Safe Financial Products

The Mexican American Opportunity Foundation (MAOF) is a non-profit, community-based organization that was established in 1963 in order to serve disadvantaged individuals and families in the Los Angeles area. MAOF is the largest Latino-oriented, family services organization in the United States, and has achieved this status by providing high-quality social services and programs to those communities where the need is the greatest. Programs include Payday Relief Fund Program in partnership with the ESUSU, a financial technology platform helping individuals pay off high-interest loans, save money, and build credit as well as financial coaching and employment coaching assistance. Services are available in English and Spanish.

Populations Served: LA County

Phone Number: (323) 890-1559

Email: [email protected]

The BankOn Los Angeles County Coalition is managed by the LA County Department of Consumer and Business Affairs’ Center for Financial Empowerment. They work with community organizations, county departments, and financial institutions to increase access to mainstream bank accounts. This helps avoid expensive alternative financial services and puts you on a path to increased savings and financial empowerment.

Populations Served: LA County

JFLA is a nonprofit organization that provides loans with no interest, fees, or collateral requirements. They issue short-term loans to put toward any emergency bills, COVID relief loans for personal expenses, COVID relief loans for small businesses, and education and wellness loans. Services are provided in English.

Populations Served: LA County

CalSavers is California’s new retirement savings program that will offer millions of workers in California the opportunity to get on track for the future. CalSavers is available to California workers whose employers don’t offer a workplace retirement plan, self-employed individuals, and others who want to save extra. Savers contribute to an Individual Retirement Account (IRA) that belongs to them.

Populations Served: State of California

Employer Assistance: (855) 650-6916

Employee Assistance: (855) 650-6918

Email: [email protected]

Experian’s free feature allows users to connect utility and telecom accounts to the Experian credit report, which can potentially raise a credit score by linking monthly bills. Services available in English.

Population Served: Nationwide

The FreeFrom team is made up of survivors. We envision a world in which all survivors are able to build the wealth and financial security necessary to support their individual, intergenerational, and community healing — enabling them to thrive. Survivors of domestic violence could be eligible for money to cover some of the costs of the harm experienced. Services available in English.

Population Served: Domestic Abuse Survivors

Inclusive Action for the City is a community development organization whose mission is to bring people together to build strong, local economies that uplift low-income urban communities through advocacy and transformative economic development initiatives. Programs include a Micro-loan initiative that provides low-interest loans to entrepreneurs. Services are provided in English and Spanish.

Populations Served: LA County

Phone Number: (323) 604-9765

Email: [email protected]

Access free credit reports from Experian, Equifax, and TransUnion. Services are available in English.

Population Served: Nationwide

Phone Number: (877) 322-8228

Beginning March 2022, all first graders enrolled at an LAUSD elementary school will have a college savings account automatically opened for them. Each account will have an initial $50 deposit. Throughout the school year incentives will be offered to parents to contribute to their children’s account. Children who attend an LAUSD school but reside in an unincorporated area are included in the program. A Social Security Number is not required and there is no income requirement to participate. The City of Los Angeles serves as the account custodian for all accounts.

Populations Served: Los Angeles Unified School District Parents/Students
Email: [email protected]
Program phone number: (213) 820-4283

There is no time like the present to start preparing for your child’s education with the State of California college savings program. Information is available in English & Spanish.

Populations Served: State of California

Phone Number: (800) 544-5248

Hours of Operation: Monday – Friday, 8:00am 7:00pm