Rivermark Hosts Financial Fitness Fair
Attendees heard from experts in numerous areas, including home buying, budgeting, small business finances, and more.
A dedicated team of experts, plus a few friends with valuable fraud, realty, and tax expertise, gathered from 11 a.m. to 1 p.m. on June 22 at Rivermark Community Credit Union’s Hawthorne branch in Portland for the credit union’s Financial Fitness Fair, a new, free event hosted by Rivermark.
Together, the credit union and its partners provided financial education to dozens of community members from around the Hawthorne neighborhood and empowered them to lead healthier financial lives. In a simple sense, knowledge is power, and empowered members make better financial decisions, directly translating to a stronger financial co-operative. The room was filled with lively conversation throughout the speed-dating-style event, and many participants spoke with all the experts.
Participants who attended were facing unique challenges. Here are a few ways the credit union and its partners helped:
- Setting up an incoming college freshman for success as she heads off to independence and thinks about smart borrowing.
- Helped ease the mind of a female small business owner who is approaching a major transition period in her life and her business.
- Shared with young professionals the difference between a Roth IRA and a Traditional IRA, the advantage of diversifying, and why saving matters.
- Supported a Rivermark small business owner by introducing her to new clients (she volunteered as a tax expert).
- Met members’ coworkers who joined them on their lunch break to learn about personal finance (and the Refer-a-Friend Program).
- Discovered several mortgage and investment opportunities to help people save and earn more.
- Raised funds through a raffle to benefit the Rivermark Community Fund.
The speed-dating format allowed access to financial advice from multiple professionals in one convenient place, without the pressure of a sales pitch or commitment and stress of making an appointment.
Rivermark had experts on hand and conversations were meant to be about five minutes, at which point they could exchange contact information to continue the dialogue at a convenient time. They included:
- Credit Building
- Fraud Prevention
- Home Buying
- Small Business
- Car Buying
- College Funding
A raffle featured gift cards from local small business members, like Jam on Hawthorne, Fried Egg I’m in Love, The Pie Spot, and more. Buying gift cards from business members was a no-brainer—Rivermark has a rich history of supporting the small businesses in its community, and as a financial co-operative, the credit union thrives when its members do, including those who blaze the trails of opening their own business.