BankPlus Notches Top American Bankers Association Award
Ridgeland, Miss.-based BankPlus is the winner of the American Bankers Association Community Commitment Award in the Nontraditional Borrower and Underbanked category. BankPlus was honored for turning people who thought a bank loan or checking account was beyond their reach into customers. Their CreditPlus product provides borrowers a small-dollar, short-term loan designed as an alternative to payday loans. Since launching CreditPlus in 2008, BankPlus has signed up 22,223 unbanked or underbanked Mississippians who attended one of 642 money-management sessions. "What’s great about this is that they are showing results in what they are doing,” said Corey Carlisle, the ABA’s senior vice president for bank community engagement.