FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Effective today, GreenPath Financial Wellness, a national nonprofit that provides financial counseling and debt management services, is affiliating with Consumer Credit Counseling Service of Puerto Rico (CONSUMER), a nonprofit financial education and counseling organization based in San Juan, Puerto Rico. CONSUMER also has a strong presence in Central Florida.
Together, GreenPath and CONSUMER will offer increased support to the 3.2 million people who call Puerto Rico home – helping them balance their budgets, reduce debt, rehabilitate their credit, acquire their first home, recover from storms, and regain financial peace of mind. While both organizations will continue to operate under their respective brands, the affiliation will facilitate greater shared resources, efficiencies, reach and capacity in these markets. Both organizations are members of the National Foundation for Credit Counseling (NFCC) and are accredited by the Council on Accreditation (COA). CONSUMER clients can expect the same local, in-person service and will also have access to expanded counseling programs and new technology tools through GreenPath.
98 percent of Puerto Ricans identify as Hispanic and 62 percent of the U.S. population growth between now and 2025 will identify as Latino. GreenPath currently provides the option for a Spanish-speaking counselor across all services and about 25% of GreenPath’s client-facing employees identify as Hispanic or Latino. With a physical presence and heightened engagement in Puerto Rico and Central Florida, GreenPath will be able to strengthen its Latino growth initiatives. The affiliation will serve as an incubator for cultural insights, helping GreenPath develop new programs and digital platforms that meet Latino needs.
“GreenPath serves thousands in Spanish-speaking communities today and yet there are millions more we can help in profound ways,” said Kristen Holt, GreenPath President and CEO. “We are committed to our Inclusion, Diversity, Equity, and Access (IDEA) work. This includes creating robust programs and access to services that help reduce wealth gaps for the U.S. Latino community. Together, our two teams will work seamlessly using our knowledge and experience to make that happen.”
Eugenio Alonso, CONSUMER President and CEO said: “GreenPath came to us with a strong desire to expand in communities that CONSUMER serves already. GreenPath has established strategies and infrastructure that will empower us to be the leading financial wellness provider for Spanish-speaking communities.”
The GreenPath family of companies now include CONSUMER, Homeownership Preservation Foundation, Clarifi, and Rural Dynamics, Inc. Last year, GreenPath provided more than 88,000 financial counseling services to people nationwide, helped more than 18,000 households avoid foreclosure and repaid more than $185 million in consumer debt.
About GreenPath
As one of the largest financial counseling agencies in the nation, for more than 60 years, GreenPath Financial Wellness has assisted millions of people with debt and credit management, student loans, homeownership, and foreclosure prevention. Headquartered in Michigan, GreenPath and its affiliates work directly with individuals and 580+ credit union, bank, retirement/insurance and employer partners across the U.S. from more than 20 locations and through phone access and online tools. GreenPath is a member of the National Foundation for Credit Counseling and is accredited by the Council on Accreditation. To learn more, visit www.greenpath.org or call 866-648-8122. Follow the nonprofit on Facebook and Instagram @greenpathfinancial and on Twitter @GreenPath.
About Consumer Credit Counseling Service of Puerto Rico
Consumer Credit Counseling Service of Puerto Rico is headquartered in San Juan, Puerto Rico and is a not-for-profit, mission-driven and community-based organization founded in October 1990 with the objective of providing quality education and financial counseling services to consumers. Since inception, the organization is helping thousands of consumers from all nationalities regain control of their personal finances. CONSUMER’s mission is to educate and contribute to the financial wellness of consumers and other entities, recognizing the same as a right of everybody. CONSUMER is a member of the National Foundation for Credit Counseling and is accredited by the Council on Accreditation. To learn more, visit www.consumerpr.org or call 1-855-717-2227.
