United Way wins grant from Wells Fargo

September 2, 2018 by  

Wells Fargo has awarded a $50,000 grant to United Way of Summit County, which it will use to improve services at the Financial Empowerment Center in Akron.

The Financial Empowerment Center (FEC) provides free counseling individually to Akron residents who are either underserved by the banks, or do not use them. The grant will help fund the counseling effort and other services, such as assisting people to prepare their income taxes, and analyze credit reports. The goal of the center is to help residents of Akron reduce debt, increase their assets, and set up a budget for the future. Wells Fargo’s Jason Sutton said the grant will help as many as 11,000 low-t- middle-income people in Akron achieve financial success.

The center was developed jointly by Akron, United Way of Summit County, and the Huntington National Bank, which donated the property in which center is located. Akron officials say they are planning to develop more centers. Operators of new facilities like this will need business cards for their employees.

Certified financial counselors, who were trained by United Way, staff the FEC, where the Bank On Rubber City and the United Way’s Volunteer Income Tax Assistance Program initiatives are housed. Bank on Rubber City—one of Akron’s nicknames—is part of the Cities for Financial Empowerment Fund, a nationwide effort to help people find affordable, safe, financial services. The Cities for Financial Empowerment fund gave Akron a $20,000 grant to set up the center.