SINCE 1965, local non-profit Consumer Credit Counseling Service of the Savannah Area, Inc. (CCCS) has delivered money management solutions to individuals and families. Their nationally certified counselors provide expert advice to help increase the financial knowledge of clients while helping them solve financial problems and achieve their goals.
CCCS consists of seven staff members committed to improving the financial health of members of the Savannah community. John Wills (right), executive director of CCCS, has served on Step Up’s Board of Directors and as the board chair in 2014. Richard Reeve (left) is the director of Financial Education for CCCS and works alongside Step Up in several different capacities.
How They Make a Difference
CCCS changes people’s lives by teaching them how to manage their debt, build their credit, prepare to buy a home, or avoid foreclosure through financial counseling and education. Find out more about CCCS – www.cccssavannah.org.
Workplace and Community Financial Education
Step Up Savannah and CCCS work together to provide a comprehensive menu of financial education for employees at worksitesthroughout Chatham County. They also offer workshops at public libraries and community-based workforce development
programs. Classes focus on applied learning, giving participants the opportunity to immediately use new knowledge and change behavior. For example, in a class about credit reports, participants pull their credit report, learn how to read and interpret it, and dispute any errors. In addition, workplace-based financial counseling means individuals can address critical financial concerns such as debt repayment, identity theft, foreclosure, or home purchase.
Using surveys and individual meetings with HR/program staff to identify the biggest needs and topics of interest to employees, Step Up and CCCS have offered popular classes such as “Improving Your Credit Score,” “Spending Plans,” and “Grow Your Savings.” They rely on an independently developed unbiased curricula called Smart Cents, the FDIC’s Money Smart program and Financial Industry Regulatory Authority (FINRA) Foundation’s modules for classroom education.
Step Up and CCCS were recognized for their employer-based work by the Corporation for Enterprise Development (CFED) in its Platforms for Prosperity national contest in 2014.
Life Line Loan
In the spring of 2015, Georgia Heritage Federal Credit Union (GHFCU) partnered with Step Up and CCCS on the new Life Line
Loan, an employer-based loan program. Life Line is an affordable small-dollar loan ($300-$1500) available through employers that sign up with Georgia Heritage. The program is coupled with on-site financial education to ensure employees develop a better understanding of how to manage credit and debt. Loan payments are made through payroll deduction, and GHFCU reports loan payments to the credit bureaus to establish a positive credit history. Once the loan is paid in full, the loan payment amount continues to be withdrawn from payroll and deposited into the employee’s savings account until they opt out, allowing employees to build an emergency savings fund.
Five employers have signed up for the program– Chatham County, Chatham Area Transit, Goose Feathers Café, Hospice Savannah and Senior Citizens, Inc.– but it’s open to any employer.
Chatham Apprentice Program (CAP) Financial Education
Richard holds three 90 minute presentations that cover budgeting, creating financial goals, maximizing income, priortizing expenses, and understanding credit for each CAP class. In addition, he provides individual on-site credit review.
“Through partnerships and collaborative efforts,” Richard says about CCCS’ relationship with Step Up, “we can have a deeper and more meaningful impact in our community. Our relationship has allowed us to market and network our agency better, connected us with other national agencies and funders, and gotten us linked with policy work.”
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Images courtesy of Blake Crosby Photography.