Financial Advancement Network
(FAN) Club
The Financial Advancement Network (FAN) Club is an initiative of the Urban Affairs Coalition that is supported by the Coalition’s Community and Economic Department (CED). The CED’s mission is to bring capital to communities by building bridges between low- and moderate- income areas and mainstream financial institutions.
Mission
Through the combination of financial education and peer support, empower individuals to take charge of their financial lives.
About FAN Clubs
Launched in 2004, Financial Advancement Network (FAN) Clubs are groups of five to 20 people gathered together by a Host Agency who commit to meeting together on a regular basis to improve their money management habits, get their financial situations under control and go after their financial goals. The common bond may be place of employment, school, church or temple, community organization or a social service agency.
Each FAN Club meets for six sessions, conducted by an expert in topics such as saving for tuition, paying down debts, improving credit scores or implementing a balanced budget. FAN Club members are encouraged to share with each other their progress in reaching personal financial goals.
FAN Clubs may be organized according to different levels of sophistication, subject matter, purposes and types of members. Basic Track: managing a checking and savings account, creating and using a spending plan, and using and establishing good credit. Advanced Track: personal financial planning, retirement planning, investing, risk management and insurance, wills and estate planning. Thematic Tracks: investment, credit-building and homeownership.
Getting a FAN Club off the ground
Once a local community group, place of employment or school commits to hosting a FAN Club at a particular site, the Urban Affairs Coalition trains the club hosts to start the club and recruit members. The Coalition continues to work closely with both the host and the club leaders (President and Vice President) to help make individual clubs a success.
For more information
Contact Shante Antrom-Gowans, program manager, 215-851-1740 or sgowans@gpuac.org.
FAN Club newsletter, Summer 2010
1207 Chestnut Street, 7th Floor