Today, the national Cities for Financial Empowerment Fund awarded the City of South Bend a $150,000 grant to support the launch of its Financial Empowerment Center. The South Bend Financial Empowerment Center (SBFEC) will offer no-cost, one-on-one financial counseling for South Bend residents and is the first of its kind in Indiana. At the SBFEC, professionally trained FEC counselors will help individuals and families with low and moderate incomes manage their finances, pay down debt, increase savings, establish, and build credit, and access safe and affordable mainstream banking products.
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