underbanked | KERA News

underbanked

Courtney Collins / KERA news

Until last month, West Dallas had just one brick-and-mortar bank out on the fringe of the neighborhood, near the interstate.

A new bank branch wants to build a relationship with the heart of the community: low- and middle-income families who've lived there for decades.

shutterstock

Recent FDIC numbers show statewide, fewer people are what’s known as “underbanked." Translation: not being able to access mainstream credit. In North Texas, however, those numbers continue to rise.

One nonprofit is working to turn that tide—one low interest loan at a time.

In KERA’s series One Crisis Away: Inside a Neighborhood, we look at the high price of being poor in a place called Jubilee Park. The Dallas neighborhood is sandwiched between Interstate 30 and Fair Park.