Staples Launches Trusted Advisor as a Financial Wellness Benefit

December 21, 2017. Staples has selected Neighborhood Trust as a benefits provider, delivering our Trusted Advisor™ service to a segment of its national workforce. We are thrilled Staples has chosen to include financial wellness among its suite of workplace benefits.

As of November Trusted Advisor is reaching employees at four Staples locations. Over the next three months we are rolling out the service to nearly 5,000 Staples employees in nine states. We look forward to being an active presence in the Staples community nationally in the coming year.

For each Staples employee, this means help is on the way. With a simple text message, any employee can select from a roster of our expert Financial Counselors and begin a long-term counseling relationship via phone or […]

Staples Launches Trusted Advisor as a Financial Wellness Benefit2019-05-21T13:51:55-04:00

Fintech Innovations for Low-Wage Workers

Nine financial technology startups and nonprofits have just completed the inaugural Financial Solutions Lab – a $30 million initiative to develop tools to help America’s 100 million workers who struggle with volatile income. What features must fintech tools have to serve this market well? Innovators share their insights.

Seventy-seven million Americans – about half the workforce – work jobs that are paid by the hour. By and large, these are not teenagers working for extra cash. They are hardworking adults trying to raise families on full-time wages that can be as low as $15,000 per year.

On February 4, the Stanford Social Innovation Review hosted the second of a two-part webinar series, The Hidden Financial Lives of America’s Poor and Middle Class, a discussion with […]

Fintech Innovations for Low-Wage Workers2019-05-21T13:52:12-04:00

Neighborhood Trust Secures $650,000 Grant from JPMorgan Chase Foundation

Neighborhood Trust is thrilled to announce a two-year, $650,000 grant from JPMorgan Chase, through its Foundation. The grant supports our direct service work with low-income clients in New York City and efforts to scale The Employer Solution, including the build out of PayGoal, our technology solution for the workplace.

Watch our profile of the Employer Solution at Five Guys

“Embedding financial coaching into existing, trusted services, such as the workplace, is a great way to help low-income households improve their financial health,” said Colleen Briggs, Vice President, Financial Capability Initiatives, JPMorgan Chase. “We are proud to support Neighborhood Trust’s work to expand access to their proven model that integrates financial coaching into other relevant services. Our support will enable them to serve more consumers by using technology to test virtual coaching services […]

Neighborhood Trust Secures $650,000 Grant from JPMorgan Chase Foundation2019-05-21T13:52:26-04:00

Can Employers Help Workers Better Manage Their Money?

Andrea Levere, President of Corporation for Enterprise Development (CFED), explains how employers cannot afford to ignore the negative effects of financial stress on their workers. Instead, helping workers better manage their finances and save more effectively should be part of any comprehensive work benefits package.

“Even families with solid middle class incomes struggle to save for a more prosperous future. A remarkable 44 percent of U.S. households are “liquid asset poor,” meaning they don’t have enough savings to live at the poverty level for just three months if faced with a job loss or other emergency, according to research by my organization.”

Read More in the Huffington Post.

Learn more about how Neighborhood Trust’s Employer Solution is working to address the problem.

Can Employers Help Workers Better Manage Their Money?2019-05-21T13:52:37-04:00

Neighborhood Trust + CFED Examine Financial Security at Work

Earlier today CFED published its final post of its ‘Financial Security at Work’ series. This series, sponsored by the Prudential Foundation, is a report on the preliminary findings of a research project based on a “literature review, field scan and interviews with expert from the field.” Neighborhood Trust is featured in today’s post: Financial Security At Work: Where Do We Go From Here.

Here are the links to the earlier posts:

Financial Capability Programs: What Works in the Workplace

Looking Ahead: Promising Practices for Financial Wellness at Work

Neighborhood Trust + CFED Examine Financial Security at Work2019-05-21T13:52:51-04:00

Neighborhood Trust’s Employer Solution Profiled by the W.K. Kellogg Foundation

NT_and_WKKF_logosEarlier this year Neighborhood Trust was awarded a three-year, $750,000 grant from the W.K. Kellogg Foundation in support of The Employer Solution. We are thrilled to share this piece from the Kellogg Foundation’s web site about our collaboration and joint investment in the workplace as a delivery channel for financial counseling targeting low-income workers.

Click here to read the story on Kellogg’s web site.

 

Neighborhood Trust’s Employer Solution Profiled by the W.K. Kellogg Foundation2019-05-21T13:53:00-04:00
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