New data report on research on savings outcomes at Financial Empowerment Centers
The Nashville Financial Empowerment Center helped Adrienne improve her credit and buy a home.
Through FEC Public, the CFE Fund and Bloomberg Philanthropies announces the first 12 of as many as 50 local governments to replicate this proven municipal financial counseling model.
This brief summarizes findings about the FEC counseling process in the five FEC replication cities and details the relationships between FEC counselors and clients, as well as other critical aspects of the model, such as the hiring process and counselor training.
"In just over a month, my credit score went from 633 to 739. I can't begin to tell you all the ways my life has changed because of that help and this program. It has been life altering and I am forever grateful.”
This brief highlights how banking status mattered for FEC clients’ success. It also details unbanked clients, what they achieved during counseling, banking outcomes for all FEC clients, and why products matter for programs seeking to improve banking access.