STAFFORD, Texas, Oct. 29, 2024 (Globe Newswire) — Money Management International (MMI), a leading nonprofit financial counseling organization, is partnering with USAA to fund financial preparedness programs for military families. received a grant from. The program is designed to provide comprehensive financial crisis and housing counseling to hundreds of military personnel, including active duty, veterans, reservists, and their families.
Jim Triggs, President and CEO of MMI, said: “With this generous grant, we will expand our efforts to address the unique economic challenges faced by military families and help them achieve financial stability and security.”
The Financial Preparedness Program for Military Families is designed to help military members and their families weather financial crisis while improving their long-term financial health. MMI’s certified financial counselors provide individualized counseling, coaching, and debt management with a focus on stabilizing at-risk households and ensuring housing stability. The program also aims to provide active duty military personnel with the tools and knowledge necessary to transition to civilian life.
“Military families face a variety of financial stressors, from frequent relocations to the disruption of a spouse’s employment to the challenges of returning to civilian life,” said Justin, USAA’s AVP of Corporate Responsibility. Schmidt said. “We are honored to partner with MMI to provide these families with the financial guidance they need to overcome these challenges and build a secure future.”
In addition to individual counseling, program participants have access to MMI’s full range of educational resources, including the Military Reconnect program. The program provides customized online learning tools and resources free of charge through MMI University to address the specific financial needs of military families.
MMI has a long history of supporting military clients. One in six people who receive MMI counseling are active duty or veterans. MMI counselors are trained to holistically consider each client’s financial situation and provide advice and solutions for issues such as unmanageable debt, housing instability, and credit improvement.
MMI’s services are available to military personnel stationed nationwide and overseas. The organization’s digital platform and 24/7 call center allow clients to access help when and where they need it.
The impact of MMI’s work is evident in the success of our clients. With help from MMI, Joseph, a veteran from Virginia, paid off more than $93,000 in debt and improved his credit score by more than 100 points. “I’ve been in financial trouble twice over the years for various reasons. I contacted MMI and their staff were wonderful to work with,” he said. “It’s a great opportunity. It gives you some breathing room and a chance to rebuild what you once had.”
MMI continues to make a huge difference in the lives of military families through its Financial Readiness for Military Families program, helping them overcome financial hardship and secure stable, affordable housing.
About MMI
Money Management International (MMI) has been at the forefront of financial health solutions for over 65 years. As a leading nonprofit organization, MMI is dedicated to changing the way America overcomes financial challenges by providing timely, expert guidance. Recognized by leading financial institutions and media outlets, MMI’s programs help individuals achieve their financial goals and promote financially healthy lives. For more information, please visit MoneyManagement.org.
For information about the MMI Consumer Distress Dashboard or to schedule an appointment with an MMI expert or debt management client, please contact us below.
Thomas Nitzsche, 404.490.2227, Thomas.Nitzsche@MoneyManagement.org
Lori Geary, 404.551.2151, lgeary@lexiconstrategies.com
