Financial Center's Plan to Help Indy's Workers Affected by the Furlough
Between 300,000 and 800,000 federal government workers may soon feel financial consequences from the mandated federal government shutdown that went into effect early this morning. Affected Hoosiers may already be worrying about how the furlough will affect their ability to balance their bank accounts or even pay bills.
As a Credit Union that serves those who serve others, Financial Center is helping its members affected by the furlough maintain their financial stability with a number of tools and programs.
"Worrying about whether or not you're going to be able to make your next loan payment is stressful - especially when the situation is completely out of your hands," said Kevin Ryan, Financial Center's CEO and President. "Financial Center wholeheartedly believes that it's our job to help members achieve financial success, and we want our members to know that we're here to help them any way we can."
In anticipation of the furlough going into effect, Financial Center emailed its membership yesterday to remind them of the free resources available to them.
- Financial Center employs 15 Certified Financial Counselors in its branches who meet with members to help them see their financial big picture. These individuals work to find ways to improve credit, trim expenses, restructure debt, and prioritize spending.
- Financial Center offers a free online budget management tool to its members - allowing them to view their entire financial picture in one place, set savings goals and track progress towards meeting goals, and gain a better understanding of how they spend their disposable income.
- Financial Center members have access to investment and insurance professionals who can answer questions and ensure what they have is properly protected.
- Financial Center provides free monthly financial wellness seminars at its 56th Street location and weekly financial basics seminars in Spanish at the Mexican Consulate's Office downtown.