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AGENCY TESTIMONY
NYC Financial Empowerment Centers: Free financial counseling services
0:17:58
ยท
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Commissioner Mayuga discusses the NYC Financial Empowerment Centers and their role in providing free, one-on-one financial counseling to New Yorkers.
- Centers offer confidential financial counseling at no cost to individuals
- Services include budgeting, creating spending plans, opening bank accounts, and navigating loan repayment
- Plans to expand to several NYC Health and Hospitals locations this year
- Nearly 12,000 clients visited the centers last year, with 9,000 being first-time clients
- Since opening, the centers have helped New Yorkers increase savings by about $16 million and reduce debt by over $120 million
Vilda Vera Mayuga
0:17:58
Our New York City Financial Empowerment Centers provide opportunities for New Yorkers to meet with trained counselors for one on one confidential financial counseling at no cost.
0:18:08
These counselors support individuals in reaching financial goals by establishing budgets, creating spending plans, opening safe and affordable bank accounts, and navigating loan repayment including student loan debt.
0:18:22
We are nearly as we are especially looking forward to expanding our financial empowerment centers to several NYC Health and Hospitals location this year.
0:18:32
Last year, we had almost 12,000 clients visit our centers, 9,000 of whom were first time clients.
0:18:40
As of the start of this year, our professional counselors have helped New Yorkers increase their savings by about $16,000,000 and reduce their debt by over a hundred and 20,000,000 since the opening of our centers.
0:18:53
This is just one of the many ways that our agency delivers for the working people of New York.