Matched savings help families save for their futures
Active Parents of Nixon (Padres Activos de Nixon) is a COFI parent team at Nixon School working to address asset building, little by little. On Chicago’s Northwest side, the parent team partnered with the Northwest Side Housing Center and a local bank, Wintrust, to open matched savings accounts. Seven families saved at least $250 each, which was matched by the bank for a total of $3,500 saved!
Parent leaders also hosted a workshop on the Federal Deferred Action Immigration policy. Some families plan to use their savings to pay the cost of applying for legal status, while others are saving for their children’s college funds.