Los Angeles, CA (May 22, 2025) |
Farmers Insurance Federal Credit Union (FIGFCU), is proud to announce its partnership with The RightWay Foundation, a nonprofit organization that provides mental health services, job readiness training, and life skills support to enable youth transitioning out of the foster care system and into adulthood to live independent, stable lives.
This collaboration represents a shared commitment to creating lasting, positive change in the lives of current and former foster youth, particularly in underserved communities across Los Angeles. Through this initiative, FIGFCU is offering vital financial education workshops, one-on-one financial counseling, and access to products and services designed to help young adults achieve economic stability and long-term financial wellness.
“At FIGFCU, we believe that financial empowerment is a cornerstone of personal growth and independence,” said Kathy Chicas, Chief People Officer, FIGFCU. “Partnering with The RightWay Foundation allows us to extend our mission as a not-for-profit, Member-owned financial institution to help Members live their best financial lives. Providing financial education for these ambitious youth enables them to take control of their financial futures and empowers and gives them confidence as they begin their journey into independence.”
The RightWay Foundation has been instrumental in addressing the unique challenges faced by foster youth aging out of the system—challenges that often include housing insecurity, limited access to employment, and a lack of financial education. By integrating FIGFCU’s expertise in financial services with The RightWay Foundation’s holistic support programs, this partnership seeks to break the cycle of poverty and instability many foster youth experience as they age out of the system.
"Financial literacy is often overlooked when it comes to foster youth. Many transition into adulthood without a clear understanding of how to manage money, and, too often, they end up struggling financially,” said Franco Vega, Founder and CEO at The RightWay Foundation. “That's why we're excited about our partnership with FIGFCU and the valuable tools and knowledge our young adults will gain through this collaboration."
The partnership kicks off with a series of online financial education sessions led by FIGFCU’s experienced educators and volunteers committed to community uplift and youth advocacy. All sessions will be presented online at noon PT, enabling participants to attend from wherever they are.
- Friday, May 23: Savings & Budgeting – Students will learn how to create a budget to help them achieve their financial goals.
- Friday, June 27: How Credit Unions Help You Achieve Financial Goals – Students will discover the differences between a bank and a credit union.
- Friday, July 25: The 3 B’s of Credit: Build, Budget & Balance – Students will learn about credit and how to use it wisely.
- Friday, August 29: Consumer Loans & Credit Cards – Students will acquire skills for handling credit cards with discipline to avoid racking up large charges.