HFLA Receives Financial Empowerment Fund from Citizens Bank | Local News
Citizens Bank will award a total of more than $ 138,000 in grants to seven nonprofits in Ohio, including Northeast Ohio’s HFLA, in an effort to help the organizations it serves make informed financial decisions. The funds will go to HFLA interest-free loans.
Through its Citizens Helping Citizens Manage Money program, Citizen aims to help communities by supporting programs that empower people to budget, save, invest and achieve their financial goals, according to a press release.
Other nonprofits receiving a grant include:
• Cleveland Neighborhood Progress for Community Financial Centers
• Empower and Empower the People of Ohio for Affordable Home Ownership Initiative
• Community business partners for the Earned Income Tax Credit Coalition
• Junior Achievement Chapters in Greater Cleveland, North Central Ohio and Mahoning County for Youth Financial Education
• United Way of Summit and Medina County for Financial Empowerment of Low to Moderate Income Akron Residents
• University Circle Inc. for essential financial information for small business owners and the Greater Circle Business Alliance
“We believe that solid financial literacy is essential to achieving your goals and achieving financial security,” Jim Malz, president of Citizens in Ohio, said in a press release. “With citizens helping citizens manage their money, we are providing members of our communities with the knowledge, confidence and resources they need to make smart financial decisions that will put them on the right track.