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Jan-12th

Access to banking key to Hartford’s revival that is north-end

Access to banking key to Hartford’s revival that is north-end

Author: Rex Fowler

No television teams or reporters had been here final summer whenever a local credit union exposed a unique branch on North Main Street in Hartford’s northeast neighborhood. But make no blunder, this is certainly one of 2015’s biggest wins for the Capital City, and something that features more potential to make the tide for financially-strapped, north-end residents than any ballpark, resort, or casino that will garner headlines regarding the front pages or buzz that is generate social networking.

The Hartford Municipal Employee’s Federal Credit Union (and you also thought Yard Goats had been a tough title to swallow) moved in to a vacant building which had formerly served as a branch for just one of America’s biggest banking institutions.

perhaps not that sometime ago there have been four bank branches into the three densely populated north-end neighborhoods that now constitute the newly designated “Promise Zone” (the communities are Northeast, Clay Arsenal, and Albany that is upper). In the last few years three associated with the four branches have quietly closed their doorways, making the 24,000 residents into the Promise Zone with what’s now called a “banking wilderness” (maybe not coincidentally three check-cashing shops have actually opened when you look at the Promise Zone during roughly exactly the same schedule). (more…)

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