Southwest Detroit’s Community Health and Social Services Center (CHASS) to Host Financial Literacy Classes in Partnership with Level One Bank
FOR IMMEDIATE RELEASE: July 2013 Contact: Lexi Cerilli/ Justin Fisette: (248) 626-0006
FARMINGTON HILLS, Mich., - Community Health and Social Services Center (CHASS) of Southwest Detroit is partnering with Level One Bank to implement a four-part financial literacy course to help the community members prioritize and plan their monthly expenses while saving for the unexpected. The first class took place on Thursday, July 25, 2013 at CHASS of Southwest Detroit.
The four-part course will include classes in grocery budgeting, household expenses, common banking scams, checks vs. money orders and the danger of payday advances. Courses are designed to help the Southwest Detroit community by providing the tools and education necessary to understand the fundamentals of financial management and household budgeting.
“Education is a vital resource to the development of our local communities," said Patrick J. Fehring, President & CEO, Level One Bank. "We hope that our partnership with CHASS will empower families to continue on the path of financial literacy and enable them to make informed decisions for a successful future.”
With a shared interest in community development and local support, Level One Bank and CHASS sought to offer a new resource for community members in need of financial education. Together, Level One Bank and CHASS created a practical program to teach the basics of financial planning. The once per month classes started in July and end in October. They are free and open to the public.
CHASS is a community based non-profit organization formed to provide and support affordable and accessible services to residents of the community through comprehensive primary health care services, maintaining effective community involvement and outreach, and collaborating with community agencies to provide supportive social services. Services are specifically designed to meet the needs of underserved populations in Detroit’s multi-cultural community.
About Level One Bank
Level One Bank is a full-service, 5-Star BauerFinancial rated commercial and consumer bank committed to connecting with unparalleled service and delivering outstanding financial solutions. Owned and managed locally, Level One Bank is headquartered in Farmington Hills, Michigan with assets of approximately $500 million. It currently operates seven full-service banking centers, located throughout Oakland County and the surrounding communities. Level One’s Commercial Division provides a complete menu of products including lines of credit, term loans, commercial mortgages, SBA loans, Export-Import Financing and a full suite of Treasury Management services. The Consumer Division offers personal savings and checking accounts, including free checking and competitive interest-bearing accounts such as Money Markets, IRAs, and CDs. The bank also provides a complete array of consumer loan products including residential mortgages, home equity, auto, and credit card services. Level One offers the sophistication of a big bank, the heart of a community bank, and the spirit of an entrepreneur. For more information, please visit www.levelonebank.com.