Trustmark National Bank, State Bank and Trust and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded $32,000 in Partnership Grant Program (PGP) grant funds to Mississippi Community Financial Access Coalition (MCFAC), to promote financial literacy in Mississippi.
MCFAC will use the PGP funds for organizational capacity building, to hire grant-writing consultants and for research and contractual services.
“Our mission is to serve underbanked and underserved Mississippians and help them achieve financial literacy through access to resources such as financial education boot camps and more,” said Latah Holloway, program director at MCFAC. “We’re so thankful for the grant funds because they will further our reach within the community and advance our mission in a meaningful way.”
The check presentation took place at Jackson State University (JSU), one of MCFAC’s partners. Christina M. Berry, director of the JSU Center for University-based Development, said the grant funds will help reverse the cycle of generational poverty because of the lack of financial knowledge.
“The financial literacy workshops provided by MCFAC have enabled the community to improve their knowledge in financial tools that can build wealth and improve credit scores,” she said. “These funds allow them to continue their mission.”
The next series of financial literacy workshops is listed below.