1st Security Bank is pleased to announce that its 1st Step Checking account was officially certified by the national Cities for Financial Empowerment Fund (CFE Fund) as meeting the Bank On National Account Standards (2021 - 2022). The national safe account standards, co-created by consumer advocates, leading national nonprofit organizations, civic leaders, and other financial institutions, designate both core and strongly recommended features that ensure low cost, high functionality, and consumer safety.
"The Cities for Financial Empowerment Fund is delighted to award its national Bank On account certification to 1st Security Bank's 1st Step Checking account," said Jonathan Mintz, President and Chief Executive Officer of the Cities for Financial Empowerment Fund. "1st Security Bank offers Puget Sound region residents who are looking to improve their finances a safe, affordable, and truly useful mainstream banking product. 1st Security's offering of this terrific account brings them into the forefront of national banking access efforts, and we thank them."
The goal of Bank On is to ensure that everyone has access to safe and affordable financial products and services by connecting consumers to accounts that meet their needs. "We are proud to partner with the Bank On program, and to be able to provide this account option to the communities we serve," said Deanne Goff, Senior Vice President of Retail Operations and Support for the Bank.