National Federation of Community Development Credit Unions and Equifax Open Financial Capability Center in Atlanta’s Historic Westside
On the Rise Financial Capability Center offers affordable banking services, education programs to help residents achieve financial goals
New York, NY, April 218 2017 – The National Federation of Community Development Credit Unions (Federation) and Equifax Inc. (NYSE:EFX) today announced the opening of the On the Rise Financial Capability Center in Atlanta’s historic Westside communities. The Center, located at 810 Joseph E Boone Blvd., NW, will provide Atlanta’s historic Westside community with affordable banking, alternatives to payday loans, affordable home mortgages, and a suite of financial services designed to empower residents to achieve their financial goals.
The Center is a flagship for the Pathways to Financial Empowerment program, a Federation program designed to strengthen and expand the provision of financial counseling in the credit union field, integrate counseling with financial products, and track and demonstrate impact.
“One of the best ways to strengthen communities and enable access to credit is by ensuring residents have the means and educational resources to make sound financial decisions to prepare for key milestones in life,” said Dann Adams, President of Global Consumer Solutions at Equifax. “For this project, Equifax has been a committed partner in providing access to affordable financial products to help Westside residents achieve their goals.”
For the past two years, the Equifax Foundation and Community Affairs staff, in concert with The Arthur M. Blank Family Foundation and other key partners, has been on the ground in the Westside developing a long-term strategy focused on improving the financial futures of the families in the community. Invest Atlanta, the City of Atlanta’s economic development agency, has awarded a Westside Tax Allocation District Community Improvement Fund grant to provide equipment and furnishings for the Center.
The Center recently began holding group financial education classes, one-on-one financial counseling and coaching, education for home ownership, and access to financial products and services. 1st Choice Credit Union, BOND Community Credit Union, Credit Union of Atlanta, and Peach State Federal Credit Union will help staff these educational activities and provide additional support with financial products and services.
“The much-needed financial resources and education On the Rise Financial Center provides will allow residents to participate and benefit from Westside Atlanta’s revitalization,” said Cathie Mahon, President and CEO of the Federation. “We are grateful for the community collaboration with local community development credit unions and Equifax, to create the Center and offer residents of the Westside a powerful financial education platform and complimentary credit union tools which will help them seize a stronger financial future.”
While currently located at 810 Joseph E Boone Blvd., NW, the Center partners are in consultation with the long-standing Westside community agency, Quest Community Development Organization, on the design of a permanent Center location that would bring the Center into alignment with other community assets in the near future.
The Federation is a certified Community Development Financial Institution with a mission of helping low- and moderate-income people and communities achieve financial independence through credit unions. The partnership with Equifax was announced in June 2016.
Equifax is a global information solutions company that uses trusted unique data, innovative analytics, technology and industry expertise to power organizations and individuals around the world by transforming knowledge into insights that help make more informed business and personal decisions. The company organizes, assimilates and analyzes data on more than 820 million consumers and more than 91 million businesses worldwide, and its database includes employee data contributed from more than 7,100 employers.
Headquartered in Atlanta, Ga., Equifax operates or has investments in 24 countries in North America, Central and South America, Europe and the Asia Pacific region. It is a member of Standard & Poor’s (S&P) 500® Index, and its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. Equifax employs approximately 9,500 employees worldwide.
Some noteworthy achievements for the company include: Named to the Top 100 American Banker FinTech Forward list (2015-2016); named a Top Technology Provider on the FinTech 100 list (2004-2016); named an InformationWeek Elite 100 Winner (2014-2015); named a Top Workplace by Atlanta Journal Constitution (2013-2016); named one of Fortune’s World’s Most Admired Companies (2011-2015); named one of Forbes’ World’s 100 Most Innovative Companies (2015-2016). For more information, visit www.equifax.com.
About the National Federation of Community Development Credit Unions
The National Federation of Community Development Credit Unions is a certified CDFI Intermediary representing community development credit unions (CDCUs). The Federation and Neighborhood Trust Financial Partners launched Pathways to Financial Empowerment in 2015, a new initiative to support and measure the impact of credit union financial counseling for low-income consumers.
The Federation’s member CDCUs provide credit, savings, transaction services and financial education to nearly 6 million residents of low-income urban, rural and reservation-based communities across the US, and hold over $60 billion in community-controlled assets. Founded in 1974, the Federation is headquartered in Lower Manhattan with offices in Madison, WI. We offer a wide range of advocacy, educational, training, investment, marketing, and outreach programs to support and assist CDCUs. For more information about the Federation and its programs, please visit www.cdcu.coop.
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