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HarborOne U and Millionaire Mindset

HarborOne Bank - Brockton, MA

2022 Community Committment Awards Submission

  • Financial Education
  • Asset Size: Medium

HarborOne is a recognized leader in education, providing a range of educational services through 'HarborOne U,' with content and classes on personal finance for youth and adults, and small business delivered virtually as well as at community locations throughout Massachusetts and Rhode Island.

In 2021, the U hosted 100 financial and small business classes and webinars to more than 2,600 adults and youth across MA & RI, while providing an additional 80 hours of one-on-one financial coaching. In addition, HarborOne U hosted its 6th Annual Small Business Pitch Contest in Massachusetts and added a second event dedicated to Rhode Island entrepreneurs. In all, ,000 in prize money was awarded, providing access to capital that micro businesses need to grow. For more than a decade, HarborOne U has provided financial education, small business and life skills training to over 20,000 individuals, advancing their economic mobility and fostering thriving communities.

Since it's inception in 2020, the U has reached 1,650 youth through the Millionaire Mindset program, an interactive curriculum which utilizes a game-based learning platform, Kahoot! It engages the participants as they learn about saving, budgeting, credit and debt in a fun and interactive way. Participants gained a better understanding of financial management and the impact mindset has on wealth creation. They were encouraged to make informed financial decisions now and into the future. Prizes were awarded to top performers.

The U partnered with many community organizations to deliver the Millionaire Mindset, a couple of key partnerships are CCAP Learn to Earn Program and The Talent Development Program at the University of Rhode Island (URI).