Banking & Finance

:
Trumbull United Way Launches Financial Education Program

April 30, 2015

WARREN, Ohio – United Way of Trumbull County is launching a partnership of financial institutions and nonprofits to help families and individuals manage money.

The initiative, named the Trumbull County Partnership for Financial Empowerment, results from the United Way chapter surveying more than 40 local agencies.

“There are families and individuals here in Trumbull County who are running out of money before the end of the month,” said Ginny Pasha, president of the United Way of Trumbull County. “The need for rent and utility assistance coupled with food insecurity places a strain for services on our local health and human service agencies.”

In Trumbull County, the annual household earning averages $42,886, and in the city of Warren that number is $29,218, she noted.

The partnership identified a need for basic financial education for senior citizens and for veterans returning to civilian life after a military career, Pasha continued. According to a recent report by the Center for Community Solutions, nearly 17% of those in Trumbull County over age 60 live in or near poverty.

The Trumbull County Partnership for Financial Empowerment will provide access to basic financial education and free income tax preparation.

Participating businesses and organizations include Apprisen, Catholic Charities Regional Agency, Cortland Banks, Farmers National Bank, Junior Achievement of the Mahoning Valley, SCOPE of Trumbull County, Seven Seventeen Credit Union, Someplace Safe, Trumbull Metropolitan Housing Authority, and the YWCA of Warren.

The Partnership for Financial Empowerment is the second new program that is part of United Way of Trumbull County’s targeted impact work, Pasha noted. Last year the chapter launched Reading Great by 8 Early Literacy Initiative.

Published by The Business Journal, Youngstown, Ohio.