Category: IDAs and CSAs
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As Public Funding Ends, Opportunities Remain to Help People Save
Southern Bancorp is committed to encouraging healthy savings habits, encouraging policy changes that incentivize individual and family savings programs, and removing policy barriers to accessing savings. That’s because…
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Rural Economic Mobility and Wealth Building
Despite the general economic recovery in the United States, income inequality and wealth inequality are expanding. Perhaps more critically, it is becoming more and more difficult for families…
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New CFED data showing state of family economic security in Arkansas
This week, the Corporation for Enterprise Development (CFED) released its annual Assets and Opportunity Scorecard. The Scorecard provides a comprehensive look at Americans’ capacity to accumulate wealth by…
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Bringing CSAs to the Legislative Forefront in Arkansas
Promoting savings as a way of building assets has long been a focus of Southern Bancorp’s work, which is why we were so excited to read CFED President…
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Evaluating College Savings Plans
A Case Study on Arkansas and Mississippi Read Policy Points 41 here.
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Assessing college savings plans in Arkansas & Mississippi
This week, Southern Bancorp Community Partners (SBCP) released its paper, “Evaluating College Savings Plans: A Case Study on Arkansas and Mississippi,” to illustrate and examine the current options…
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Expanding Economic Opportunities in Arkansas: Lessons Learned through the Mott Foundation’s State Asset Building Coalition Learning Initiative
Last week, the Institute on Assets and Social Policy, a research institute at Brandeis University’s Heller School for Social Policy and Management, released “State Asset Building Coalitions: Perspectives…
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Southern Bancorp Community Partners Announces College Completion Matched Savings Program
Helena-West Helena, Ark. – Southern Bancorp Community Partners (SBCP) is proud to announce a new product for non-traditional students in Phillips County. This new offering is available from…
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September is National College Savings Month!
National College Savings Month is big news around Southern because we understand the close relationship between education and family economic security. In fact, one of Southern’s primary goals…
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Customers Make 1,000th Asset Purchase Through Southern Bancorp Community Partners
Southern Bancorp Community Partners Individual Development Account program is celebrating its 1,000th asset purchase by residents of 50 counties in Arkansas and Mississippi. An Individual Development Account (IDA)…