Workshop course

Casa ALBA Melanie will lead a financial education workshop in Spanish in Green Bay

GREEN BAY – The first of its kind, a new course aims to help people in the Latin American community better understand finance, credit and future planning.

It’s an initiative of José Villa, a loan officer at Fox Communities Credit Union who works with Casa ALBA Melanie, a Hispanic resource center serving the Green Bay area.

Classes will define what financial education is and focus on the basics like budgeting, borrowing, insurance, and saving. This three-session, two-day workshop will be led by Villa and Christian Méndez, Director of Diversity at Nicolet Bank.

There is no cost, but attendance is limited due to space at Casa ALBA Melanie, 314 S. Madison St., Green Bay.

Villa believes this workshop could help the Hispanic community learn financial literacy and be better prepared in the future to weather tough times. Latinos have been hit hard during this pandemic, and many may not have the good credit rating needed to access loans.

“It’s hard to see, just because a lot of them aren’t able to get a loan, because they haven’t managed or managed their credit appropriately,” Villa explained.

The first day of the program is scheduled for 5 p.m. on February 10 and will include an introduction to understanding the importance of financial literacy, as well as budgeting and organizing finances, and information on how to save, to share and spend money.

From 10 a.m. to 11 a.m. on February 11, the second day of the course will teach participants the basics of borrowing, credit scoring, understanding insurance, and one of the most important aspects, saving for the future. There will be a Q&A segment after each session.

“I think most of our members in the Latino community are living paycheck to paycheck, and in fact, they could do better,” Villa said. “We want to teach them how to budget and organize themselves so they can make better decisions.”

The class is for Spanish speakers only, but Villa hopes it will be the first in a long series; he expects other experts to follow in his footsteps and prepare similar activities in other languages.

“It’s sort of a pilot project, but hopefully it will kick off and really help, so we can kind of scale it out to different groups in our communities,” Villa said.

The course is reserved for young adults or adults only. To reserve a spot, call Casa ALBA Melanie at 920-441-0104.

Ariel Perez is a business reporter for the Green Bay Press-Gazette. You can reach him at [email protected] or check out his Twitter profile at @Ariel_Perez85

This article originally appeared on Green Bay Press-Gazette: Green Bay: Casa ALBA Melanie Plans Hispanic Financial Literacy Course