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NJFLAN Teaching Consumers of All Ages About Financial Responsibility

BLOOMFIELD – The Township of Bloomfield, NJ Department of Banking & Insurance, & Capital Lending Corporation are teaming up with the New Jersey Financial Literacy Awareness Network (NJFLAN) to get the message out about the importance of financial education. A ribbon-cutting ceremony will be held on Friday, August 3rd at 2 PM at the Bloomfield Public Library on Broad Street in Bloomfield, where the newest NJFLAN learning center will be open for residents. The presentation is part of an ongoing statewide expansion in personal financial education.

NJFLAN, a Department initiative, is an association of public and private organizations whose goal is to improve financial literacy awareness and responsibility among New Jersey residents. NJFLAN revolutionizes the delivery of financial education and resource materials by coordinating the distribution of these materials to consumers and all public and private organizations participating in NJFLAN.

During the past years the network opened many learning centers in libraries, community centers and schools throughout the state. NJFLAN’s site at the library is sponsored totally free of charge by Capital Lending Corp. and is serviced by Jeffrey H. Bunin, CLC Loan Officer, a resident of Bloomfield, NJ.

NJFLAN & Capital Lending Corp. made a presentation to the Mayor and the Township Council in 2006 and the center was recently installed. Financial education literature for all ages in both English & Spanish is available on many topics including: buying a car, mortgages, insurance, building wealth, understanding credit scores, etc. The library will also soon have its own NJFLAN website with more information and financial calculators. There will also be a network of financial advisors available free of charge to answer questions through a toll free number.

New Jersey is home to many organizations that offer educational materials, credit counseling and financial solutions. But many consumers do not know how to balance a checkbook and have little insight into the basic principles involved with earning, spending, saving and investing.

Anyone at any age can begin developing the tools a person needs for safe and sound handling of their finances. NJFLAN is empowering thousands of Garden State consumers who are learning how to efficiently manage their money.

Soon, NJFLAN coordinator Donta’ Bell will teach course participants about the network and its accessibility. “This statewide public and private partnership brings together state agencies, financial services associations and companies, corporate foundations and community-based organizations for the common goal of providing New Jersey residents of all ages easy access to financial education resources,” said Bell.

NJFLAN allows the state to measure improvements in financial literacy by the way financial education materials are circulated to the public. The flexibility of the network allows organizations to continue using existing financial literacy curricula of choice, but will expose more organizations to the vast financial education materials available to consumers. NJFLAN is part of the major and comprehensive financial literacy campaign the Department launched in 2005.

Contact Jeff Bunin to see how CLC & NJFLAN can serve your organization.


Visit the NJFLAn website at http://www.njflan.com/
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