Overview
Key Takeaway
Since 2008, FEC counseling services have helped over 82,000 clients – with average annual incomes of just over $21,000 – reduce debt, improve credit, open safe bank accounts, and save for the future.
This press release announces that over 82,000 people have reduced a total of $100 million in debt through municipal Financial Empowerment Centers (FECs).
The Financial Empowerment Center initiative provides high-quality, one-on-one financial counseling as a free public service. Learn more about the CFE Fund’s work to expand this model in 50 cities under its FEC Public platform.