Press Release

CONCORD-New Hampshire Employment Security has been selected by the Consumer Financial Protection Bureau (CFPB) to participate in the federal agency’s Financial Coaching Initiative. As part of this initiative, New Hampshire Employment Security offers the services of a full-time financial coach to work with its clients who are veterans who have recently transitioned from active-duty status to assist them with their financial goals.

Roughly 250,000 service members leave active duty every year, and the financial transition into civilian life can be challenging. The Department of Defense offers a Transition Assistance Program (TAP), many transitioning service members find that they could benefit from additional assistance with financial management, and find after they leave military service that they may need guidance in reworking the financial plan they established while in TAP. At this point a trusted source of financial information and advice could make a difference in a successful transition to a financially stable post-military life. In-person, individualized and trustworthy financial guidance can be beneficial to our transitioning veterans and assist them to make solid fiscally responsible decisions and reach their personal financial goals.

“New Hampshire’s veterans and their families have sacrificed bravely in defense of our freedom, and we must always be working to ensure that they receive the full support that they deserve,” Governor Hassan said. “The Financial Coaching Initiative is one way that we can assist veterans as they transition back to civilian life, and I thank New Hampshire Employment Security and the Consumer Financial Protection Bureau for bringing this initiative to the Granite State to support our veterans.”

“NHES is proud to host the Consumer Financial Protection Bureau‘s Financial Coaching Initiative. With its focus on our transitioning veterans, it is one way we can thank New Hampshire’s veterans for their service to our nation,” said Commissioner George Copadis of New Hampshire Employment Security.

The Consumer Financial Protection Bureau Financial Coaching Program at New Hampshire Employment Security provides financial coaching services at critical points in consumers’ lives as they move along the path to financial stability. The program assists both veterans as they transition from active duty status as well as economically vulnerable consumers seeking other services from social services and other providers.

New Hampshire Employment Security is one of sixty diverse partner organizations from around the country that have been selected to provide professional financial coaches. New Hampshire Employment Security was selected by the CFPB, in a partnership with the Department of Labor, after a nationwide competitive search.

The coaches hired for the program have experience working with populations they will service, are accredited by the Association for the Financial Counseling and Planning Education, and are trained in financial coaching techniques.

For more information regarding Financial Coaching services available at New Hampshire Employment Security, please contact Christopher Martin at 603-228-4053 or e-mail him at cmartin@afsc.com. For more information on the Consumer Financial Protection Bureau’s (CFPB) Financial Coaching Initiative please visit www.consumerfinance.gov

New Hampshire Employment Security provides resources to assist individuals in finding a job. NHES provides free services, resources, and tools to assist both job seekers and employers with the entire job search process, hiring and employment needs. NHES has services available online and onsite to assist job seekers including an automated Job Match System, internet access, local papers, employment counseling, and career assessments, as well as, workshops on job searching, résumé writing and interviewing techniques. NHES assists with identifying training opportunities through the Return to Work Program, On the Job Training Opportunities, and the Pathway to Work Program.

The CFPB is the nation’s first federal agency whose sole focus is protecting consumers in the financial marketplace. Using its multiple authorities, including regulation, supervision, enforcement, market research, financial education, and the authority to deal directly with consumer complaints, the CFPB is working to restore trust in consumer financial products and services.