Regulations Provincial: Consumer Protection

Introduction Directly Related Laws & Regulations Strengths & Limitations

Winnipeg Projects that Respond to Bank Exclusion Alternative Financial Services Coalition North End Stella North End Community Renewal Corporation Assiniboine Credit Union, Head Office

Winnipeg Projects that Respond to Bank Exclusion Asset Building Programs SEED Winnipeg’s Financial Foundations Office (closed) SEED Winnipeg New Consolidated Office

Winnipeg Projects that Respond to Bank Exclusion Community Financial Services Centre CIBC Branch Closed 2003 Community Financial Services Centre, Winnipeg, Mt. Carmel Clinic Expansion with in old CIBC Branch

CFSC- Clients Key Findings Value the CFSC ID card Feel welcome at the CFSC Immediate access to cash with direct deposit Increased safety and crime prevention – without carrying cash

CFSC - Demographics 57% Women, 43% Men 50% Aboriginal, 33% Caucasian 17% Visible Minorities 48% Single Parents (2/3 Women) 43% Working Poor 57% EI or EIA 33% Disabilities