MEDIA ALERT

Connecticut United Ways Launch ALICE® Saves, a New Savings and Financial Counseling Program

Initiative Responds to Report that 4 Out of 10 Families in Connecticut Struggle to Pay for Basic Needs

 
WHAT: 
 
­Connecticut United Ways have joined together to promote financial stability for working families statewide by launching ALICE Saves, a new program designed to help families develop a lifelong habit of saving and other positive financial behaviors. The program encourages ALICE - Asset Limited, Income Constrained, Employed, - to begin developing a habit of saving while moving toward a more secure financial future.
    • SaverLife , a proven savings product from the California-based nonprofit EARN offers financial rewards for savings. Savers, who securely link their bank account to the program, can earn up to $60 dollars in the first six months savings - $10 for every month that they save at least $20. Other incentives and supports are available.  
    • Savers will also be offered the opportunity to take an additional step towards financial security by enrolling in Trusted Advisor, a technology-­-enabled financial counseling program offered by New York-based Neighborhood Trust Financial Partners. A Trusted Advisor counselor, available through Skype or by telephone, will help Savers develop a financial action plan with concrete steps to meet financial goals.
    • In its 2018 ALICE Report, a study of financial hardship, United Ways found that 40% of Connecticut households cannot afford basic living expenses while 46% do not have enough savings to cover expenses for 3 months. While 37% of CT residents did not set aside any money for emergencies last year, research shows that families with a savings of just $250 are less likely to be evicted or miss a housing or utility payment.
 
WHO: 
  On the call will be:
    • Richard J. Porth, President & CEO, United Way of Connecticut
    • Kim Morgran, CEO, United Way of Western Connecticut and Chair, Connecticut United Ways Chief Professional Officer Council
    • Shana Beale, Director of Communications, EARN
    • Justine ZinkinCEO of Neighborhood Trust Financial Partners
WHEN: 
Tuesday, March 19, 2019 at 3:00 PM


ACCESS: 
Call-in number - 1-800-719-7514
Access Code - 527533


About Connecticut United Ways
 
Connecticut United Ways advance the common good by creating opportunities for all, with a particular focus on education, income/financial security, health, and basic needs - the building blocks for a good quality of life. We engage people and organizations throughout our communities who bring passion, expertise, and resources needed to get things done, and we invite everyone to be part of the change.

About EARN

EARN.org is an award-winning nonprofit that builds prosperity for working families by helping them save and invest in their futures.  Since 2001, EARN has helped over 100,000 families save for a better future through innovative savings products. EARN's vision is that millions of well-informed, low-wage American families will achieve financial success through proven strategies, fair public policy, and their own hard work. 

About Neighborhood Trust Financial Partners

Neighborhood Trust is a nonprofit social enterprise empowering workers to take control of their finances and achieve financial health. With more than 20 years of financial counseling experience, we blend our trusted financial guidance with innovative technology solutions and actionable financial products to help workers' paychecks go further. Annually we reach more than 10,000 low- and moderate-income workers across the country through Trusted Advisor and other products.


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Statewide Contact:
Press Release
Donna Taglianetti
Financial Stability Consultant
Connecticut United Ways
860-559-5618

Local United Way Contacts:
Press Release
Middlesex United Way
Amanda Furlong
Communications and Marketing Director
860-346-8695
  
United Way of Central and Northeastern Connecticut
Elyssa Millspaugh
Content Marketing Manager
860-493-1119

United Way of Coastal Fairfield County
Cathy DeCesare
Sr. Vice President Strategic Initiatives  
203-339-6309

United Way of Coastal Fairfield County
Dana Freeman
Director of Development & Corporate Engagement
203-339-6347
  
United Way of Greater New Haven
Peter Schaller
Communications Director
203-691-4202
  
United Way of Greater Waterbury
Glenn McCabe
Director, Marketing/Communications
203-757-9855
gmccabe@unitedwaygw.org 

United Way of Greenwich
David Rabin
President & CEO
203-869-2221
  
United Way of Meriden and Wallingford
Diana Reilly
Associate Director
203-235-4403
 
United Way of Milford
Gary Johnson
President & CEO
203-874-6791

United Way of Northwest Connecticut
Owen Quinn
Executive Director
860-489-4132
 
United Way of Southeastern Connecticut
Jill Davoll
Marketing /Communications Director
860-464-3309
 
United Way of Southington
Jack Eisenmann
Executive Director
860-628-4565
 
United Way of Naugatuck and Beacon Falls
Lisa Shappy
Executive Director
203-729-1564
 
United Way of West Central Connecticut
Donna Osuch
President
860-582-9559

United Way of Western Connecticut
Isabel Almeida
Executive VP, Marketing
203-297-6725
 
Valley United Way
Sharon Gibson
President & COO
203-926-9478