Financial Education Partners Network
Financial education is a key component of Bank on Seattle-King County. Our Seattle-King County Financial Education Partners Network (FEPN) was created to:
- Improve the effectiveness and quality of financial education.
- Increase access to financial education.
- Develop effective financial education models.
- Share best practices, streamline, coordinate, and promote financial education.
FEPN, like all of SKC ABC initiatives, relies on a collaborative “Action Team” whose leadership ensures there is member buy-in as they seek to improve the quality of financial education that is currently offered in the region, as well as to increase access to financial education to currently underserved populations.
Monthly workshops are hosted to improve network members’ understanding and capacity around a variety of financial education topics, including managing checking and savings accounts, budgeting, money management, setting and achieving financial goals, credit building and credit counseling, identity theft, credit cards, home ownership, foreclosure prevention, purchasing insurance, and tax preparation. Meetings also provide the chance for network members to share experiences, resources, and best practices.
Our network members are prominently featured on the Bank on Seattle-King website, www.everyoneiswelcome.org. In addition, a web-based locator tool is available on the website to help prospective clients identify the provider who can best address their needs. Clients and referring agencies may search for a network member based on topic covered, geographical location, language offered, type of setting (class, workshop, or one-on-one counseling), and target audience. FEPN members also agree to list their class offerings on the online calendar, Financial Education Calendar
Eleven FEPN members have agreed to provide a financial education series of 8 hours of classes that culminate in a certificate that can be utilized by the consumer to receive a financial incentive from one of four financial institutions participating in Bank on Seattle-King County. For more information about the incentive program, see Financial Education Providers
FEPN has two Work Groups:
Medical Debt Work Group
Medical debt is different from other forms of debt, because it is usually incurred unexpectedly when an individual becomes ill or when they have an accident. The objective of this Work Group is to look at ways we can have a financial impact on individuals and families regarding medical debt issues.
Disability Initiative Work Group
The Work Group objective is to identify and promote new collaborative opportunities to build a better economic future for persons with disabilities in our community.
The Financial Education Partners Network meets on the first Wednesday of every month from 1:35-3:35 p.m. at Centerstone, 722 18th Ave., Seattle. For more information, contact Alice Coday at email@example.com