Nashville Financial Empowerment Center Spring Update

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Nashville Financial Empowerment Center

Spring 2015 Newsletter

We’ve been called Nashville’s best kept secret.  Well, consider this e-newsletter as our next step in telling our story…and the story of our financial empowerment clients and their success.

Every other month, we’ll collect our results, partner highlights, client stories, and other tidbits and put them out through these emails.  For more regular updates, follow us on Twitter and Like us on Facebook!


National Attention for Our Work

In February, Nashville hosted the 2015 Cities for Financial Empowerment Fund Annual Gathering and the Federal Reserve's Nashville Branch generously allowed us to use their conference space. The gathering brought city managers and non-profit staff from twelve cities across the country to Music City to kick off the third year of the Financial Empowerment Center replication initiative.  

Read an overview article from CFE Fund CEO Jonathan Mintz - "Transforming the Availability of Professional Financial Counseling in America".The Federal Reserve Bank of Atlanta recently posted a Partners Update - "Integrating Financial Counseling With Other Muncipal Services" - which gives an overview of the growing work of the financial empowerment network across the country.  It features our work and progress here in Nashville. 


Debt Paid Off, Credit Score up, Now This Mom is Saving for the Future

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Iman Hassan is a young, single mom who works with Financial Counseling Specialist Kathy Payne at our Foster Street Center.  Her original goals were to obtain better housing for her and her two children, improve her credit, learn how to make better financial decisions and "some day open up a bank account."  

After six sessions with Kathy, Iman has reduced her debt, paid off all her past due accounts, and established a banking relationship. She now has checking and savings accounts with auto transfer to her savings account and opened up a secured credit card. Her hard work on these steps have raised her credit score by 82 points! She is now revisiting her career path, seeking additional employment and is working on a college fund for her two children. She is continuing her ongoing counseling with Kathy.


Measurable Results for our Clients

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Our clients tell their stories so well, but an important part of our program model is tracking data and measuring our performance. Since we launched in March of 2013 here are our some of our program results...

Over 2500 individual clients served

Over 7600 individual financial counseling sessions conducted

Over $1.1 million in client debt reduced

Over $300,000 in client savings increased


1st Annual Conference on Financial Literacy 

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Join us on April 17th from 8 a.m. noon for the 1st Annual Conference on Financial Literacy hosted by the Center for Entrepreneurship and Economic Development at Tennessee State University and the Nashville Financial Empowerment Center. 

Details & registration here.


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Free One-On-One Financial Counseling in Nashville. 

Just call 615-748-3620 or visit fec.nashville.gov


We help Davidson County residents reduce debt and build assets through free, one-on-one financial counseling incorporated into existing social services.


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We have opened a satellite counseling location on Fridays at Nashville State Community College.  We are in the S-Building every Friday from 9:00 a.m. to 3:00 p.m.

See a map of all FEC locations.


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In the News...

"Nashville Center Helps Money Issues Make Sense" by the Tennessean's Ms. Cheap 

Channel 4's More at Midday with a feature on the FEC.

Channel 5's Que Pasa Nashville featuring Terry and Kathy from the FEC team.

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The Nashville Financial Empowerment Center is a program of the Office of Mayor Karl Dean in partnership with United Way of Metropolitan Nashville. Nashville is one of five cities that have received funding through Bloomberg Philanthropies' investment in the Cities for Financial Empowerment (CFE) Fund.


Keep an eye out for an invitation to our 2nd Annual Client Celebration at Foster Street Center....