Saving To Save:

BWM has established a strong family oriented savings plan. One that provides for three (3) levels of savings:

  • Short term (catastrophe’s)
  • Mid range (vacation’s and future purchases)
  • Long range (education, retirement inheritance)

All family participants set up a mandatory primary savings plan to save 10 cents (a dime) out of every dollar that is earned or obtained by each member of the family. BWM will align its programming with existing matching based Individual Development Accounts (IDA). These savings programs promote community based asset building services to underserved populations that have traditionally been considered un-banked. The objective is to encourage savings and offer an opportunity for low income families to accelerate building up enough money to:

  • Purchase Homes
  • Start or Expand a Business
  • Education Expenses

 


Equal Opportunity LenderEqual Housing Opportunity