New Partnership to Help South Floridians in Financial Distress
Consolidated Credit, Florida Community Bank and the NAACP Join Forces.
FORT LAUDERDALE, FL–Florida Community Bank (FCB) has earmarked $5,000 for a year-long financial education initiative to assist Consolidated Credit and the Fort Lauderdale/Broward Branch of the National Association for the Advancement of Colored People, (NAACP) the nation’s oldest and largest nonpartisan civil rights organization, in educating the public utilizing financial literacy programs focused on ending financial crisis, solving money management problems, and finding affordable and sustainable housing options.
As part of this new personal finance initiative, Consolidated Credit will provide a library of personal finance publications in English and Spanish, financial education seminars as well as one-on-one financial and housing counseling and assistance through the Hardest Hit Fund program. The NAACP will also be provided with a co-branded online web portal that will include webinars, videos, interactive calculators and helpful information for business owners and homeowners.
“At Florida Community Bank, we recognize the substantial impact that educating consumers, can have on the overall financial well-being of the communities which we serve. We proactively seek to partner with organizations like the NAACP, who have displayed a profound commitment to providing individuals and families with the relevant information and counsel that they require. We are honored to support this program,” said Nancy Merolla, Vice President and Community Reinvestment Act Officer for FCB.
“The goal of the partnership is to promote stable and sustainable housing options in Broward County which will in turn help stabilize neighborhoods including those hardest hit in the black community,” said Marsha Ellison, President of the Fort Lauderdale/Broward NAACP Branch. “Through education and professional counseling people can achieve financial security and this collaboration will play a key role in assisting individuals as they work toward attaining their financial goals,” said Torey Alston, Chair of Economic Development for the NAACP Florida State Conference and Fort Lauderdale/Broward Branch.
“The emphasis of this partnership is to educate consumers about personal finance and housing ownership concepts as well provide resources to help them to prosper,” said Gary Herman, President of Consolidated Credit. “We are thrilled to be working with the nation’s foremost civil rights organization promoting financial literacy to underserved populations,” he continued.
The partnership will kick off with two free events, Preserving Homeownership on June 8th at 3:00PM at the Riverside Hotel located at 620 East Las Olas, Fort Lauderdale, FL 33304 and a First Time Homebuyer workshop on June 15th from 9:00AM to 4:00PM to be held at the Mizell Center located at 1409 NW 6th St. Fort Lauderdale, FL 33311. The NAACP is promoting the events via their extensive communications network.
About the NAACP: Founded in 1909, the NAACP is the nation’s oldest and largest nonpartisan civil rights organization. Its members throughout the United States and the world are the premier advocates for civil rights, economic opportunity, education and healthcare in their communities.
About Florida Community Bank: Florida Community Bank N.A., is backed by the financial strength of its parent company, Bond Street Holdings, Inc., making it one of the strongest and best capitalized banks in the country. With over $3.5 billion in assets and 41 locations, FCB is the 5th largest independent bank in Florida.
About Consolidated Credit: Consolidated Credit (http://www.consolidatedcredit.org) is one of the nation’s largest credit counseling and has helped over 5 million people with financial issues. Their mission is to assist families throughout the United States in ending financial crisis and solving money management problems through education and professional counseling.