Transcript Slide 1

United Way THRIVE
and
Wells Fargo
Agenda
• United Way THRIVE Overview
• Wells Fargo Financial Capability
Network Goals
• Wells Fargo Financial Capability
Network Plan
• Measuring Success
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United Way THRIVE
Launched and led by United Way of Greater Houston,
THRIVE is a collaboration of 21 agencies focused on
helping families:
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Overall Year 4 Results
Clients Served
Year 1
Over 21,000
Year 2
Over 28,000
Year 3
Over 35,000
Year 4
Over 44,000
With 18 Partners:
• Over 31,800 tax returns were prepared
securing $41.8 million in net refunds
• Over 4,700 families received workforce
development services
• Over 8,900 families received financial
education or coaching services
• Over 4,200 individuals increased their savings
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United Way THRIVE
Comprehensive Approach for a
Path to Financial Stability
Acquire assets
Save for assets
Build savings for
emergencies
Reduce consumer debt
Increase Income
Reduce expenses
Secure consistent employment
Gain job skills
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Multi-Sector Network to Achieve Scale
Workforce
Solutions
Financial
Institutions
Community
Colleges
THRIVE
City & State
Organizations
Employers
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Wells Fargo Financial Capability Network
Goals
• Create a community-based, multi-sector
network
• Support United Way’s family financial
stability initiatives in communities
• Help low- to moderate-income families with:
• Financial education and awareness of
resources
• Access to safe and effective financial products
and services
• Financial coaching on how to make better
financial decisions
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Wells Fargo Financial Capability Network
Overview
1. Bank On Houston Coordinator
2. Scalable Small Dollar Loan
3. Promotion of Tax Time Savings
4. Wells Fargo Financial Education
Opportunities
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1. Bank On Houston Coordinator
• Dedicated staff person located at City Hall
• Coordination of activities and central
source of information
• Connect with United Way THRIVE
• Research Bank On best practices and
potential opportunities
• Evaluation of Bank On Houston activities
and accounts
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2. Scalable Small Dollar Loan
• Propose sustainable small dollar loan model for
Houston
 Consult RAISE Texas Feasibility Study
• Support Promise Credit Union PAL Loan Pilot
 Connect with THRIVE financial coaches
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3. Promotion of Tax Time Savings
• Outreach through Network
• Financial Education Opportunities
• Market United Way Tax Time Matched Savings
Program at Neighborhood Tax Centers
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4. Wells Fargo Financial Education
• Leverage Wells Fargo financial education
resources
• Examples:
 Teach curriculum to THRIVE partner
agencies
 Provide course for United Way Bright
Beginnings child care center staff
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Measuring Success
• Common Outcome 1: Increase
financial education and coaching

Leverage THRIVE Evaluators
• Common Outcome 2: Improve
awareness of and access to
appropriate financial products and
services

NLC Bank On Data Improvement
Project
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Dream Today.
Thrive Tomorrow.
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