Washtenaw County, in partnership with the United Way of Washtenaw County (UWWC), is exploring the feasibility of a Washtenaw County Financial Empowerment Center (FEC). Washtenaw County was recently selected by the Cities for Financial Empowerment Fund (CFE Fund) to join a cohort of local governments working to launch this important public service in 2020.
If established, the FEC would provide free, high-quality,one-on-one financial counseling for County residents as a public service. This model is already in practice in Michigan (Lansing and Detroit), giving us models and local expertise to learn from. At the FECs, professionally trained counselors help individuals with low and moderate incomes manage their finances, pay down debt, increase savings, establish and build credit, access safe and affordable mainstream banking products and more.
UWWC and Washtenaw County are in the process of identifying local community partners, establishing an advisory board and funding experts to support this initiative with a goal of submitting a complete implementation proposal to CFE Fund in July 2020. The advisory board Kick-Off will be held on March 27, 2020; CFE Fund will also be in attendance.
For more information regarding the FEC in Washtenaw County,contact Moonson Eninsche at [email protected]