The free training program offers an opportunity to launch a career in banking to individuals with barriers to employment
CHICAGO, June 8, 2016 – BankWork$™ announced today that it has partnered with Association House of Chicago to expand to Chicago to offer its eight-week free training program that places low-income young adults and those with barriers to employment in jobs in the financial services industry. BankWork$™ already offers the program in six cities across the country – Los Angeles, Seattle, San Francisco, Phoenix, Portland, Ore. and Houston – and will also expand to Denver and Chicago later this year.
“BankWork$™ has propelled more than 1,000 graduates across the country into careers in the financial services industry,” said Colleen Anderson, Executive Director at BankWork$™. “These jobs as bank tellers, customer service representatives and personal bankers are a path to stability and are stepping stones to rewarding careers in the financial services industry.”
BankWork$™ partners with leading nonprofit vocational training organizations in each market who deliver the program locally. The eight-week course equips graduates with the hard and soft skills needed to become qualified candidates for in-demand jobs at local bank branches. The program has a 72 percent placement rate, and 82 percent of graduates placed in jobs in the financial services industry remain employed six months after graduation.
“The banking industry is always in search of the best talent,” said William Fanter, Senior Vice President, Chicago Region Manager at U.S. Bank. “BankWork$™ graduates are unique because they arrive on the job ready to go from day one, and they are committed to this industry. The program is able to provide candidates from a diverse set of backgrounds, and that’s important to the banks.”
Association House of Chicago is a historic settlement house serving the community for over a century to offer human services programs that address both immediate needs and long-term personal development. Association House works with a multicultural, largely Latino and African-American population of all ages in Chicago’s under-served neighborhoods.
“There is often a gap between earning a high school diploma and having the skills and confidence needed to start a professional career,” said Harriet Sadauskas, President of Association House of Chicago. “The training provided by BankWork$™ will prepare individuals for a sustainable career with the possibility for advancement. It’s an opportunity that could be a life-changer for many of the people that we serve.”
BankWork$™ was started in 2006 in Los Angeles by The Sheri and Les Biller Family Foundation in partnership with regional workforce development leader JVS Los Angeles. The program currently has operations in Los Angeles, Seattle, San Francisco, Phoenix, Portland, Ore. and Houston. As part of a five-year, $4 million national expansion in partnership with Bank of America, U.S. Bank, Wells Fargo, and the Sheri and Les Biller Family Foundation, the program is expanding to Denver and Chicago later this year and will be in 12-15 markets by 2019. For more information, visit www.bankworks.org.
About Association House of Chicago
Association House of Chicago is a non-profit organization offering human services programs that address both immediate and personal development needs. Based in Greater Humboldt Park, Association House works with a multicultural, largely Latino and African-American population of all ages in Chicago’s under-served neighborhoods. Association House offers immediate assistance and helps participants achieve independence through programs across five service areas: Community Services, from basic needs to adult education and pre-employment training; Behavioral Health offering support and mental health services; Child Welfare; Prevention & Education Development programs, including health & nutrition education; and Association House High School, which offers support to remove barriers for students seeking a second chance to earn their diploma. These bilingual, evidence-based programs, conducted by seasoned staff in a caring, welcoming environment, provide a cohesive safety net for nearly 20,000 Chicagoans each year. Find out more at www.associationhouse.org.