Capital Bikeshare Launches Bank on DC Partnership Program

For Immediate Release
Friday, December 16, 2011
Media Contacts:  John Lisle (DDOT) at 202-671-2004
              Chris Eatough (BikeArlington) at 703-862-8302

Capital Bikeshare Launches Bank on DC Partnership Program Will Offer Membership Discount to Individuals who Sign up for Debit or Credit Card

(Washington, D.C.) Today, Capital Bikeshare, in conjunction with Bank on DC, United Bank and the District Government Employees Federal Credit Union (DGEFCU), announced the launch of its Bank on DC program, which will offer $50 annual memberships to unbanked individuals who sign up for a debit or credit account at United Bank or DGEFCU. In addition, existing Bank on DC members will also be offered the $50 annual membership rate.

Currently an annual or casual member must have a credit or debit card to use Capital Bikeshare’s 1,100 bikes at more than 130 stations. The Bank on DC program will allow Capital Bikeshare to better reach members of underserved communities, and give them a $25 deduction from the regular fee for an annual membership.
Bank on DC targets those unbanked and underbanked residents who would otherwise use non-traditional means of savings and finance. Residents eligible for a Bank on DC account have either never had a checking or savings account, have ChexSystem history, or do not have direct deposit.

The partnership was conceived to promote a healthy and environmentally-friendly form of transit, along with the benefits of financial stability and security. 

“Capital Bikeshare has been a tremendous success,” said Terry Bellamy, Director of the District Department of Transportation (DDOT). “The launch of the Bank on DC partnership reflects our commitment to spreading this transit system’s convenience, accessibility and affordability to all of our neighborhoods, communities and residents.”

“The expansion of access of Capital Bikeshare in this meaningful way will provide our residents another opportunity to take advantage of this wonderful transit option,” said Victor L.  Hoskins, Deputy Mayor for Planning and Economic Development (DMPED). “Additionally, we applaud United Bank and DGEFCU for their continued efforts in helping residents eliminate the barriers to achieving their financial goals. “

Signing up for a Capital Bikeshare membership in the Bank on DC program is easy and convenient. Individuals simply need to speak with a representative at any United Bank or DGEFCU location to open up their new debit or credit account and will then receive a $25 gift certificate good towards the cost of an annual Capital Bikeshare membership. You can either sign up online at capitalbikeshare.com/signup and enter your code in the “Reedem a Gift Certificate” box or call Capital Bikeshare at 1-877-430-2453 and provide your gift certificate number to a customer service representative. Individuals will then be mailed an annual membership key.

For additional information on the program, please visit www.capitalbikeshare.com/bankondc
Partners
Bank on DC is a collaborative effort between the District Government, financial institutions, and non-profits whose mission is to provide mainstream access to financial services, products, and financial education to unbanked and under-banked households in the DC Metro Area. For more information about Bank on DC, visit www.bankondc.org
United Bank serves more than 6,900 District of Columbia and Arlington County households and has seven office locations in the District and three in Arlington. Its locations are listed below.

Organized in 1954, DGEFCU is a democratically run, not-for-profit financial cooperative offering affordable financial services, education, and credit to working families. DGEFCU serves over 11,000 members, including District Government employees, retirees, and their immediate family members. It has three branch locations in the District. Information about the partnership with Capital Bikeshare is available on the DGEFCU website at www.dgefcu.org/bikeshare.htm.

United Bank Locations in the District:

G STREET OFFICE
1001 G Street, NW
Washington, DC 20001

INTERNATIONAL SQUARE OFFICE
1875 Eye Street, NW
Washington, DC 20006

K STREET OFFICE
1667 K St., NW
Washington, DC 20006

M STREET OFFICE
2301 M Street, NW
Washington, DC 20037

PENNSYLVANIA AVENUE OFFICE
1275 Pennsylvania Ave., NW
Washington, DC 20004

SPRING VALLEY OFFICE
4900 Massachusetts Ave., NW
Washington, DC 20016

COURTYARD by MARRIOTT NORTHWEST
1900 Connecticut Ave., NW
Washington, DC 20009

United Bank Locations in Arlington:

LEE HARRISON OFFICE
5335 Lee Highway
Arlington, VA 22207

QUINCY PLAZA OFFICE
907 N. Quincy Street
Arlington, VA 22203

SOUTH ARLINGTON OFFICE
2300 Ninth Street
South Arlington, VA 22204

DGEFCU Branch Locations:

Reeves Center Branch
2000 14th Street NW, Second Floor
Washington, DC 20009

Municipal Center Branch
300 Indiana Avenue NW, Room 1128
Washington, DC 20002

ACCESO Branch
3059 Mount Pleasant Street NW
Washington, DC 20009

Capital Bikeshare is the product of a unique public/private partnership between DDOT, Arlington County and Alta Bike Share.  The two jurisdictions worked closely with Alta Bicycle Share to develop the program in the fall of 2010, offering the first regional bikesharing service in the nation.  Based on the initial success of the program, both jurisdictions are now adding additional stations and bicycles and the city of Alexandria is expected to launch a pilot program in 2012. For more information about Capital Bikeshare, visit http://www.capitalbikeshare.com.