Black leadership group continues financial literacy series on Saturday | Business – Local News


WATERLOO – A leadership program for African American professionals from Cedar Valley continues its virtual financial empowerment series on Saturday.

The 24/7 Black Leadership Advancement Consortium is organizing the second installment of the series, starting at 10 am. It will run for the next three Saturdays from 10 am to noon.

Keith Chappelle, Primerica’s national sales director and former University of Iowa soccer player, will facilitate this Saturday’s event. He joined Primerica in 1981 and is a champion of “How Money Works,” a program that teaches the basics of personal finance.

The kick-off event took place on July 30 and featured professional athlete and entrepreneur Herbert Washington along with several local contributors.

“Financial education is the key to financial empowerment that enables people to properly apply financial management skills in day-to-day decisions,” said Robert Smith Jr., executive director of the Center for Urban Education at the University of Northern Iowa, in a press release. He is a group organizer, also known as 24/7 BLAC.

Its steering committee met on July 22 with local banking leaders, seeking to establish an association. The purpose of the meeting and this series is to foster relationships with people who have historically had limited access to banking services. The group plans to meet quarterly.

“It’s about building and nurturing relationships,” Sharina Sallis, community relations manager for CUNA Mutual Group, said in a press release. “Lenders must do their part and recognize that they have not always intended to create relationships with underserved populations that extend beyond the ‘teller-to-customer phase.’

The initiative is a direct approach to addressing the disparities highlighted by the 2018 Wall Street 24/7 report that designated Waterloo / Cedar Falls as the worst place in the United States for African Americans in terms of social and economic disparities. Two years later, the metropolitan area ranks third.

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