04/19/2016
Citizens Bank Announces $96,000 in Contributions to Michigan Organizations Through the Citizens Helping Citizens Manage Money Initiative
As part of an ongoing commitment to give consumers the confidence and tools they need to be fiscally healthy, Citizens Bank announced today that five nonprofit organizations in Michigan will receive $96,000 in contributions as part of the Citizens Helping Citizens Manage Money financial literacy initiative.
Leveraging the financial expertise of its bankers and its partnerships with local nonprofits focused on financial education, the Citizens Helping Citizens Manage Money program this year includes $1.3 million in donations to 77 nonprofits and volunteer outreach by more than 400 trained Citizens colleagues. Citizens will also be sharing financial tips on Facebook and Twitter for the duration of National Financial Literacy Month, as well as ongoing financial advice from Citizens’ colleagues on YouTube. By the end of 2016, Citizens Helping Citizens Manage Money is expected to improve the financial acumen of more than 220,000 Americans.
Nonprofit organizations from across the bank’s 11-state footprint were chosen in a competitive application process based on their track record of success providing financial education programs, clear and measurable goals for the program and a demonstration to incorporate sustainability in their program plans.
Michigan funding recipients include:
- Detroit Land Bank Community Development Corp. - $25,000 to help provide home ownership counseling to at least 1,000 Detroit residents.
- Great Lakes Women’s Business Council - $25,000 to provide technical assistance and micro loans to Detroit-based small businesses.
- Junior Achievement of Southeastern Michigan - $20,000 to help provide financial literacy for Detroit area youth.
- Southwest Economic Solutions - $16,000 to help provide financial education to entrepreneurs in low-income immigrant and minority neighborhoods.
- Community Economic Development Association of Michigan - $10,000 to provide financial education for low and moderate-income Michigan residents.
