As the new year begins, Purdue Federal Credit Union reflects on another impactful year of the Financial Empowerment Program. The program was designed to equip individuals with essential tools, resources, and knowledge to take control of their financial future. This is done by empowering participants with skills in budgeting, saving, debt reduction, and other vital aspects of money management, fostering improved financial stability and confidence. The program focuses on tailoring resources to meet participants' individual needs, which ultimately helps them thrive.
Throughout 2024, the Financial Empowerment Program engaged 12 members who participated in workshops, individual coaching, and educational sessions. Among these success stories is Lamont Outlay, a program member whose inspiring financial turnaround highlights the program's profound impact.
“After being incarcerated for six years, I came home unsure of where to start. Through this program with Purdue Federal, I gained access to services, which helped me rebuild my financial foundation," shared Outlay."When I started, my credit score was nonexistent, and I struggled to access any financial opportunities. However, in just over a year, my credit score had risen to 720. I now have a personal loan, steady income flowing into my checking and savings accounts, and I’m on track to apply for a home loan with Purdue Federal within the next year,” Outlay explained.
He credits his success to the personalized support he received, especially from Colleen Shepherd, community outreach director at Purdue Federal. “My experience has been overwhelmingly positive, largely in part to Miss Colleen Shepherd, who has been by my side every step of the way. She’s helped me set up appointments, answered all my questions, and ensured I had everything I needed. The entire Purdue Federal staff has been incredibly supportive, making me feel valued and empowered throughout this process,” Outlay added.
This success story underscores the Financial Empowerment Program's mission to transform lives. Purdue Federal Credit Union remains committed to expanding this initiative to reach more members in the community. Moving forward, Purdue Federal plans to expand the program’s reach, ensuring even more individuals have the opportunity to take charge of their financial futures.
For more information about Purdue Federal Credit Union’s Financial Empowerment Program, visit PURDUEFED.COM/EMPOWERMENT.
