FAN CLUBS LAUNCH IN GERMANTOWN: PROVIDE FINANCIAL EDUCATION AND PEER SUPPORT

Date: 
May 6, 2013

FOR IMMEDIATE RELEASE

FAN CLUBS LAUNCH IN GERMANTOWN: PROVIDE FINANCIAL EDUCATION AND PEER SUPPORT

PHILADELPHIA, PA, April 29 – With support from Citibank, the Urban Affairs Coalition (UAC) is providing new financial education to Germantown residents under its Financial Advancement Network (FAN) Club program. FAN Clubs are designed to teach people how to improve their money-management habits and pursue their financial goals.

Each FAN Club meets for six sessions, conducted by an expert in topics such as saving for tuition, paying down debts, improving credit scores or implementing a balanced budget. FAN Club members are encouraged to share with each other their progress in reaching personal financial goals. Citibank is supporting the start up of seven FAN Clubs in Germantown.

FAN Club groups may be formed by those who share a place of employment, school, church, temple, association, or are receiving assistance from a social service agency. There are still opportunities for such institutions in the Germantown area to offer a FAN Club for their members at no cost. Organizations interested in hosting a FAN Club can contact Shayna Lear, program manager, UAC at 215-851-1740 or slear@uac.org.

“We are proud to support the FAN Clubs and bring them to Germantown,” said Donald Haskin, Pennsylvania state director, Citi Community Development. “They do what is so important today: they empower individuals to take charge of their financial lives.”

The first FAN Club in Germantown convened on April 22, hosted by Germantown Hope Community Church, located at 5029 Wayne Avenue. During their initial meeting, the Germantown Hope Community Church FAN Club members cited reasons why they joined the FAN Club, including “I spend money erratically, want to do better;” “I have a terrible time managing my money;” and “I have four kids, a single mom, and want to learn how to do things better.” The session was facilitated by Shayna Lear. Subsequent sessions will be led by Cherise Wynne, realtor, CITYSPACE.

UAC first launched the FAN Clubs in 2004 to meet the financial education needs of low- to moderate-income people. “FAN Clubs are changing money habits, enabling people to pay off debt or save for the future. We are excited to take our model to Germantown,” said Sharmain Matlock-Turner, president and CEO, Urban Affairs Coalition.

To learn more about UAC’s FAN Club program, please visit http://fan.uac.org.


About Citi Community Development: Citi Community Development (CCD) is leading Citi's commitment to achieve economic empowerment and growth for underserved individuals, families and communities by expanding access to financial products and services, and building sustainable business solutions and innovative partnerships. Our focus areas include: commercial and philanthropic funding; innovative financial products and services; and collaborations with institutions that expand access to financial products and services for low-income and underserved communities. For more information, please visit http://www.citicommunitydevelopment.com.

The Financial Advancement Network (FAN) Club is a program of the Community and Economic Department (CED) of the Urban Affairs Coalition. The CED’s mission is to bring capital to communities by building bridges between low- and moderate- income areas and mainstream financial institutions. Visit Urban Affairs Coalition at uac.org


Contact: Robin Robinowitz
Urban Affairs Coalition
267-973-1064

 

Photo Caption: Taking a break from their FAN Club session are (left to right): Kimberly A. Day, Alfred Hawkins, Lela Gilchrist (left front), Shayna Lear, Andrew Fratecelli (right back), Autumn Walsh (right back) and Minda V. Thompson. Missing is Patricia Meads. The Germantown Hope Community Church is hosting the FAN Club, sponsored by Citibank and the Urban Affairs Coalition.