Local non-profit opens Financial Empowerment Center in Jackson
JACKSON, Tenn. (WNBJ) - The United Way of West Tennessee held its grand opening for its Financial Empowerment Center today in Jackson. That center was created to help residents take control of their finances.
The Financial Empowerment Center is a joint partnership between the city of Jackson and the United Way of West Tennessee to provide free financial counseling to residents across west Tennessee.
“It is a premier service providing excellent opportunities for people in our community to be able to take a step forward in life,” said Matthew Marshall, President, and CEO of United Way of West Tennessee.
This program has been implemented in other areas and the city says it has been beneficial.
“So, we joined a group of about two dozen cities across the country who have these types of centers in their communities, specifically we looked at Nashville as the model first. Since 2013 they’ve been in operation, and they’ve seen almost 10,000 clients. Those clients have collectively reduced their debt by 13 million and increased their savings by three million. That’s a huge local impact for the local economy and that’s the kind of impact we hope to have in Jackson,” said Lauren Kirk, the Director of Performance Management with the city of Jackson.
At the center, professionally trained counselors will help people manage their finances, pay down debt, increase savings, establish and build credit, and access safe and affordable mainstream banking products.
One of the counselors talks about the work he will be doing for the community.
“Money just happens to touch almost every aspect of someone’s life and so if someone can be financially stable if somebody can be in a healthy place then that brings health to most of the other places of their life too,” said Jordan Howerton, one of the certified financial counselors with the Financial Empowerment Center.
The Financial Empowerment Center is now taking appointments and you can book your appointment at their website.