Money Works for You
The Issue
Low-income families need to develop good savings habits to meet short and long term goals.
Our Impact
The Money Works for You program has proven successful in helping low-income people save and obtain their dream of purchasing a home, attending college, or starting their own business.
Overview
GECAC's Money Works for You program is designed to help low-income individuals and families save money through a matched savings program. Participants receive a 1:1 match on their savings. Those saving $500 will be matched with $500 for a total of $1,000 for a home purchase, small business, or college tuition. Participants will participate in a financial and money management workshop series.
Thank you to the following banks that will waive all fees for participants to open savings accounts:
- Erie Federal Credit Union
- First National Bank
- Marquette Savings Bank
- Northwest Bank
- PNC Bank
Enrollment
- Reside in Erie County
- The family income is within 200% of federal poverty guidelines or
- Temporary Assistance for Needy Families eligible, or
- Eligible for the Earned Income Tax Credit
