The Financial Stability Alliance for South Central Indiana was formed in the spring of 2010 when United Way of Monroe County brought together the many nonprofits, financial institutions, and local government agencies that were helping residents build financial stability. The FSA partners knew they had the opportunity to make these programs and services more successful if they were planned comprehensively, linked to one another, and well known by other service providers. Since then, the Financial Stability Alliance has worked effectively to foster community-wide collaboration around financial stability and asset development, and to bring together partners concerned about the economic stability of individuals and families in our community.
Mission and Activities
The Financial Stability Alliance for South Central Indiana increases collaboration and information sharing among financial stability partners and service providers in Brown, Greene, Monroe, and Owen counties. FSA, in partnership with United Way of Monroe County, actively develops and distributes relevant financial information and resources, hosts events and trainings, and works to expand financial stability in the region including insurance, lending, leasing, savings and investments. The Alliance is the lead partner in several community-wide initiatives and events, including Bank On Bloomington, the Free Community Tax Service, Money Smart Week, and Share and Connect to Increase Financial Stability in South Central Indiana.
FSA Steering Committee Partners
The Financial Stability Alliance is a partnership between United Way of Monroe County and several community organizations:
Amethyst House · Area 10 Agency on Aging · Bloomington Housing Authority · City of Bloomington – Housing and Neighborhood Development · Indiana Legal Services · Indiana University Office of Financial Literacy · IU Health Bloomington Positive Link · Ivy Tech Community College- Bloomington · LifeDesigns, Inc. · Middle Way House · Monroe County Public Library · Monroe County United Ministries · Salvation Army · South Central Community Action Program · Southern Indiana Center for Independent Living · Stepping Stones · Stone Belt · WorkOne
In addition to support from United Way of Monroe County, the Financial Stability Alliance and its various initiatives have been funded by grants from Walmart, the Internal Revenue Service, and the Indiana Family and Social Services Administration.