TD Bank recently awarded United Way of Greater Union County a $10,000 grant to support a Financial Stability initiative. "Earn It, Keep It, Save It," is United Way's three tiered approach for Union County residents, which provides a system of resources to families and individuals to gain educational opportunities to earn a livable wage, keep that wage through maximizing their Income Tax benefits by filing for the Earned Income Tax Credit (EITC) and learning to save by understanding the fundamentals of financial management. The Earned Income Tax Credit is an additional tax credit available to working low-income families and varies in size depending on income level and the number of children in the home. In addition to EITC, there are programs such as NJ Family Care, Food Stamps, and Women Infant and Children (WIC) that are available to qualifying individuals and families geared towards supplementing an existing income that is not a livable wage for the local area in which the family resides.
"Providing awareness and availability to the public for the Earned Income Tax Credit Program and other income subsidy benefits are essential," says James W. Horne, Jr., President & CEO of UWGUC. " With this county-wide system approach to Financial Stability, United Way is able to more effectively utilize financial resources from various private and public funding streams to increase the positive measureable outcomes in the community."
Utilizing UWGUC's five established Family Success Centers, which are community-based, family-centered neighborhood gathering places where residents can go for various support, information and services, United Way is able to ensure that services are culturally competent for the community being served and easily accessible to the residents.
TD Bank proudly supports this program because it will supports the basic needs of Union families while increasing their financial education.