June 22, 2018
Mayor Melvin Carter announced in May the launch of a new Children’s Savings Account (CSA) Task Force. The private-public group will be co-chaired by Ann Mulholland, Vice President of Community Impact at the Saint Paul and Minnesota Community Foundations and Rick Beeson, EVP Director of Business Development and Government Relations at Sunrise Banks. The task force will lead community engagement, program design, and will make recommendations on how to fund and implement a future CSA program.
“Mayor Carter’s vision for creating a bright future for our community by investing in our children is one that the Saint Paul and Minnesota Community Foundations is proud to support,” said Ann Mulholland. “I look forward to working with this incredible team, and to be part of turning this vision into a reality.”
“I am honored and excited to co-chair the CSA Task Force for Mayor Carter,” said Rick Beeson. “In my time at Sunrise Banks I have seen the positive impact investing in financial wellness has on children and their families. I look forward to working with my fellow task force members to drive positive change.”
The 30-member task force will engage stakeholders from a variety of sectors including colleges, businesses, banks, birth centers, and community organizations. The group will explore and evaluate community feedback, funding mechanisms, program delivery and financial empowerment education.
Saint Paul City Council Member Rebecca Noecker will also serve on the task force. “This is an exciting time when so many people in our community are recognizing the importance of supporting our kids and are joining together on smart, new ways to do so,” said Councilmember Rebecca Noecker. “I’m happy to be part of this endeavor.”
The task force will meet on a bi-monthly basis, and will hold additional subcommittee meetings with stakeholders throughout the year. The task force plans to present recommendations to Mayor Carter and the Saint Paul City Council in January 2019.
About Sunrise Banks: Sunrise Banks, N.A., based in St. Paul, Minnesota, seeks to radically change the way urban communities and people thrive by empowering them to achieve financial wellness. Sunrise is certified by the U.S. Treasury as a Community Development Financial Institution (CDFI), a designation earned by approximately 100 banks nationwide. Sunrise Banks is also a member of the Global Alliance for Banking on Values, a public benefit corporation and is a certified B Corp for its demonstrated commitment to transparent corporate governance and positive community impact. Visit Sunrise Banks at SunriseBanks.com, on Twitter @SunriseBanks, or on Facebook. Member FDIC.