The vision forward.

At its core, FAIR aims to unlock financial opportunity by helping move from wealth-stripping financial products to ones that build wealth. We hope to ultimately shift the financial ecosystem.

  • The Northwest Area Foundation convened cross-sector leaders to think boldly about financial inclusion in Minnesota
  • FAIR was imagined
  • Prepare + Prosper assumed leadership of FAIR
  • Center for Financial Services Innovation (CFSI) was hired to conduct national marketplace scan to identify similar products and financial providers
  • Prepare + Prosper listened to 150+ consumers to learn what works and doesn’t work for them in financial products and services
2015 and 2016
  • Held a competitive search for a financial institution partner
  • Selected the former Guaranty Bank as financial partner
  • 53 people enrolled in 104 FAIR products during a test phase
  • Guaranty Bank was shut down by the OCC on May 5
  • Held second competitive search for a financial institution partner
  • Selected Sunrise Banks, N.A., Member FDIC as new financial partner in May
  • Launch pilot phase in June, aim to reach 100 people with 4-6 new distribution locations in the Twin Cities
  • Fully launch FAIR, aim to reach 500 people with 15-20 distribution locations across Minnesota
  • Start to recruit and vet national distribution network for FAIR
2020 and beyond
  • FAIR is scaled nationally and available across the U.S.