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Louisville a national leader in addressing financial needs of families

LOUISVILLE, KY (June 17, 2015) — The National League of Cites highlights Louisville as a leader in addressing the financial challenges of their residents. In a new report, the NLC credits leaders in Louisville and several other cities for offering financial inclusion programs addressing topics such as building assets, reducing debt and preventing foreclosures and evictions.

The report, “City Financial Inclusion Efforts: A National Overview,” specifically highlights Louisville’s work with the National Disability Institute’s LEAD Center, which addresses the emerging needs of the disabled community.

NLC collected information from 118 cities via an online survey, interviewed 23 survey respondents and sponsored a roundtable with 13 cities, including Louisville, to understand how communities are addressing the financial challenges their citizens experience – specifically availability of financial education and counseling, accessibility of safe and affordable financial services and the implementation of other innovative programs to help families build financial stability.

“We are committed to providing access to financial services for all of our residents, in all neighborhoods, representing all socio-economic backgrounds,” Mayor Greg Fischer said. “I applaud our Community Services’ team for creating a user friendly model to integrate financial empowerment community-wide.”

Louisville Metro Department of Community Services’ Advocacy & Empowerment Division provided data for the survey. The division coordinates initiatives including Bank On Louisville, a program designed to help the unbanked and underbanked and the Community Financial Empowerment and Training Certification.