This Executive Summary highlights key findings from a three-year evaluation of the Financial Empowerment Center initiative’s replication in 5 cities (Denver, CO; Lansing, MI; Nashville, TN; Philadelphia, PA and San Antonio, TX). Financial Empowerment Centers (FECs) offer professional, one-on-one financial counseling as a free public service. The evaluation draws on data from 22,000 clients who participated in 57,000 counseling sessions across these first 5 city replication partners, and provides additional evidence of the program’s success.
The CFE Fund is holding a series of webinars about the evaluation; register now. Local government leaders can apply now to bring the FEC model to their residents through a new CFE Fund grant opportunity, which will provide selected localities up to $20,000 and significant technical assistance for 6-12 months to design and prepare for the launch of a FEC.