COGIC partners with First Tennessee to offer free financial coun - WMC Action News 5 - Memphis, Tennessee

COGIC partners with First Tennessee to offer free financial counseling

(SOURCE: WMC Action News 5) (SOURCE: WMC Action News 5)
(SOURCE: WMC Action News 5) (SOURCE: WMC Action News 5)

A local church partnered with First Tennessee Bank to help individuals manage their money more efficiently.

With so many things to pay attention to -- from managing your credit, paying off debt, and saving for a future goal -- financial planning can be difficult. 

First Tennessee Bank has committed to a four year agreement with Church of God In Christ to offer financial literacy classes.

The financial counseling will take place at the Church of God In Christ and those involved said the opportunity could be life changing for many.

"I do see this as a very life changing event," Steve Swain, First Tennessee Bank, said.

The classes will teach individuals how to lower student loan debt and end the never-ending cycle of using check cashing services as banks. 

"The financial literacy program will ultimately increase the credit scores of those who successfully complete the program and it will provide training and guidance to small business owners," Robert Coleman, Church of God in Christ, said. "This effort will impact the lives of present and future generations in a positive manner."

Organizers are hoping the classes will provide Memphians a better chance to buy their dream home or send their child to college.

The classes begin the first quarter of 2017 and are free to the public. 

Classes will take place at the COGIC headquarters, located in the historic Mason Temple. An Operation HOPE financial center will also be set up in the Lelia Mason Museum at the Mason Temple as the location for the classes.

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