The City of Akron forthcoming financial empowerment centers, in partnership with United Way, will provide financial coaching to individuals, helping them to acquire the skills to budget and save, develop healthy banking relationships and raise their credit scores.
Thousands of Akron households struggle with large amounts of debt and lack of information and resources to help them better their financial prospects. By delivering one-on-one financial counseling, the Financial Empowerment Center model offers a variety of effective strategies to help those most in need of critical financial planning.
Financial empowerment strategies span four key disciplines:
Asset Building - Weathering financial shocks and setbacks while saving for the future is a critical step toward financial security.
Banking Access - Accessing a safe, affordable account is key to joining the financial mainstream and keeping earnings secure by saving.
Consumer Protection - Protecting assets from predatory practices.
Financial Education And Counseling - Professional financial counseling can tangibly improve household financial stability, especially when integrated into social services.
The City of Akron, United Way and Huntington Bank will launch Summit County’s first Financial Empowerment Center in Kenmore
Set to open in the first quarter of 2018, the Financial Empowerment Center in Kenmore will directly support United Way’s Bold Goals, which seek to improve key conditions in the local community by 2025. For its Bold Goal #3, United Way is working to financially empower 11,000 Akron residents, especially those who are working, but who are struggling to get traction financially. This is being made possible by Huntington Bank’s donation to United Way of its Kenmore branch at 1060 Kenmore Blvd. The 4,000-square-foot facility will provide a venue for financial counselors – hired and trained by United Way – to meet with local residents.
Read about our forthcoming Kenmore Financial Empowerment Center:
Find out more about Financial Empowerment Centers