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Rep. Frank supports HarborOnes fin ed center
MANSFIELD, Mass. (6/10/10)--U.S. House Financial Services Committee Chairman Barney Frank (D-Mass.) attended the grand opening of a financial education center, HarborOne U, at HarborOne CU on Friday. “Our goal is to provide educational opportunities to help people make better financial choices,” said CEO James Blake. “We believe that education is the key to a better life.”
Click to view larger image James Blake, (left) president/CEO of HarborOne CU in Brockton, Mass., welcomes Rep. Barney Frank (D-Mass.) to the grand opening of the credit union’s HarborOne U Friday. (Photo provided by HarborOne CU)
HarborOne U will offer financial education, including youth financial literacy programs, first-time home buyers seminars, credit counseling, and classes on retirement and estate planning. HarborOne U will also offer life and career management programs, such as health and wellness seminars. Classes will teach participants how to search for the right college, select elder care options, and understand Social Security and Medicare benefits. Small business programs include classes on management of cash flow and receivables, working capital, social media, business and marketing plans, succession planning, and business insurance and investments management. “Credit unions are not motivated simply by profit,” Frank said. “They have a commitment to a better community, making sure people in the middle ranges and below middle ranges of income are fully served. This is an example of it. What would be a wise financial decision for some people would be an unwise one for others. That’s why what HarborOne is doing is so important.” HarborOne U stems from HarborOne's award-winning MultiCultural Banking Center in Brockton, Mass. The center opened in September 2007 to provide low- and moderate- income residents with access to financial information to help them avoid predatory lenders and assist those facing foreclosure. The center has helped more than 2,000 people. Since the credit union opened the MultiCultural Banking Center, “many people from all walks of life have inquired about financial education opportunities tailored to their specific needs," Blake said. "Given the state of the economy over the past few years, it’s evident that there is a tremendous need and desire for financial information and education. That need spans all economic levels and cultures." Classes will be offered days, evenings and weekends. Some courses will be in one-session seminars while others will be scheduled as multi-session classes. In most cases, classes will be free. Others will require a nominal fee to cover course materials. Classes and other programs will be presented by HarborOne and other area professionals. HarborOne also has a Business Information Center with free workspace, Internet access and a resource library. The center will be open Monday through Friday from 9 a.m. to 5 p.m. HarborOne has $1.8 billion in assets.
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