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United Way Center for Financial Stability receives a State Farm $10,000 grant to support financial literacy classes and homeownership trainings

 

United Way Center for Financial Stability

MIAMI (March 24, 2014) – The United Way Center for Financial Stability, operated by Branches, received a $10,000 grant from State Farm to expand its financial literacy and homeownership trainings in 2014. The Center will utilize the funds to help support 100 trainings and workshops all throughout Miami Dade County, including community sites, congregations, employers and other locations to help ensure easy access to financial education.

Last year, State Farm’s grant helped support 144 trainings, where Center staff empowered more than 3,800 members of our community with budgeting, credit and debt counseling, employment services, homeownership assistance and more.

“I gained control of my finances and my credit,” said Lucille Mellerson, who first met one of the Center’s financial coaches at an offsite financial literacy workshop. “Through the seminar and one-on-one visits with my financial coach, my credit score has soared 173 points to a 780. I’ve also significantly lowered the interest rate on my car and am now a good candidate for homeownership.”

State Farm Good Neighbor Citizenship grants support community-based programs in three areas: safety, community development and education. “State Farm is a proud partner of United Way, and we are committed to helping families pave a path to financial independence and homeownership,” said Jose Soto, State Farm Community Specialist for South Florida.


NOTE TO MEDIA: Ms. Mellerson is available for interviews

About the United Way Center for Financial Stability Established by United Way of Miami-Dade in 2009, the United Way Center for Financial Stability, operated by Branches, helps working individuals and families pave a path to financial independence by providing a full range of services and support – from financial coaching and credit counseling to free tax preparation, employment assistance and more. The center works with numerous partners to provide access to comprehensive financial stability services, because increasing the financial stability of families creates a stronger, more productive workforce and a prosperous community. Bank of America is the founding partner. For more information, visit http://www.miamifinancialstability.org/

State Farm and its affiliates are the largest providers of car insurance in the U.S. and is a leading insurer in Canada. In addition to providing auto insurance quotes, their 17,800 agents and more than 65,000 employees serve 81 million policies and accounts – more than 79 million auto, home, life and health policies in the United States and Canada, and nearly 2 million bank accounts. Commercial auto insurance, along with coverage for renters, business owners, boats and motorcycles, is also available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 43 on the Fortune 500 list of largest companies. For more information, please visit http://www.statefarm.com or in Canada http://www.statefarm.ca.