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Public
Employee Press MEHP workshop
teaches Financial fitness for 2009
By ALFREDO ALVARADO
With the economy
sinking deeper into recession every day, DC 37s Municipal Employees Housing
Program went on the offensive to help members cope with todays financial
turbulence.
On Jan. 10, MEHP presented a workshop at union headquarters
that provided about 100 members with valuable information on setting financial
goals, creating a budget, the basics of investing and the importance of establishing
a good credit history.
The workshop was sponsored by MEHP, which was created
five years ago after DC 37 Executive Director Lillian Roberts approached Mayor
Michael R. Bloomberg about members housing problems. Lillian Roberts
realized that it wasnt enough to fight for wages and benefits, explained
Associate Director Oliver Gray.
Today MEHP is one of the
most comprehensive union housing programs in the nation.
This program
is the first step toward a bigger plan to take control of your finances and your
future, said MEHP Program Manager Franklin D. Golding at the Saturday morning
workshop.
This is the first time I have come to an event like this,
said Local 1549 member Natalie Linton, who works at the Human Resources Administration.
I want to get some information to help me buy an apartment. Im tired
of renting.
Local 371 member Christina Lebron, is not ready to purchase
a home, but she believes the seminar has put her on the right track. Im
still in the beginning of the process, said Lebron. What I want to
do now is improve my credit rating.
Panelist Craig Williams of the
Municipal Credit Union emphasized the importance of good credit. The better
your credit score is, the more power you have, he said. Brian Gurski, director
of the Small Business Development Center at LaGuardia Community College, also
stressed the issue. Credit defines our financial opportunities; it opens
doors, he said during his presentation.
Williams reminded the members
that, unlike commercial banks who seek only to make a profit, the credit unions
mission is to serve members. Among the services that MCU offers are free financial
counseling and debt consolidation.
Other panelists included Kathy Lasri
and Erik Shumar of Amalgamated Bank, one of the sponsors of MEHP, and Zach Teutsch,
coordinator of investment education for AFSCME, DC 37s parent union. MELS
Consumer Staff Attorney Salli Barash also answered questions from members during
the question-and-answer period. The Consumer Law Unit of the unions Municipal
Employees Legal Service helps members clear up inaccurate credit reports and renegotiate
loans.
Assistant Associate Director Henry Garrido organized the workshop
after he noticed a high level of participation in a session on credit issues at
a recent MEHP housing fair. Members received a green piggy bank to help them get
started on the road to financial fitness. | |