The Financial Opportunity Center (FOC) is a collaborative effort between the United Way and Local Initiatives Support Corporation (LISC). The mission of the FOC is to help working families and individuals achieve financial stability and independence.
The Financial Opportunity Center is career and personal financial service center that focuses on the financial bottom line for low-to-moderate income individuals. This means changing people’s financial behavior in a way that encourages them to make a long-term commitment to increasing income, decreasing expenses and acquiring assets. The Financial Opportunity Center provides families with services across three areas: employment placement and career improvement; financial education and coaching; and public benefits access. These core services are integrated and provided to clients in a bundled fashion in order to reinforce one another and to provide a multi-faceted approach to income and wealth building.
“We must find solutions that work for our entire community,” says Donna Jones Baker, President/CEO of the Urban League. “The Financial Opportunity Center does just that – it bolsters our economy and provides our community with financially savvy individuals on a journey toward economic self-sufficiency.”
- In 2014 our FOC has seen a 7.89% increase in the number of individuals maintaining employment for 12 months.
- The number of individuals showing an increase in their credit score increased by 50% from 2013.
- In 2014 our Ohio Benefit Bank Specialist helped our participants secure over $193,200 in income supports.
- The League’s Financial Opportunity Center served more than 600 households in a recent 12-month period. Clients increased credit scores an average of 45 points. Clients had a median net worth of negative $2,885 entering our program and an average of $8,581 after completing our program and becoming employed.