A Financial Coach for the Upper Valley
One of the most powerful roles Granite United Way plays is as a convener – and some of the work we are doing in the Upper Valley is a great example of that. For the past year, financially vulnerable clients at four Upper Valley nonprofits – LISTEN Community Services, Twin Pines Housing Trust, Upper Valley Haven, and WISE – have had access to a financial coach, courtesy of the Consumer Finance Protection Bureau (CFPB.)
Suzanne Stofflet, Senior Director of Community Impact at Granite United Way, initially saw this federal program as a collaborative opportunity and worked with the four nonprofits to apply for the coach. The Upper Valley group is one of sixty diverse partner organizations, and the only collaboration that was selected to host a financial coach.
Megan Sather is a trained financial professional who serves as the area’s financial coach. She offers clients the opportunity to sit with her and receive customized guidance that is tailored to each individual’s unique situation.
“As a result of this guidance, we are seeing clients achieve stable housing; many for the first time in their lives. This program is without a doubt a success.” said Kyle Fisher, Administrative Director of LISTEN Community Services.
The synergy from this effort can be seen in the results. To date, 65% of clients have improved their financial capability and 99% are actively pursuing or have completed their individual goals. The Upper Valley program has proven to be one of the most successful in the nation.