Credit Union News

The Right Way Foundation logo and images of youth who have been helped.

FIGFCU and RightWay Foundation Empower Foster Youth

Farmers Insurance Federal Credit Union (FIGFCU) is proud to announce its partnership with The RightWay Foundation, a nonprofit organization that provides mental health services, job readiness training, and life skills support to enable youth transitioning out of the foster care system and into adulthood to live independent, stable lives.

This collaboration represents a shared commitment to creating lasting, positive change in the lives of current and former foster youth, particularly in underserved communities across Los Angeles. Through this initiative, FIGFCU is offering vital financial education workshops, one-on-one financial counseling, and access to products and services designed to help young adults achieve economic stability and long-term financial wellness.

“At FIGFCU, we believe that financial empowerment is a cornerstone of personal growth and independence,” said Kathy Chicas, Chief People Officer, FIGFCU. “Partnering with The RightWay Foundation allows us to extend our mission as a not-for-profit, Member-owned financial institution to help Members live their best financial lives. Providing financial education for these ambitious youth enables them to take control of their financial futures and empowers and gives them confidence as they begin their journey into independence.”

The RightWay Foundation has been instrumental in addressing the unique challenges faced by foster youth aging out of the system—challenges that often include housing insecurity, limited access to employment, and a lack of financial education. By integrating FIGFCU’s expertise in financial services with The RightWay Foundation’s holistic support programs, this partnership seeks to break the cycle of poverty and instability many foster youth experience as they age out of the system.

“Financial literacy is often overlooked when it comes to foster youth. Many transition into adulthood without a clear understanding of how to manage money, and, too often, they end up struggling financially,” said Franco Vega, Founder and CEO at The RightWay Foundation. “That’s why we’re excited about our partnership with FIGFCU and the valuable tools and knowledge our young adults will gain through this collaboration.”

The partnership kicked off with a series of online financial education sessions led by FIGFCU’s experienced educators and volunteers committed to community uplift and youth advocacy. All sessions were presented, enabling participants to attend from wherever they were at, including:

  • Savings & Budgeting­ – Students will learn how to create a budget to help them achieve their financial goals.
  • How Credit Unions Help You Achieve Financial Goals ­– Students will discover the differences between a bank and a credit union.
  • Upcoming on July 25: The 3 B’s of Credit: Build, Budget & Balance – Students will learn about credit and how to use it wisely.
  • Upcoming on August 29: Consumer Loans & Credit Cards – Students will acquire skills for handling credit cards with discipline to avoid racking up large charges.

The RightWay Foundation is a nonprofit organization based in South Los Angeles, dedicated to serving transition-age foster youth by addressing trauma, providing job readiness training, securing housing, and building a pathway toward independence. Through comprehensive mental health and workforce development programs, The RightWay Foundation is healing trauma and ending homelessness—one young adult at a time. To learn more, visit therightwayfoundation.org.

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