Potential Reentry Opportunities in Business and Education
A Matched Savings Account Program for Eligible Families
The FSA Program may be able to help...
The Financial Literacy Project
of Lebanon County
P.R.O.B.E.
717-273-2090
info@probepa.org
The Savings Plan
Participants agree to save at least $10 per week in a restricted savings account for 12 months to two years.
Each account holder can receive up to $2,000 in matched funds to go toward their goal, after successfully completing all program requirements.
Learning to save $10 a week can seem challenging at first, especially in families with limited income. Experience has shown that motivated individuals can and do achieve the goal. Some families develop new spending priorities, while others find temporary part-time work to boost their monthly income.
Financial Education
All participants will take part in at least four financial workshops during a two-year period. These free workshops provide a basic understanding of personal money management, credit repair, savings and investing, loans, homeownership, and more.
The Family Savings Account Program...
...Is a statewide matched savings program for low- to moderate-income individuals and families. Its goal is to encourage financial independence through savings, money management education, and asset accumulation.
Successful account holders can save enough to put a down payment on a home; fund approximately one year’s tuition at a Pennsylvania community college; or provide equity in a business to obtain a micro loan.
Participating Financial Institutions
Program participants may choose to open their savings accounts at one of the following financial institutions:
• Fulton Bank
• Jonestown Bank & Trust Co.
• Lebanon Federal Credit Union
• Northwest Savings Bank
For More Information...
If you are interested in finding out more about the Family Savings Account Program, contact:
The Financial Literacy Project
of Lebanon County
C/o P.R.O.B.E.
815 Cumberland St., #206
Lebanon, PA 17042
717-273-2090
info@probepa.org
AND...
Pennsylvania
Credit Union Foundation
A Community Needs Impact Grant through
the
United Way of Lebanon
The Family Savings Account Program is a key component of the Governor’s Project for Community Building, which is administered by the Pennsylvania Department of Community & Economic Development
