cPort Credit Union recently held financial literacy workshops at Fedcap through our partnership that helps offer job readiness workshops for low income parents. Fedcap offers training to its participants on topics that include wellness, nutrition, parenting, legal, taxes, and more. Kara Grant, Senior MSR at our Middle St. branch, led the set of four workshops about banking.
cPort hosts several workshops throughout the year at Fedcap covering topics like why it is helpful to open a bank account, how direct deposit works, the difference between banks and credit unions, and what you need to open an account. Other sessions cover credit, types of loans, and information about how to protect against account fraud. For some participants, these workshops are their first real training around money management and banking.
Tim Sturtevant, Work Readiness Instructor of the Breaking the Cycle program, has seen this program take off in Maine. Breaking the Cycle, launched in 2017, aims to break the cycle of poverty for adults in Maine. “Fedcap has done a lot to improve participation in the ASPIRE program since we took over for the state in 2017, increasing the amount of people meeting the required participation job search hours from 10% to 50%. Workshops like the one cPort offers are a part of this improvement since they provide valuable job readiness activities that our participants love to attend,” said Sturtevant.
Fedcap serves individuals who are enrolled in Maine’s ASPIRE program who are recipients of Temporary Assistance for Needy Families (TANF). TANF is federal temporary service for parents who are struggling financially. The employees of Fedcap work with TANF recipients on work readiness. The steps of the program include:
- Find solutions for employment barriers for the participants. These barriers can include lack of childcare, transportation, or not owning clothing for interviews or work.
- Provide training programs to build skills in order to become self-sufficient.
- Get to know participants’ individual needs and address them throughout the program.
cPort will continue working with Fedcap to offer job-readiness workshops in the upcoming month as well. We look forward to seeing the growth of this program in the future!