Daily CSR
Daily CSR

Daily CSR
Daily news about corporate social responsibility, ethics and sustainability

Wells Fargo Donates Towards ‘Sharpen Your Financial Focus’ Initiatives


In order to help the veterans and the servicemen at the military NFCC receives donation from Wells Fargo.

Dailycsr.com – 28 July 2016 – Wells Fargo & Company gives out “$1 million” as a donation to the “National Foundation for Credit Counseling”, whereby the latter will use the amount in supporting the “Sharpen Your Financial Focus” initiative through which consumers address “their primary financial challenges” and chalks out the road towards the “financial goals” set by them. In order to achieve the goal targeted counselling sessions and needed educations are two key elements.
The said grant will be targeting military veterans as well as service members to provide them with “financial education”. Here is a list of the programme consists:
  • “MyMoneyCheckup ® is an online self-assessment. Available in English and Spanish, it helps increase a client’s awareness of their own financial activities and overall financial health, and provides ways to help.
  • “Customized One-on-One Financial Reviews take place with an NFCC Certified Credit Counselor. These sessions are intended to help clients establish goals and a personalized action plan.
  • “The Wells Fargo Hands on Banking® for Military
  • “eCoaching, with automated email and text reminders, helps clients stay on track”.
The Chief Executive Officer cum the President at NFCC, Susan C. Keating, stated:
“The NFCC is honored to have the ongoing support of Wells Fargo to help deliver financial education and meaningful solutions to American servicemembers”.
While, the Manager of “Wells Fargo Military & Veterans Programs”, Jerry Quinn adds:
“At Wells Fargo, we recognize that financial readiness is important for military members and their families. Since its launch in 2013, our online Hands on Banking for Military program, designed to support needs such as planning financially for Deployments, Permanent Changes of Station (PCS) and provide financial guidance on the transition into veterans’ civilian careers, has been viewed more than 270,000 times. Our ongoing support of The Sharpen Your Financial Focus initiative is just one of the many ways we help empower servicemembers to succeed financially.”
Sharpen programme has reached out to help over “65,000 people”, while a recent study revealed that:
“...67 percent of participants say the program helped them better manage their money, 68 percent say it helped them set financial goals, 70 percent improved their overall financial confidence, and 73 percent are paying their debt more consistently”.