Neighborhood Trust Financial Partners

#WeAreHiring Are you passionate about financial empowerment and social justice? Join our team and make a real difference in people's lives! We are looking for a dedicated Financial Coach to help workers build financial security and escape the paycheck-to-paycheck cycle. 🔑 Key Responsibilities: Conduct personalized one-on-one financial coaching sessions Assess clients' financial health Create tailored recommendations to improve financial situations If you're ready to empower individuals, challenge structural inequities, and drive financial inclusion, we want to hear from you! Learn more and apply: https://lnkd.in/eq3bDtSC #FinancialEmpowerment #SocialImpact #NonprofitJobs

Last week’s all-staff event was more than just a chance to gather—it reignited our passion for the work we do. The day was filled with meaningful moments as we planned for 2025, shared meals together, and reconnected over our shared mission. We also explored Washington Heights, the neighborhood where our journey began. Brendon Kinney, our Senior Account Manager, captured the significance of meeting in Washington Heights perfectly: “When I moved to New York eight years ago, I started working in Washington Heights. I felt at home here. The neighborhood’s welcoming, inclusive spirit is a big part of our organization’s DNA, and today’s event honored that.” One of the highlights of the day was Anthony Barrows’s presentation, “Poverty Interrupted: Applying Behavioral Science to the Context of Chronic Scarcity.” He challenged existing poverty narratives like personal responsibility, meritocracy, and welfare exploitation, emphasizing that poverty is caused by structural barriers, not individual choices. His insights validated what our coaches witness daily—poverty isn’t about changing behaviors but about addressing the systemic forces that hold people back. Ilinca Munteanu, our Brand and Performance Marketing Principal Manager, summed up the day beautifully: “I want to make an impact, and days like today remind me why I’m here. Every day, my motivation is to get what we do in front of those who need it, because when it’s delayed, someone isn’t getting what they need.” Thank you to everyone who made today possible. A special thanks to Mark D. Levine, Ashli B. Carter, Ph.D., and the Shabazz Center (https://lnkd.in/dFaSMRiF) for sharing their expertise with us. We’re excited to continue working toward making financial security possible for all workers!

Our Financial Coaches meet with clients every day who are burdened by the cyclical and expensive nature of earned wage access products. The Consumer Financial Protection Bureau recently proposed to begin regulating these products as a form of credit under the Truth in Lending Act, which will mean they have to disclose the true cost of their subscriptions, fees, and "tips" as an APR (with some exceptions). While we support this interpretive rule and applaud the CFPB for increasing its scrutiny over earned wage access products, we also believe that the proposed interpretive rule is insufficient for addressing the bigger problem with these products: that they’re designed to trap users in borrowing cycles. Our submitted comment to the CFPB digs deeper into this perspective, and sheds light on how we see these products actually showing up in the financial lives of low-income workers. Read our full comment here: https://lnkd.in/eDMXUCi3 #FinancialJustice #DebtRelief #FinancialInclusion #FinancialEmpowerment

Cash advance apps. Retail store credit cards. Buy now, pay later apps. What do these have in common? While they can be convenient options for consumers seeking to access financing options or address cash flow shortages, some have harmful characteristics that lead to negative financial implications for low-income consumers.  Many incentivize over-spending and use features designed to keep workers dependent on the product over the long term, which can trap them in a debt cycle. In Tackling Debt on All Sides [https://lnkd.in/gdQg3vc7] - we share our data on the scale and design of these products that cause burdensome debt for our clients. Our insights also highlight our approach to helping clients trapped in debt cycles stemming from these products. Our Financial Coaches create customized plans that introduce safer products and set workers on a path toward building savings and achieving financial freedom. Read more here: https://lnkd.in/gdQg3vc7 #personalfinance #financialfreedom #debtfree

🌟 Happy 401(k) Day! 🌟 401(k) matches are a pillar of financial wellness, but did you know they can also perpetuate racial income inequality? Nearly half of company contributions go to the top 20% of earners, while lower-paid workers, who are disproportionately Black and Latinx, receive only 6%. At Neighborhood Trust, we're committed to promoting financial equity. Read the blog post for ideas on how employers can help by rethinking their match formulas. Learn more here: https://buff.ly/4cSrWhB #401kDay #FinancialEquity #Debt

🌟 Happy Labor Day! 🌟 Today, we honor the resilience and dedication of every worker who drives our economy forward. At Neighborhood Trust, we’re committed to empowering workers to take control of their finances. Labor Day isn’t just a celebration of work; it’s a reminder of the power workers have to create change, both in their lives and in their communities. We believe in the potential of every worker to achieve financial security, and we’re here to support that journey every step of the way. Let's continue to uplift and empower workers, ensuring that financial well-being is within reach for all. 💪 #LaborDay #WorkerEmpowerment #FinancialWellbeing

🌟 Happy National Black Business Month 🌟 At Neighborhood Trust, we recognize the vital role that Black business owners play in our economy. While Black Americans represent 14.2% of the U.S. population, they own only 2.4% of employer businesses, according to The Brookings Institution . Supporting Black entrepreneurs not only fosters economic growth but also uplifts the workers they employ. To understand how we can address systemic financial barriers that affect Black business owners, check out the latest TrustPlus blog post here: https://lnkd.in/d_4KJ-G8

🎉 Exciting News! 🎉 Our Pathways customer, Travis Credit Union, is expanding its focus on financial wellness by introducing the inaugural 2024 Financial Coaching Grants. These grants will equip nonprofit organizations to provide financial guidance to their communities by offering access to our Pathways to Financial Empowerment financial coaching IP, developed in partnership with Inclusiv. We’re thrilled to contribute to Travis Credit Union’s continued dedication to developing innovative solutions responsive to the needs for financial education. Read more here: https://lnkd.in/ghmMhEQy

🌟 Happy National Financial Awareness Day 🌟 At Neighborhood Trust, we’re committed to empowering low-income workers to reclaim control over their financial futures in a system that often works against them. Every day, we tackle expensive , predatory debt at the individual, market, and policy levels, providing trusted, human-touch guidance that makes a real difference in worker’s lives. Financial capability is about more than just managing money— it’s about empowering individuals to navigate the financial system and drive long-term systemic change. With our approach and dedicated Financial Coaches, we provide the support and guidance needed to navigate these challenges effectively. Learn more about how we are empowering individuals to take control of their financial well-being every day 💪: https://lnkd.in/gpsMMviU #FinancialInclusion #FinancialEmpowerment #FinancialLiteracy

We are excited to announce that Express Credit Union has joined Pathways! Our Pathways to Financial Empowerment solution, jointly developed with Inclusiv, embeds our financial coaching IP and outcomes tracking platform into credit unions across the country. Express Credit Union has served the financial needs of people in Washington State for 90 years, and believe that everyone deserves access to an affordable bank account regardless of their income, credit, or immigration status. Express Credit Union will be using Pathways to launch their in-house financial coaching program, which will provide support to the diverse needs of their members and help them achieve their financial goals. Learn more about our work with credit unions here: