In this August 2020 press release, the CFE Fund announced that more than 50 city and county governments across the country will expand financial counseling and financial navigation services for their local residents in need.
Local governments across the country are working to help their residents weather the health and financial impacts of the COVID-19 pandemic. In many cities and counties, that means deploying their Financial Empowerment Centers (FECs), which provide professional, one-on-one financial counseling as a public service.
This issue, Issue 20, details the CFE Fund’s and city partners’ response to COVID-19. Financial Empowerment Center initiative partners pivoted to remote counseling; the CFE Fund announced a new program, the Financial Navigator initiative, to help cities provide remote financial triage and referrals; and Bank On coalition partners shared information about safe bank and credit union accounts that could be used to receive stimulus and other emergency payments.
A summary of the FEC Counselor Training Standards
The CFE Fund's Supervitamin Quarterly newsletter provides regular updates about our work.
Presentation of new research on savings at Financial Empowerment Centers
Report of new data results on savings outcomes at Financial Empowerment Centers (FECs)
The CFE Fund announces the first cohort of 12 local government partners to replicate the proven Financial Empowerment Center model.
This brief summarizes findings about the FEC counseling process in the five FEC replication cities and is excerpted from the CFE Fund’s full report, An Evaluation of Financial Empowerment Centers: Building People’s Financial Stability As a Public Service.
This brief details banking outcomes in the five FEC replication cities, and is excerpted from the CFE Fund’s full report, An Evaluation of Financial Empowerment Centers: Building People’s Financial Stability As a Public Service.