Between 45 and 50 percent of Newark residents are underbanked or have no bank account. “Either because they’ve never had a bank account, or they don’t trust the bank to keep their money,” said Catherine Wilson, President of United Way of Essex and West Hudson. She says some residents have been boxed out of opening a bank account. “Because they’ve had an issue with a bank in the past and they might owe a bank some money,” Wilson said. “They end up having to use check cashing centers which takes a