National Foundation for Credit Counseling Receives New $500,000 Grant From TD Bank

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TD Bank commits to NFCC's program of support for small business owners along Eastern Seaboard through financial counseling.

We value this opportunity to continue collaborating with TD Bank to provide counseling to self-employed consumers, particularly those in BIPOC communities who may be struggling disproportionately.

The National Foundation for Credit Counseling (NFCC) has received grant support from TD Bank, that aims to deliver financial counseling and education to small business owners from Maine to Florida. The new grant focuses on self-employed individuals whose challenges with personal finances may be adversely affecting their business.

“We know that many small business owners continue to struggle financially from the impacts of the COVID-19 pandemic and economic uncertainty,” said NFCC CEO Mike Croxson. “We value this opportunity to continue to collaborate with TD Bank to provide counseling to consumers who are self-employed, particularly those in BIPOC communities who may be struggling disproportionately.”

"TD is proud to support NFCC's small business credit counseling program because we know that successful small businesses are critical to economic success in communities across our footprint, " said Shelley Sylva, Head of US Corporate Citizenship at TD Bank. "At TD we work hard every day to try to make a positive impact on the communities we serve. Through this program, NFCC will support entrepreneurs and small business owners to take their businesses to the next level!"

This newest initiative is designed to assist small business owners as they transition from consumer financial products to more appropriate business-oriented products and services. NFCC services include a customized curriculum, additional counselor training, certification, technology enhancements and development of program materials. Additionally, this grant calls for NFCC to host a series of quarterly online workshops, providing access to learning resources to small business owners located in the TD Bank geographic footprint.

“Our experienced, certified counselors help self-employed individuals identify and overcome financial challenges which may be hindering business growth,” said Barry Coleman, NFCC’s vice president of Program Management and Education. “Our core small business owner financial education curriculum provides deep-dive education on subjects specific to the needs of small business owners, such as managing personal versus business income and expenses; understanding and managing cash flow; and understanding personal versus business credit.”

About the NFCC
Dedicated to educating Americans about how to reduce personal or household debt responsibly, the National Foundation for Credit Counseling (NFCC) is a trusted, nationwide resource for education and support in building financial management skills. Through its network of nonprofit agencies and certified counselors, the NFCC offers impactful approaches to debt reduction and improved credit standing, whether consumers are struggling with credit card debt, decisions about housing, or student loans. For more information about the NFCC or to be connected to a certified counselor, please call 800-388-2227 or visit http://www.nfcc.org.

About TD Bank, America's Most Convenient Bank® 
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing over 9.8 million customers with a full range of retail, small business and commercial banking products and services at more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Auto Finance, a division of TD Bank, N.A., offers vehicle financing and dealer commercial services. TD Bank and its subsidiaries also offer customized private banking and wealth management services through TD Wealth®. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit http://www.td.com/us. Find TD Bank on Facebook at http://www.facebook.com/TDBank and on Twitter at http://www.twitter.com/TDBank_US and  http://www.twitter.com/TDNews_US.  

TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit http://www.td.com/us.

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Bruce McClary
NFCC
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Miranda Garrison
TD Bank
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