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Federation council on aging to aid older adults
NEW YORK (8/17/11)--The National Federation of Community Development Credit Unions and National Coalition on Aging (NCOA) have launched a national initiative to help seniors achieve economic security.
Click to view larger image The National Federation of Community Development Credit Unions and National Coalition on Aging (NCOA) have partnered to help seniors achieve economic security. Community development credit union grantees, representatives from NCOA Economic Security Centers and other local organizations serving older adults take part in training in Atlanta. From left are: Cheryl Fatnassi, CEO, Opportunities CU, Burlington, Vt.; Jane King, certified financial counselor/financial educator, Opportunities CU; Jim Pendulik, chief financial officer, Fairfax County (Va.) FCU; Cathi Bazzon, associate director, Rogers Park Community Center, Chicago; and Kristen Cox, marketing and community relations, North Side Community FCU, Chicago.
The federation will link eight community development credit unions (CDCUs) and eight economic casework sites with NCOA Economic Security Centers and other local organizations providing economic assistance to aging populations. The initiative was funded by 16 grants from the federation’s Economic Security for Low-Income Aging project. Project grantees--nine representatives from CDCUs and seven representatives from NCOA Economic Security Centers--met Aug. 9-11 in Atlanta for training. At the training, the federation and NCOA advised them on products and information to help older members navigate financial challenges, make educated decisions and remain financially independent. The federation, NCOA and other partners learned about basic benefits and assistance for older members; discussed programs and financial products needed by older populations; learned how CDCUs can market their products and services more effectively to this demographic; and developed a data-collection process that measures the initiative’s impact on economic stability and security.
Click to view larger image National Federation of Community Development Credit Unions Senior Program Officer Melanie Stern (left), and National Council on Aging Director of the Economic Security Initiative, Ramsey Alwin, address participants at the recent training. (Photos provided by the National Federation of Community Development Credit Unions)
“The training helped us become aware of the value each of our organizations brings to the table to improve and enhance the lives of older adults in our communities,” said Cynthia Banks, director of Los Angeles County Community and Senior Services, one of the NCOA partner sites.” By partnering with local organizations in NCOA’s network, CDCUs ensure they are working with reliable organizations that have older adults’ best interests in mind, said the federation. Also, agencies serving older adults can be confident that they are sending their clients to trusted financial institutions. The collaborations will help the CDCUs reach underserved seniors in their communities and tailor their product and program offerings to their specific needs. The federation’s Economic Security for the Low-income Aging program is funded by the New York-based Atlantic Philanthropies, through its Aging Program, which seeks to help vulnerable seniors become financially secure and advance supportive measures for long-term change.
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