Who we are.
The ABEP Financial Empowerment Center (FEC) is a program that works with residents within the community, who may be unbanked, underbanked, or victims of predatory lenders, or other fringe banking outlets.
The FEC serves as a trauma-informed hub for wealth-building and financial well-being in Minneapolis & other BIPOC communities across Hennepin and Ramsey Counties. Services include access to financial literacy workshops as well as personalized one-on-one financial coaching and counseling.
The FEC will foster financial inclusion and improve the economic well-being of families through access to trauma-informed resources that will help them plan for their financial futures.
“Hold on to your dreams of a better life and stay committed to striving to realize it.”
— Earl G. Graves, Sr.
What we do & why we do it.
ABEP was built on the vision of economic power and establishing a positive relationship with a thriving financial institution geared to the community’s needs.
Through financial education, participants will become empowered through their knowledge and understanding of their personal finances. With this level of knowledge and understanding, the programs provided through the FEC will enable participants to work with financial institutions from a position of economic power
How we do it?
We do it by offering culturally-rooted and trauma-informed education and coaching, that promotes saving, reducing debt, and moving toward financial independence and wealth-building. The program will help residents plan for their financial futures and build their skills around money management, budgeting, credit and debt solutions, and saving for the future.
ABEP’s FEC is designed to help break the cycle of poverty in which many families find themselves trapped.
The FEC will use innovative techniques in its focus on healing from financial trauma.
The FEC’s involvement and direct connections in the community play a huge role in identifying and articulating the definition of success and financial well-being. While basic financial literacy and budgeting skills are certainly one focus of the education and support, the program will also provide a range of other services focused on changing individuals' personal relationships with money.
As individuals become more empowered in their financial education, this knowledge h will ignite the entrepreneur mindset to create small businesses, become homeowners, and investors, and move down the path of creating generational wealth.
What is the cost of participating?
All services are provided at no cost to the participants.
How “you” can support the FEC?
Support through sponsorships, grants, and general contributions are all highly effective ways to contribute to the mission of empowering individuals and communities to achieve financial stability and independence. Here are several ways to put your support in action:
Check out our sponsorship packages and select one that works best for you.
Contact us about possible grant opportunities that may support our efforts.
Become a regular supporter by making a monthly contribution. (Coming soon)
Share what we’re doing with others so they can be a part of the solution too.
Your active support of the ABEP Financial Empowerment Center (FEC) helps us deliver this much-needed service free of charge to those who need it most. For more information call 612-588-7821.