Thursday, June 23, 2011

The Center for Neighborhood Technology (CNT) and North Side Community Federal Credit Union Train Financial Counselors on the Link between Living Green and Saving Green

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The Center for Neighborhood Technology (CNT) and the North Side Community Federal Credit Union recently sponsored a two-day “train the trainer” program for financial counselors to reduce their clients’ household expenses and environmental impact. The program, Equity Express, illustrates that economic and environmental sustainability go hand in hand.

“Despite the popular belief that living ‘green’ is only possible for upper-income households, CNT has consistently found in its research and programs that sustainable practices significantly decrease household expenditures on utility bills, transportation costs, and telecommunications services, to name a few,” said Steve Perkins, senior vice president at CNT. “Households can use sustainable practices to help them save towards goals like homeownership and higher education, while also reducing their environmental impacts. Equity Express shows them how.”

The 13 representatives from nine financial education and homeowner counseling organizations that attended the training can now use Equity Express to show their clients—often low- and moderate-income individuals—how making smart decisions about money has positive impacts for them and the earth. Previous Equity Express Workshop participants in the San Francisco Bay Area have decreased expenses from $20 to $200 per month.

“Our mission at the North Side Community Federal Credit Union is to provide affordable, alternative financial products and services to the community,” said Kristen Cox, Marketing and Community Relations Manager at the North Side Community Federal Credit Union. “We believe Equity Express will add depth to our financial literacy curriculum by providing a participatory and supportive, ongoing six-week class environment in which members learn from each other what best behavioral strategies really work.

Center for Neighborhood Technology www.CNT.org
Press release dated March 17, 2011

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