News & Updates from the Assets & Opportunity Network

Kate Marshall Presenting on Financial Literacy
Posted on 02/25/2014

We are sharing Treasurer Kate Marshall's presentation on Financial Literacy where she discusses the Financial Literacy Pilots, the Women's Money Conferences, and the progress made on the rollout of the Nevada College Kick Start program last week in Washington D.C. [Click here]( to go to the video! Read More

Southern Bancorp Community Partners Announces College Completion Matched Savings Program
Posted on 02/25/2014

**Helena-West Helena, Ark.** --- [Southern Bancorp Community Partners]( (SBCP) is proud to announce a new product for non-traditional students in Phillips County. This new offering is available from SBCP's Individual Development Account program and is part of SBCP's ongoing effort to improve educational outcomes throughout the community.… Read More

7 Ways to Automate Your Savings
Posted on 02/25/2014

By Meg Favreau, Senior Editor of Wise Bread… Read More

Sign on to Support Nonprofit Lending in CA!
Posted on 02/25/2014

#Sign on to support SB 896!# Nearly 1 million California households do not have a checking or savings account. 57% of consumers in California have subprime credit scores, meaning they have to pay significantly more for loans. It is the time to improve access to small dollar loans in California and with the passage of SB 896, you can help do that. Join MAF in supporting **SB 896**, a bill that would help more 501c3 nonprofit organizations in California provide access to zero-interest, credit-building small dollar loans. + To read more on the bill, click [here]( + If you'd like to sign on the support letter on behalf of your organization, please fill out this [form]( For more information, please contact Tara Robinson, Chief Development Officer at and 415.670.9103. Read More

This America Saves Week: Take Action to Improve Your Financial Situation
Posted on 02/24/2014

By Katie Bryan, America Saves Communications Director.… Read More

5 Easy Ways to Get Involved in America Saves Week and Save Successfully
Posted on 02/24/2014

By Katie Bryan, America Saves Communications Director.… Read More

Coming Soon!
Posted on 02/20/2014

A new website for the Financial Empowerment Network --- Seattle-King County. With the generous support from United Way of King County, we are also transforming (and --...merging') our Bank on Seattle-King County and Seattle-King County Asset Building Collaborative (SKCABC) websites. The new look will feature pages/sections devoted to tools and resources for case managers and financial counselors. In addition, it will feature an appointment link to the new Seattle Financial Empowerment Center. Read More

We finally have a farm bill: States retain ability to eliminate asset limits
Posted on 02/18/2014

Two weeks ago, following months of negotiations, President Obama signed into law The Agricultural Act of 2014 (also known as the Farm Bill). This five-year legislation enacts policies and authorizes agriculture, trade, marketing, and other programs as well as rural development assistance. It also establishes funding levels and eligibility criteria for SNAP --- the Supplemental Nutrition Assistance Program (food stamps). Though the final bill omitted the $40 billion in SNAP cuts proposed by the House, it will still hurt many low-income families. The new version cuts $8.6 billion from the program over the next decade--"on top of the $5 billion slashed last November, which means more than 597,000 Arkansans will see further cuts to their food assistance in 2014.… Read More

GUEST BLOG: New Scorecard Confirms Nearly Half of Hoosiers in a Persistent State of Financial Insecurity
Posted on 02/14/2014

*By [Anne Guthrie]( Anne is the Center for Working Families (CWF) Program Fellow at the Local Initiatives Support Corporation (LISC) in Indianapolis. In this role she assists in leveraging outcomes for the CWF initiative by developing funding, partnerships, and outcomes management to help low-income working families reach financial stability. As part of this work, she has co-led the development of the Indiana Assets & Opportunities Network.*… Read More

Nearly half of Ohio households are one crisis away from financial devastation
Posted on 02/10/2014

***For immediate release***
**National contact:** [Kristin Lawton](, *202.207.0137*
**Ohio contact:** [Kalitha Williams](, *614.221.4505*
**Northeast Ohio contact:** [David Rothstein](, *440.668.7178*
**Southwest Ohio contact:** [Beth Race](, *513.240.6253*… Read More

Invest in Connecticut's Children
Posted on 02/10/2014

(This op-ed by CT Voices' Executive Director, Ellen Shemitz, J.D., on our policy priorities for 2014 was published by the CT MIrror. For more information, see our [policy agenda]( for 2014 and share our [PDF](… Read More

MAF Sponsors Nonprofit Lending Bill in California
Posted on 02/07/2014

Last month, our CEO, Jose Quinonez, and Senator Lou Correa (D-Santa Ana) introduced SB 896, a bill to promote nonprofit lending in the state of California. We're excited to sponsor legislation that will address the lack of affordable, financial products in California and tap into the strength of the nonprofit sector.… Read More

How Do Poor Children Compare?
Posted on 02/06/2014

Children's Defense Fund recently posted this report on how different states compare on the population of poor children. [Click this link]( to go to the report. ![Children's Defense Fund]( Read More

War on Poverty, Part I: National Antipoverty Programs Paving the Way for a Win
Posted on 02/06/2014

Guest Blogger: Yesenia Rojas… Read More

Over Half of all Arkansas Households are Financially Unstable, According to a National Report
Posted on 02/05/2014

Despite an improving national economy, 51.9 percent of Arkansans are in a persistent state of financial insecurity, according to a report released last week by the Corporation for Enterprise Development (CFED). CFED's 2014 Assets & Opportunity Scorecard defines these financially insecure residents as "liquid asset poor," which means they have insufficient savings to subsist at the federal poverty level for three months in the absence of income.… Read More

Too Many Workers Retire Into Poverty
Posted on 02/04/2014

During last night's State of the Union address, President Obama said we must do more to help Americans save for retirement. In Illinois, the need is clear:… Read More

Scorecard: Financial Security in Mississippi
Posted on 02/04/2014

Today, the Corporation for Enterprise Development (CFED) released its *[2014 Assets & Opportunity Scorecard](*, which comprehensively examines the ability of residents to achieve financial security in all 50 states and the District of Columbia, and, for the first time, policies designed to help them get there. The 2014 *Scorecard* evidences a serious problem for households today --- while some progress has been made to ensure financial security, a growing number (43.5 percent) of American families are "liquid asset poor,-- meaning they lack the means to meet their expenses for three months should a job loss or other emergency leave them without their primary source of income. In [Mississippi](, 61.9 percent of residents live in liquid asset poverty. *See Chart*.… Read More

RELEASES - 2013 Impact, Scorecard on Assets & Opportunity in Mass
Posted on 02/04/2014

The [2013 Midas Impact Report](, which details nearly $28 million in asset investments by low/moderate income matched savers, statewide trainings in financial security issues, research on best strategies, the launch of our Financial Confidence & Coaching Campaign, policy victories, a visit from Senator Elizabeth Warren, and much more.… Read More

CFED Released an Assets & Opportunity Scorecard for Florida
Posted on 01/31/2014

Nearly Half of Florida Households Are One Crisis Away from Financial Devastation … Read More

Maryland policies lead the nation, but more investments are needed
Posted on 01/30/2014

Maryland has passed important legislation to improve the financial security of Maryland families, but it is still ranked only 23rd in the overall financial security of residents.

Over 34% of Maryland families have little to no emergency savings to protect their families during a financial crisis.

Read More

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