News & Updates from the Assets & Opportunity Network

The Financial Empowerment Network | Seattle-King County has a new website!
Posted on 04/08/2014

We are thrilled to announce the launch of the Financial Empowerment Network | Seattle-King County (formerly known as the Seattle-King County Asset Building Collaborative) new website. With the generous support from United Way of King County, we have officially transformed (and "merged") our Bank on Seattle-King County and Seattle-King County Asset Building Collaborative (SKCABC) websites. The new look features pages/sections devoted to tools and resources for consumers, case managers and financial counselors. In addition, it features an appointment link to the new Seattle Financial Empowerment Center. The new site can now be accessed at Read More

The Paul G. Allen Family Foundation with a gift of 1.8 million launched the West Coast's first Financial Empowerment Center
Posted on 04/08/2014

The Paul G. Allen Family Foundation in partnership with Neighborhood House and the City of Seattle will be holding a ribbon cutting celebration for the Seattle's Financial Empowerment Center on Monday, April 14th from noon to 1:00 p.m. at Rainier Vista, 4431 Martin Luther King Jr. Way S. in Seattle. In November 2013, a $1.8 million gift from the Paul G. Allen Family Foundation launched the West Coast's first Financial Empowerment Center program in Seattle. Six new Financial Empowerment Centers have now opened their doors and begun helping vulnerable Seatteites gain fundamental financial skills such as paying down debt, increasing savings and improving credit. To learn more go to Read More

Problems with Ohio EITC: It's not refundable, it has a cap, and it's too low
Posted on 04/08/2014

Founded in 1975, the federal earned income tax credit (EITC) is our nation's most effective antipoverty program. Annually, it lifts over 6 million families out of poverty, half of whom are children. The program has traditionally had bipartisan support and rewards work, because only families with earned income can claim the credit. Last tax season, over 950,000 Ohio families claimed the federal EITC - that's 18 percent of all Ohio tax filings - and received an average refund of about $2,300. Those credits brought over $2 billion into our local communities to help working poor families take care of their basic needs.… Read More

A HOLISTIC APPROACH: United Way helps low-income families THRIVE
Posted on 04/07/2014

*The following article appeared in CultureMap Houston on February 19, 2014*… Read More

Charles Schwab Donates $10,000 to Nevada College Kick Start Program
Posted on 04/07/2014

![Charles Schwab]( Charles Schwab has made a $10,000 matching grant donation to the Nevada College Kick Start Program. Matching contributions will help Nevada families save that much more for their children --...s college education. Click this link [Schwab Bank Nevada Kick Start]( to read the press release in its entirety. Read More

Nebraska Families Can't Survive on $7.25
Posted on 04/03/2014

In general, Nebraska is state that values hard work, but earlier this week the State Legislature failed to ensure that this value is reflected in our law. In 2012, there were 32,000 workers in Nebraska trying to survive on the current minimum wage of $7.25 per hour. A bill to raise the minimum wage to $9.00 per hour failed by a vote of 20-20 in the state Legislature. The bill needed 25 votes to pass. … Read More

Efforts to Raise the Minimum Wage in Louisville and Kentucky Continue
Posted on 04/02/2014

Kentucky's current minimum wage aligns with the federal minimum wage of $7.25 an hour. In response to the growing concern that minimum wage workers need a boost to work towards self-sufficiency, several efforts are under way both locally and across the state. [A recent report by the Kentucky Center for Economic Policy]( indicated that raising the minimum wage would benefit 1 in 4 Kentucky workers and 22% of the state's children.… Read More

Catalyst Miami to Launch Lending Circles Program
Posted on 04/01/2014

With founding support from the JPMorgan Chase Foundation, Catalyst Miami announces that it will soon launch an innovative social lending program which will help financially excluded communities of Miami-Dade County gain access to the financial mainstream. Catalyst Miami's Lending Circles program will help consumers under-served by traditional banking institutions build credit, develop sound spending habits, and receive financial coaching.… Read More

Liberato: United Way initiative helping families thrive financially
Posted on 04/01/2014

##By Lynne Liberato… Read More

A Balance in Budget
Posted on 03/25/2014

Seems like all progress is one step forward and two steps back. Even with the war on poverty and building assets. [Check out this report]( to see if there is balance in Obama's budget for resources to help in saving and asset building. Read More

Kentucky Takes Positive Steps to Simplify Medicaid Enrollment Process
Posted on 03/24/2014

Kentucky Governor Steve Beshear has taken many positive steps to simplify the enrollment process to make sure eligible kids are enrolled in Medicaid and the Kentucky Children's Health Insurance Program (KCHIP). In 2009, [the Governor removed the requirement for families to have a face to face interview to enroll their children in Medicaid/KCHIP]( and allowed families to mail in applications. In 2010, the Governor [eliminated premiums for KCHIP]( that some families were required to pay. This helped reduce the cost burden that many families faced to keep their kids enrolled in KCHIP. Most recently, the [Governor recommended]( removing the requirement for children to wait 6-months to enroll in KCHIP when they are moving from private coverage to KCHIP and removing the 5-year waiting period for… Read More

Leaders in Louisville, KY Speak Up for a State Earned Income Tax Credit
Posted on 03/18/2014

A state Earned Income Tax Credit that would piggyback on the federal Earned Income Tax Credit is currently making headway in the 2014 Kentucky General Assembly with SB 155, sponsored by Senator Morgan McGarvey from Louisville. The bill has bi-partisan support. … Read More

Lending Circles in Chicago: A New Approach to Financial Empowerment
Posted on 03/17/2014

Please join JPMorgan Chase and Mission Asset Fund on Monday, March 31st to learn about how community foundations and local nonprofits in Chicago can empower low-income and immigrant communities to join the financial mainstream through Mission Asset Fund's Lending Circles program.… Read More

Women and Minimum Wage
Posted on 03/14/2014

Is it a surprise that women outnumber both teenagers and men when it comes to the highest demographic of minimum wage earners? It's true. [Click here]( to get more in-depth information on this alarming statistic. Read More

The Struggle to Save Continues
Posted on 03/14/2014

The struggle to save is still prominent with a lot of Americans. According to a recent survey, most Americans think they could be doing better to save for the future. [Click here]( to see the results of this survey. How do you think you compare? Read More

Expanding Economic Opportunities in Arkansas: Lessons Learned through the Mott Foundation's State Asset Building Coalition Learning Initiative
Posted on 03/12/2014

Last week, the Institute on Assets and Social Policy, a research institute at Brandeis University's Heller School for Social Policy and Management, released "*[State Asset Building Coalitions: Perspectives from the Field](*." The report captures the key lessons learned from a three-year State Asset Building Coalition Learning Initiative of the Charles Stewart Mott Foundation, which took place against the backdrop of the Great Recession. It uses concrete examples from ten state asset building coalitions from around the country, including Southern Bancorp Community Partners, to show how states can strengthen their residents' financial security and stability.… Read More

Program Profile: YWCA Metropolitan Chicago
Posted on 03/07/2014

"Women helping women, women supporting women, women nurturing women, women growing by leaps and bounds--" now that's empowerment. I see myself in the women I serve. I am not my sister's keeper... I am my sister.--
-Shquestra Sitawi, Manager of Economic Empowerment… Read More

Paul G. Allen Family Foundation: Disrupting Poverty: Coming Together to Build Financial Security for Individuals and Communities.
Posted on 03/04/2014

To Financial Empowerment Network | Seattle-King County partners:… Read More

2014 America Saves Challenge Events
Posted on 03/01/2014

2014 America Saves Challenge… Read More

Webinar: How the Game of Credit Perpetuates the Racial Wealth Gap
Posted on 02/27/2014

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