GE Capital Bank and the Salt Lake Community Action Program (SLCAP) are hosting a financial literacy seminar tonight for parents whose children are enrolled in the new Head Start South Salt Lake facility. In addition, GE Capital Bank is providing SLCAP with a grant for its Head Start out-of-school and early childhood development programs across Salt Lake County.
SLCAP is one of the 2014 recipients of GE Capital’s “In the Community, for the Community” (ICFC) initiative. ICFC is the signature corporate citizenship program of GE Capital, Americas, which focuses on three components: financial support, volunteerism, and skill building.
During the seminar, parents will hear from AAA Fair Credit Foundation, Community Health Centers and the Community Development Corporation of Utah about the financial literacy resources available to them. About 50 parents are expected to participate.
Meanwhile, Head Start children will be engaged in financial literacy activities facilitated by GE Capital Bank employees. At the end of the evening, each child will go home with a piggy bank.
“The average income of a family of four in our program is just over $14,000 per year,” said Joni Clark, chief development officer of SLCAP. “Often times, our families are faced with a choice between putting food on the table or paying a bill. Providing them with financial literacy resources can help them when they’re managing an already fragile budget.”
Earlier this year, local GE Capital Bank leaders shared GE’s well-known Change Acceleration Process (CAP) and SimpLEAN programs with Head Start’s executive leadership team. CAP training helps alleviate the anxiety that comes from change and encourages strategies to embrace further challenges. SimpLEAN training helps participants learn how to reduce non-essential activities and simplify processes.
Clark explained that the agency has gone through dramatic changes in culture, leadership and approaches to serving clients. “The technical assistance that GE provided was integral in streamlining our strategic process. It also taught the leadership team how to communicate these changes to all employees,” she added.
SLCAP’s Head Start program facilitates a school-readiness curriculum that includes literacy, language, science, mathematics, and social-emotional development to low-income children in Salt Lake County. It also provides medical and dental services and healthy meals and snacks in addition to play opportunities.
About GE Capital Bank
GE Capital Bank (gecapitalbank.com) is a Utah state-chartered industrial bank owned by GE Capital. It acts as a multi-product commercial finance bank that uses deposit accounts to fund commercial loans and leases. This allows it to cost-effectively provide financing to small to mid-sized customers that are integral to the health of the U.S. economy. GE Capital Bank’s customers are found in the construction, material handling, trucking, healthcare and franchise industries as well as the inventory financing space, among others. It is a member of the Federal Deposit Insurance Corporation (FDIC).
GE Capital (gecapital.com) offers consumers and businesses around the globe an array of financial products and services.
GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.