NEW YORK, Nov. 17, 2016 /PRNewswire/ -- Mutual of America announced today that Financial Empowerment Center was named an Honorable Mention award recipient in the 2016 Community Partnership Award competition.
The Family Service Association of San Antonio, in collaboration with United Way of San Antonio and Bexar County and the City of San Antonio, created the Financial Empowerment Center, which offers free one-on-one financial counseling to low-income individuals. The Center is located in the Neighborhood Place, a community hub where multiple agencies work cooperatively to reduce the incidence of child abuse and neglect by reducing stress and chaos in families' lives.
Financial counselors at the Center help clients navigate difficult financial situations, including the loss of a job, unexpected medical and hospital bills, housing/mortgage/foreclosure issues and other challenges. In the last three years, more than 5,000 individuals have reduced family debt by over $6 million and saved more than $500,000.
"One of the key pathways out of poverty is to increase the financial stability of low-income households," said Nancy Hard, President and CEO. "By offering individualized financial counseling services and mentoring to low-income individuals, the Financial Empowerment Center is helping San Antonio families to take vital steps toward self-sufficiency and, ultimately, a more secure financial future."
About the Mutual of America Community Partnership Award
The Mutual of America Community Partnership Award annually honors the outstanding contributions that nonprofit organizations, in partnership with public, private and other social sector organizations, make to society. Since 1996, the Community Partnership Award has recognized 210 partnerships from cities and towns across America. To watch videos of all of the national award-winning programs, visit the official YouTube channel for the Mutual of America Foundation Community Partnership Award.
About Mutual of America
Mutual of America specializes in providing retirement products and services to organizations and their employees, as well as to individuals. Since 1945, Mutual of America has remained committed to offering plan sponsors, plan participants and individuals carefully selected, quality products and services at a competitive price and the personal attention they need to help build and preserve assets for a financially secure future. For more information, visit mutualofamerica.com.