Auburn, Alabama —Ellen Huckabay, county Extension coordinator for Baldwin County recently conducted the first financial literacy program for Spanish speaking adults in Foley. The series of workshops were held at the First Presbyterian Church in Foley. United Bank cosponsored the workshops and provided evening meals for attendees.
“I am very appreciative to regional Extension agent, Rick Zapata for developing and implementing this timely program in Baldwin County. Without his work to establish a relationship with United Bank, we would not have been able to reach this population in our community as effectively. I am excited to see how this program grows and expands in the future,” said Huckabay.
Making Money Count
Making Money Count, a financial education program developed by the University of Missouri, was used to teach the program. Samantha Gallegos, an employee of United Bank, translated the power point presentations, handouts and lectures into Spanish for the program.
Dr. Paul Waddy, Extension state leader for diversity and multicultural affairs, helped provide guidance for the new programming. He also provided funding for the printing of the handouts into Spanish.
Ten to 11 adults with family origins in Mexico and Puerto Rico attended the four evening workshops in Foley. Attendees ranged from 19 to 60 years of age. They all had an interest in learning about banking services and how to buy a home. Based on attendee requests, Extension hopes to provide a small business workshop in the near future.
In addition, Rick Zapata, a regional Extension agent serving Baldwin County, worked with Jennifer Sanders, a program manager and compliance assistant with United Bank’s Community Development Financial Institutions Fund Program, to provide financial literacy training to adults in Escambia and Monroe counties. The bank provided evening meals at the workshops which enabled participants to come directly from work to the workshops.
The CDFI fund plays an important role in generating economic growth and opportunity in some of the nation’s most distressed communities. It offers tailored resources and innovative programs that invest federal dollars alongside private sector capital. The CDFI serves mission-driven financial institutions that take a market-based approach to supporting economically disadvantaged communities. These organizations are encouraged to apply for CDFI certification and participate in CDFI Fund programs that inject new sources of capital into neighborhoods that lack access to financing.