2025 Annual Report - Flipbook - Page 27
RESET PROGRAM: SUPPORTING OLDER ADULTS
The RESET initiative—Raising Economic Security to Enjoy
Thriving—was launched in collaboration with AgeWell,
FiftyForward, NeedLink Nashville, Tennessee Justice Center
and the FEC. Designed to assist older adults, often living
on 昀椀 xed incomes, RESET provides bene昀椀 t screenings and
personalized 昀椀 nancial counseling. Funded by the AARP
Foundation, this program helped 297 adults age 50-plus
access critical resources and delivered 669 counseling
sessions, resulting in a cumulative savings increase of
$185,360 and debt reduction of $1,196,762.
TAEM/OUR CHANCETN:
DRIVING ECONOMIC MOBILITY
As part of the Tennessee Alliance for Economic Mobility
(TAEM), the FEC partnered with over 30 organizations
to reimagine Tennessee’s safety net. Through the Our
ChanceTN pilot, families received integrated 昀椀 nancial
counseling, coaching and transitional bene昀椀 ts support. In
2025 alone, 77 measurable outcomes were achieved in areas
such as credit repair, debt reduction and savings growth,
while 76 caregivers bene昀椀 ted from personalized counseling.
EXPANDING ACCESS WITH WELLS FARGO
This past year, Wells Fargo deepened its commitment
to 昀椀 nancial health by funding the return of FEC’s mobile
counseling, based at the McGruder Family Resource Center
in North Nashville. This expansion ensures that 昀椀 nancial
empowerment services reach even more residents where
they are.
SUCCESS STORY:
CARLY’S JOURNEY TO FINANCIAL FREEDOM
Carly came to the FEC in fall 2024 overwhelmed by student
loans and revolving debt. With guidance from her counselor
and Legal Aid Society, she successfully renegotiated her
private student loans to a 0% interest rate over 20 years,
reducing her monthly payment from $1,200 to $518.20. She
also enrolled in a debt management plan projected to save
$14,402 in 昀椀 nance charges. Carly’s story exempli昀椀 es how
personalized support and strategic planning can lead to
lasting 昀椀 nancial stability.
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