San Francisco Office of Financial Empowerment
- San Francisco
The San Francisco Office of Financial Empowerment is housed within the Office of the Treasurer, which serves as the banker, tax collector and investment officer for the City and County of San Francisco and is led by the elected Treasurer, José Cisneros. It is one of only three municipal offices dedicated to financial empowerment in the United States. The San Francisco OFE has proven success with three groundbreaking programs: Bank on San Francisco, the Working Families Credit and Payday Plus SF. San Francisco also places a major emphasis on financial education, offering classes through the Bank on San Francisco program and convening a Financial Education Network dedicated to improving the quality of, and access to, a broad range of financial education services city-wide. Current efforts are focused on an employer engagement initiative to increase the take-up of direct deposit citywide, and a children’s savings account project to put all public school children on the path to college savings.
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