The $10,000 grant will bring financial education seminars and workshops to the South Florida region just in time for Financial Literacy Month
Fort Lauderdale, FL March 29, 2013 —The Education and Community Outreach team at Consolidated Credit will go into National Financial Literacy Month armed with an extra $10,000 thanks to Comerica Bank.
Consolidated Credit, a HUD approved non-profit agency, provides financial education to those who are overburden with debt, the recently unemployed, first-time home buyers and homeowners at risk of foreclosure in Florida.
“Lack of education comes with a hefty price tag and consumers who are in financial distress have been increasing steadily over the past five years,” says Carol A Molnar, Vice President, Florida CRA Manager Comerica Bank. “Although economic conditions have been hurting many consumers the lack of financial education is a pivotal reason behind financial instability and money problems,” she continued.
This grant will underwrite seminars and will fund financial literacy efforts as well as financial counseling. “Americans need to build a secure financial future, but with debt continuously growing it has been challenging and we are very pleased Comerica Bank has stepped up to the plate to help,” says Gary Herman, President of Consolidated Credit. “April is National Financial Literacy Month and we want to help consumers expand their financial knowledge and have access to reliable financial resources and this grant will further our reach.”
The South Florida based Consolidated Credit promotes sustainable affordable housing and provides financial educational counseling to individuals, including low-to-moderate income individuals, to ensure consumers have the tools necessary to achieve financial stability.
With a mission to assist families in ending financial crisis and solving money management problems through education and professional counseling, Consolidated Credit has helped more than 5 million people find freedom from debt.
Consolidated Credit is committed to bringing financial education programs to individuals and families through partnerships with corporations such as Comerica Bank, municipalities and nonprofit organizations.
Comerica Bank, with nine banking centers in Florida, is a subsidiary of Comerica Incorporated. Comerica Incorporated (NYSE: CMA) is a financial services company strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. To find us on Facebook, please visit www.facebook.com/ComericaCares. Follow us on Twitter at @ComericaCares.