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K. L. -at- M E. F RAMEWORK. J. L. Outside ‘predatory’ loans Drowned with credit card balances Coop delinquent accounts. Well-managed finances Not just financial security but financial independence. HOW????. J. L. Enterprising member. Empowered member. Periodic monitoring.

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-at- M E

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  1. K L -at-ME FRAMEWORK

  2. J L • Outside ‘predatory’ loans • Drowned with credit card balances • Coop delinquent accounts • Well-managed finances • Not just financial security but financial independence HOW????

  3. J L Enterprising member Empowered member Periodic monitoring Periodic coaching Releasing & Post release counseling Financial Planning Training Screening: application, CI, assessment, pre-counseling

  4. DETAILED OPERATING STRUCTURE

  5. Loan Rebates CRITERIA • Member should maintain MIGS status. • No delinquent accounts. Any unapplied loan should be paid by the member over the counter. • No new loan application during the duration of the entire program. • Member should complete, comply, and submit program requirements • Maintain a savings plan during the entire program.

  6. “Look at Me” Program Design:Roles and responsibilities of the member, program coordinator and mentor

  7. COOP MGT. / PROGRAM COORDINATOR COOP MEMBER MENTOR START Register in the Look-At-Me Logbook / Secure list of requirements from LIPIEMCO staff Fill-up Intent/Application Form Prepare all pertinent requirements Submit forms & requirements to LIPIEMCO office Register Member & Prep for C.I. Answers Questions during C.I. Conduct Credit Investigation not ok Assess Member’s Eligibility Provide appropriate recommendation to the member ok Prepare for the Financial Planning Training workshop Provide Look-At-Me Kit B Conduct FPW A

  8. COOP MGT. / PROGRAM COORDINATOR COOP MEMBER MENTOR A Attend FPW (Session 1) B Fill-up Income Statement, Debt Matrix, & Savings Plan Submit forms to Program Coordinator Review submitted forms Introduce the Individual Financial Recovery Program Generate IFRP Study member’s IFRP Submit to Program Coordinator for review Review submitted forms Prep for counseling session with the member(s) Ok? Revise IFRP Assign Member to a mentor Photocopy & Endorse the IFRP to assigned mentor Attend the Contract Signing/Counseling Session (Session 2) together w/ spouse C

  9. COOP MGT. / PROGRAM COORDINATOR COOP MEMBER MENTOR C C Conduct counseling session with member / spouse Discuss Loan Terms and Look-At-Me Program Agreements Agree on the per payday allotment Discuss the commitment contract Ok? Discontinue the program Issue per pay day allotment form to the member Together w/ Spouse, Sign the contract Safe keep the ATM / Cut in half the Credit Card Turn-over ATM/Credit Card to LIPIEMCO Set weekly review on member’s progress Loan Redemption / Update records Attend the weekly review with the mentor Submit weekly report based on the submitted IFRP Conduct weekly review / counseling session with the member Submit Filled-up IFRP report to Program Coordinator Monitor progress of member and update interest rates if necessary.

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