Penn Community Bank is renewing its partnership with United Way of Bucks County, the County of Bucks and Credit Counseling Center for the LIFT United program. Launched in 2022, the financial stability initiative has demonstrated success in helping eligible residents increase their financial literacy, improve their credit scores and secure low-interest used car loans.
LIFT United, which stands for “Learn to Invest in Your Future and Thrive,” is designed to support ALICE (Asset Limited, Income-Constrained, Employed) households in Bucks County. Credit Counseling Center offers free financial literacy courses and one-on-one budget coaching for program participants. Successful participants receive a down payment match of up to $1,000 and a low-interest car loan secured by United Way. All loans are offered by Penn Community Bank.
“We’re thrilled to continue our commitment to LIFT United,” said Bernard Tynes, chief experience and impact officer at Penn Community Bank. “Over the past two years, we’ve seen tangible, life-changing results for working families in our community. With 71 one-on-one counseling sessions, 87 educational modules completed and 10 loans secured, the program’s success in improving financial stability and workforce participation underscores the critical need for initiatives like LIFT United.”
The program’s impact extends beyond just providing loans. Graduates who complete the full financial empowerment curriculum have seen their credit scores increase by an average of 67 points. Moreover, LIFT United graduates report missing zero days of work due to transportation issues up to nine months after receiving assistance in securing a low-interest car loan.
“We are seeing incredible results with LIFT United: 100% of folks who complete the program improve their credit score and their financial stability. Longer term, they are remaining stably employed, reporting no missed work after securing their vehicle. We are so grateful for Penn Community Bank’s help, support and wise counsel,” said Marissa Christie, president and CEO at United Way of Bucks County. “Through this program, Penn Community Bank is providing a financial resource to our Asset Limited, Income-Constrained, Employed (ALICE) neighbors, and we are seeing them thrive.”
The collaborative approach of LIFT United combines financial education with practical assistance, and has led to significant improvements in participants’ lives. Some graduates report increases in savings and income after securing better employment with the help of an affordable and reliable vehicle.
“This program did far more than help me with a vehicle,” said Ryan, a LIFT United graduate. “What was really important to me was all the knowledge I received along the way.”
All applicants to LIFT United must be referred by United Way’s Member Agencies. For eligibility requirements and more information, email patricko@uwbucks.org or visit uwbucks.org/LIFTUnited.
