Family Matters Honored with 2012 Walmart Performance Award at the 14th Annual Ways to Work Institute
Washington, DC — September 28, 2012 — Ways to Work®, Inc., a Community Development Financial Institution helping credit-challenged families achieve increased self-sufficiency, today announced its 2012 Walmart Performance Awards winners. Family Matters of Greater Washington was recognized as a the Most Outstanding New Program Award winner for their leadership and excellence in implementing the program in their community and was honored during a ceremony held on Sept. 20, at the 14th Annual Ways to Work Institute in Milwaukee.
Ways to Work provides families with challenging credit histories access to small, affordable loans — the vast majority of which are used to purchase or repair a used car. With the funds in place to secure stable transportation and other essentials for holding down a job and moving forward, Ways to Work has helped more than 32,000 families achieve financial stability. Recently released data by ICF International, found that the program also provides a strong return on investment and is highly successful in helping families not only retain, but improve their job status and quality of life.
2012 Walmart Performance Award winners have demonstrated proven success assisting a large number of families in their communities, while managing a quality portfolio. In recognition of their outstanding performance, Family Matters of Greater Washington was also named the recipient of a $7,000 grant from Ways to Work.
“For many hard working families, having a reliable vehicle is often the key to stable employment and, thus, financial security. When credit scores are also a challenge, predatory lendersare often the only source for a car loan,” said Jeff Faulkner, president, Ways to Work. “That’s why we are so driven to work with high performing local agencies to deliver this program as an affordable option.”
Criteria for the The Most Outstanding New Program Award include: Being among the newest partner agencies to run the Ways to Work program, achieving the maximum loan volume compared to other new Ways to Work loan offices. As well as achieving a portfolio quality of less than 22% for delinquency
“Ways to Work is a program backed by results. It fulfills a vital need in our community,” said Gregory Armstrong, Family Matters of Greater Washington’s Ways to Work Loan Officer. “For many families, owning a car is the gateway to quality, higher paying jobs and access to better child care options. We work hard to service those families and thank Ways to Work for acknowledging our efforts.”
About Ways to Work
Ways to Work is a unique Community Development Financial Institution based in Milwaukee. Through a network of more than 50 loan offices across the country, Ways to Work provides financial education and small, short-term, low-interest loans to working families with challenging credit histories. Most clients use their loan to purchase a reliable pre-owned vehicle to enhance their ability to remain engaged in the workforce and better manage their lives. The program provides an alternative to predatory lending for people with a demonstrated commitment to achieving increased self-sufficiency and who are intent on pursuing a higher degree of success in mainstream financial markets. All agencies that operate the program are members of the Alliance for Children and Families, a sister company to Ways to Work. Both companies are part of the Families International, Inc. group of companies based in Milwaukee, Wis. For more information, please visit https://www.WaystoWork.org.
About Family Matters of Greater Washington (https://www.familymattersdc.org)
Family Matters of Greater Washington is a non-government, nonprofit organization accredited by the Council on Accreditation Services for Families and Children, Inc. and the American Camping Association. Formerly known as Family and Child Services of Washington, D.C., Inc., Family Matters was founded in 1882 and has been an integral part of the Washington, D.C. community for more than 130 years. One of the oldest, nationally accredited social services organizations in the nation, Family Matters provides comprehensive, accessible, low-fee services to thousands of residents of the District of Columbia, Maryland, and Northern Virginia. Family Matters of Greater Washington is a member of the Child Welfare League of America and the Alliance for Children and Families.