The Financial Capability Partnership Initiative (FCPI) is a three-year initiative, launched in 2013 by the Federation and the Center for Financial Services Innovation (CFSI) to advance financial capability in underserved communities through the integration of CDCU products into social and human service delivery. Through the Initiative, pilot partnerships in three cities are developing and refining sustainable models for financial capability integration :
- MyPath, Self-Help Federal Credit Union, and Year Up – Integrating financial coaching programs and credit
union products with award-winning workforce development programs for low-income youth ages 18-24 in San Francisco, California.
- The Community Builders and South Side Community Federal Credit Union – Engaging and supporting income-earning residents of a Work First Community Housing property with direct financial coaching and access to responsible financial products in Chicago, Illinois.
- Kingdom House, Prosperity Connection, and St. Louis Community Credit Union – Incorporating financial education and one-on-one counseling into settlement house social service provision, focusing on debt reduction, asset building, and youth financial education in St. Louis, Missouri.
FCPI is made possible through grant support and a $1.5 million program related investment from the Kresge Foundation.