CESI's CLC Celebrates A Year of Providing Financial Wellness Program to Local Employers

By: Consumer Education Services, Inc.
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* Raleigh - North Carolina - US

RALEIGH, N.C. - June 25, 2019 - PRLog -- The Community Loan Center of the NC Triangle (CLC), a holistic employee financial wellness program offered by Consumer Education Services, Inc. (CESI) to employers throughout the region, is celebrating its one-year anniversary. CESI, a non-profit that provides comprehensive personal financial education and solutions with the goal of enhanced economic security for everyone they serve, launched the CLC to offer Triangle employers a no-cost way to easily assist their employees with both long-term and short-term financial needs.

The CLC of the NC Triangle is a benefit available at no cost to businesses and provides employees with access to affordable employment-based emergency loans up to $1,000 to help cover unexpected costs, as well as confidential credit counseling services and financial education to help address long-term financial issues. Employees have one year to repay the loan through payroll deduction. No credit check or collateral is required, but loan payments are reported to a national credit bureau, helping build the employee's credit profile.

The CLC of the NC Triangle is an affiliate of the Community Loan Center of America, a Texas-based non-profit financial services firm which operates a network of affiliated programs nationwide. The group of approximately 20 affiliated programs just offered its 50,000th loan, cumulatively. The CLC of the NC Triangle is the first and only associated program in North Carolina and recently offered its 175th loan.

"It's incredibly humbling to look back and see how much help we've been able to provide in just 12 short months," said Kerry Bashaw, Director of Community Development at CESI. "Employees sometimes face an unexpected financial burden like a car or home repair, which can potentially be devastating for those who do not have enough savings. We're incredibly proud of the 175 loans we've been able to offer through the CLC and the feedback we're getting from our employee partners makes us even more excited for the future of the program."

The CLC of the NC Triangle has partnered with multiple employers throughout the region. Baker Roofing recently signed on to offer the benefit to its more than 1,200 employees as well.

"Baker Roofing has always cared about the well-being of its employees and was excited to partner with the Community Loan Center of the NC Triangle to provide access to an innovative financial wellness program as an additional benefit to our staff," said Gissela Cornejo, Vice President of Human Resources at Baker Roofing.

This revolutionary program is currently available to employers throughout central North Carolina. More information about the program and its benefits for both employers and workers can be found at www.clctriangle.org

Lindsay Priester, Green Light Communications
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Location:Raleigh - North Carolina - United States
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