Community Impact

Financial Stability Partnership

The Financial Stability Partnership is a collaborative effort between county, state, nonprofits, businesses, financial institutions, and private organizations sponsored by the United Way of Chester County and managed by Community Impact Legal Services to provide cohesion and coordination of the financial stability network, including:

  • Financial education and community awareness
  • Asset building and protection
  • Savings and money management programs
  • Credit repair and debt reduction
  • Accessing public and employer benefits
  • Work force development

 

Mission
The mission of the Financial Stability Partnership is to create a path to independence through steps to help individuals and families move away from crisis financial management, overcome basic subsistence needs, and allow them to plan for the future.

  • Increase income
  • Build savings
  • Gain and sustain assets

 

Services
Consumers and service providers need coordinated and comprehensive guidance to access the best suited financial stability services in Chester County. Financial stability services include, but are not limited to:

  • Savings programs
  • Financial/Credit counseling
  • Housing counseling
  • Financial planning
  • Banking
  • Lending
  • Energy programs
  • Workforce development

Goals
Our goal is to aid Chester County residents in improving their financial stability/quality of life as a result of their ability to access and maximize individual financial resources as well as services available in the community that will:

  • Eliminate economic disparities
  • Reduce debt
  • Decrease bankruptcy filings
  • Increase assets and savings

Results for Consumers

  • Increase access to information and education
  • Access to a network of services that support financial independence
  • Increase individual wealth (i.e. EITC)
  • Home ownership
  • Senior and retirement planning
  • Personal savings account
  • Small business development
  • Crisis management
  • Affordable childcare
  • Reliable transportation
  • Continued education

The Role of a Partner

  • Advocate and educate key community leaders about the financial challenges for the residents of the County
  • Help identify effective strategies to meet the financial needs of individuals and families in our community
  • Identify system/community changes that will help reduce detrimental financial practices for consumers.

Benefits of Partnership
Community Member

  • Stronger economics
  • Healthy neighborhoods
  • Increase in affordable housing
  • Continued pride

Business Members

  • Profits increase
  • Better, more informed and productive workforce
  • Increased job retention

Nonprofits

  • Efficiency and effective use of limited resources
  • Meaningful outcomes are achieved
  • Greater collaboration
  • Expanded outreach

Current Partners
United Way of Chester County
Alliance for Better Housing
Chester County Assistance Office
Community Impact Legal Services, Inc.
Consumer Credit Counseling Service of Delaware Valley
Family Service of Chester County
Human Services, Inc.
Life Transforming Ministries
Open Hearth, Inc.
Phoenixville Area Community Services
PNC Bank
Salvation Army of West Chester
The Pledging Tree Foundation
YWCA Chester County
Wachovia Corporation

Partnership Mobilizer/Contact
Community Impact Legal Services, Inc.
1003 East Lincoln Highway
Coatesville, PA 19320
1-800-967-9150 x16
Email us!