Goodwill Industries of Tulsa Selected to Host Financial Coach

 7/12/2017

For Immediate Release
June 27, 2017

Update: 8/1/17
Goodwill will introduce this financial coaching service to the community on August 31, 2017 from 9 to 10 a.m. at their Training Center at 2800 Southwest Boulevard, Tulsa, OK.  

Goodwill Industries of Tulsa Selected to Host Financial Coach

Tulsa, Oklahoma – Goodwill Industries of Tulsa announced today that it has been selected by the Consumer Financial Protection Bureau (CFPB) to participate in the federal agency’s Financial Coaching Initiative. As part of this initiative, Goodwill Industries of Tulsa will host a full-time financial coach at its Training Center on Southwest Boulevard in Tulsa to work with its employees, program participants, and others to help them with their financial goals.

“We are very excited to have been selected to host a Financial Coach,” said David Oliver, President of Goodwill Industries of Tulsa. “We look forward to helping many people reach their goals.”

Millions of consumers are economically vulnerable, including the 48.7 million people living below the poverty line, and the more than 67.5 million who are financially underserved. These consumers are the most likely to lack access to traditional financial services, which may include products that are more appropriate to their needs and less costly. In-person, individualized and trustworthy guidance can help these consumers make good financial decisions and reach their financial goals.

The CFPB Financial Coaching Initiative provides financial coaching services at critical points in consumers’ lives as they move along the path to financial stability. The program helps both veterans as they transition from active duty status, as well as, economically vulnerable consumers seeking other services from social services and other providers.

Goodwill Industries of Tulsa, a Tulsa Area United Way Partner Agency, is one of sixty diverse partner organizations from around the country that have been selected to host professional financial coaches. The sites include 20 nonprofits. All of the nonprofit organizations selected to host financial coaches for economically vulnerable consumers also provide services that complement financial coaching such as job training and education, social and housing services.

Financial Coaching at Goodwill will extend services offered to the public, including free income tax preparation in partnership with Tulsa Area United Way, free job search assistance at Goodwill’s Job Connection locations, and Goodwill’s extensive employment and training programs.

The financial coaches hired for the program have experience working with the populations they will service, are accredited by the Association for Financial Counseling and Planning Education and are trained in financial coaching techniques.

More information on the CFPB’s Financial Coaching Initiative is available here: www.consumerfinance.gov

The Consumer Financial Protection Bureau is the nation’s first federal agency whose sole focus is protecting consumers in the financial marketplace. Using its multiple authorities, including regulation, supervision, enforcement, market research, financial education, and the authority to deal directly with consumer complaints, the CFPB is working to restore trust in consumer financial products and services.

For more information on the CFPB visit: www.consumerfinance.gov.

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Financial Coaching Program Introduction, August 31