Place matters, especially when it comes to financial education. Prosperity Connection’s efforts depend upon our ability to meet people where they live and work. That is why we have dedicated our resources to the deployment of a network of facilities throughout the St. Louis region where clients can easily access resources in a judgment free zone. At each Excel Center™, our highly trained educators and volunteers provide free group seminars and one-on-one coaching services in an effort to help clients set reasonable goals and get the assistance they need to achieve their financial dreams.
We have found that simply providing “financial education” is not enough.
Prosperity Connection’s network of Excel Centers provides the perfect platform from which to offer our unique and inclusive suite of financial empowerment services for the betterment of individual households and the broader community. In addition to offering our services, Prosperity Connection staff places a special emphasis on tracking client outcomes. By monitoring key metrics such as credit score, debt load, asset attainment, and more, we are able to tailor client interventions for each individual to ensure the best opportunity for success. Additionally, we are able to provide an enhanced level of accountability to funders, communities, and other stakeholders invested in Prosperity Connection programming.
Since opening in June of 2012, the Excel Center has served more than 9,000 people through group seminars, community fairs, and one-on-one financial coaching. At the end of 2015, we officially closed the original Excel Center site at North Oaks Plaza in anticipation of three new facilities being opened for 2016.
Through new funding partnerships, Prosperity Connection has taken the opportunity to open three new Excel Centers throughout the St. Louis region.
St. John, MO Excel Center – The original North Oaks facility has moved to a cooperatively run venture in St. Louis County (2808 Endicott, St. John, MO 63114) through a partnership with St. Louis Community Credit Union (SLCCU) and Carrollton Bank. SLCCU, a low-income designated Community Development Financial Institution (CDFI), has provided Prosperity Connection with ample space for a new, more accessible location. Carrollton Bank, the original funding partner for the first Excel Center, will continue to provide significant support for our operations. By housing the Excel Center under the same roof as SLCCU, our educators are able to more easily connect clients to a trusted financial institution partner when the need for products and services arises.
North St. Louis, MO Excel Center – St. Louis’ north side is experiencing a new phase of growth and investment from the public, private, and nonprofit sectors. Through a partnership with Equifax, Prosperity Connection has brought the Excel Center model to the Old North neighborhood of St. Louis City. Situated on an historic block, our Old North Excel Center (2707 14th Street, St. Louis, MO 63106) is perfectly positioned to serve clients from numerous social service agency partners, as well as provide a free convening space for the community and local groups.
24:1 Community Wealth Accumulation Center (WAC) – According to the Corporation for Enterprise Development (CFED), financial capability involves four fundamental components; financial coaching, integrated services, credit focused interventions, and financial product innovation. We are fortunate to partner with Beyond Housing and the 24:1 Community Land Trust in St. Louis County to launch our first WAC at 6724 Page Ave. Prosperity Connection will be able to incorporate each of CFED’s financial capability components under one roof. The WAC model houses three operations; an Excel Center, a SLCCU transaction hub, and the first ever RedDough Money Center™. By combining financial education with easy access to affordable financial services through either the credit union or RedDough, our clients will have a pathway to financial independence that can meet their needs, on their terms.
Aside from our daytime programming, we also offer evening seminars to accommodate busy schedules.