Welcome to UFSC-PUGET SOUND CHAPTERThe Urban Financial Services Coalition – Puget Sound (UFSC-PS) Chapter is a 501 C 6 non-profit organization of culturally diverse professionals in the financial services industry and related fields. Chartered on June 4, 2009, the organization is an affiliate of the UFSC formerly known as the National Association of Urban Bankers. Join now
There is a strong and monotonic relationship between financial literacy scores and parents’ education. I was born in poverty and my parents did not discuss finance or money at the dinner table. Throughout my early childhood I yearned to know, “Who was Peter and Paul?” The only conversations that I overhead about money was in the late night heated arguments that was incited by, “Robbing Peter to Pay Paul.” As a contributor to the household income, I started working at age nine as a sharecropper in East Texas. Within my first week of picking peas during a summer job, I was able to project my income at the end of each day. I knew how many rows I needed to pick in order to make a bushel and to weigh in each bushel for a price. Ironically, this is a classic case of financial analysis concept that I was not cognizant of at a young age. Yet, I was successful in making enough money to buy the school clothes, shoes, and other items required by extracurricular school activities. Imagine if only I had known about the rule of 72 at age nine. I wonder how many of my classmates would have graduated high school if our elementary teachers would have stressed the importance of saving and investing to become a potential millionaire by applying the rule of 72. Read more
UFSC-Puget Sound Chapter History
The Urban Financial Services Coalition – Puget Sound Chapter (UFSC-PS) is a 501 C 6 non-profit organization of culturally diverse professionals in the financial services industry and related fields. Chartered on June 4, 2009, the organization is an affiliate of the UFSC formerly known as the NAUB
To be the preeminent financial services organization that provides professional development programs, supports educational advancement, and promotes economic empowerment for its members and the minority communities at large.