The Office of Financial Empowerment and Community Wealth is a dedicated division of government that champions personal financial stability programs and policy priorities, such as one-on-one financial counseling and safe banking.
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OFE is a result of the City's participation in the national nonprofit organization the Cities for Financial Empowerment Fund’s (CFE Fund’s) Financial Empowerment City initiative.
Tulsa is one of six municipal governments chosen for this inaugural cohort of Financial Empowerment Cities, and will receive extensive training and technical assistance over two years to create an Office of Financial Empowerment and Community Wealth that institutionalizes local financial stability programming and policy efforts in the City of Tulsa.
The CFE Fund’s Financial Empowerment Cities (FE Cities) initiative helps municipal partners institutionalize and catalyze financial stability efforts through the formal launch of an Office of Financial Empowerment (OFE), led by local leaders trained as National OFE Leaders. The country’s first wave of Offices of Financial Empowerment - such as in New York City, San Francisco, Denver, Lansing, and St. Paul - have created vibrant opportunities locally.
In addition to conceiving of, resourcing, and running large scale programs like Financial Empowerment Centers, Bank On coalitions, child savings programs, and consumer financial protection programs, these OFEs also have been positioned within their administrations to play key roles in financial justice efforts, emergency services, and more.
Guided by the CFE Fund, FE Cities cohort partners will incorporate key lessons learned from these pathbreaking cities into their vision and strategy for creating an OFE that has meaningful impact on the financial stability of its residents.
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