Blog Posts Categorized: Financial Empowerment http://cedam.info/category/asset-building/

Taxes Due Soon!

Written by Ross Yednock, Program Director of MEIC Are you still waiting to file your 2016 federal and state taxes? There is less than a month before they are due on Tuesday, April 18 (NOT the usual 15th). Make the call today to 2-1-1 or visit MichiganFreeTaxHelp.org to find a location near you where you… Read more »

Expect EITC Delays in 2017

Written by Ross Yednock, Program Director of the Michigan Economic Impact Coalition (MEIC) ___________________________________________________ “Everyone can begin filing their taxes as soon as tax season begins; however, due to the Protecting Americans from Tax Hikes (PATH) Act passed in December of 2015, the IRS must hold all refunds with either a EITC or ACTC claim… Read more »

CFPB’s New Rule

Written by Heidi Kurniawan, Policy Intern In Michigan, there are more payday loan stores than there are McDonald’s and Tim Horton’s franchises combined. Advertisements for these loans make them seem like a fast and easy way to get cash when you’re in a financial bind. What they don’t tell you, however, is that four out… Read more »

The Municipal Effect

Written by Megan Kursik, Coordinator of the Michigan Communities for Financial Empowerment In 2013, the City of Lansing was one of five cities competitively selected to launch a Financial  Empowerment Center to seamlessly integrate free, professional financial counseling with core city and nonprofit services. It’s now more than three years later and the cities came together last week to… Read more »

Michigan’s Home Heating Credit – Are you eligible?

Written by Ross Yednock, Program Director of the Michigan Economic Impact Coalition After a cold winter that seemed to drag on, warmer temperatures are here to stay…at least for a couple of months. Time to soak up the sun, enjoy the warmth and relax. So why am I ruining everyone’s enjoyment of this wonderful summer weather… Read more »

CEDAM member Amber Paxton assumes national leadership role as co-chair of the Cities for Financial Empowerment Coalition

Written by: Megan Kursik, Coordinator of the Michigan Communities for Financial Empowerment Cities from across the U.S. convened in Miami last week for the bi-annual Cities for Financial Empowerment (CFE) Coalition Forum. The CFE Coalition is a group of city governments committed to supporting the financial capability of their residents through innovative programs and local… Read more »

FREE Quality Income Tax Returns

Written by Ross Yednock, Program Director of the Michigan Economic Impact Coalition We are smack dab in the middle of the 2016 tax filing season. Whether or not you will receive a refund, you could end up losing some of your hard-earned money by paying an unqualified and unregulated person to file your tax return. Unfortunately,… Read more »

4 Opportunities to Increase Economic Stability

Written by Lisa Assenmacher, Communication and Training Specialist Financial instability is the root of many of the challenges that community economic development organizations work with on a daily basis when serving clients. You can help your community address economic instability in four ways. 1. Call attention to economic disparity in your community by showcasing data… Read more »

Children’s Savings Accounts to Kickstart Education

Written by Lisa Assenmacher, Communications and Training Specialist Financial empowerment is a game changer. From adults struggling to get ahead to children just beginning to save, financial capability programs can help people of all ages reach greater self-sufficiency and the freedom to live rather than simply survive. Growing implications. Lack of financial capability is widespread in… Read more »