Financial health assesses whether people are spending, saving, borrowing, and planning in ways that will help them become more resilient to financial shocks and pursue more wealth building opportunities. An investment in matched savings is an investment in helping people develop a habit of savings, build emergency savings funds, and increase their financial resilience.
ENCAP launched its Matched Savings Program early 2025 with fifteen participants in collaboration with Cobalt Credit Union and The Bridge Family Resource Connector Network.
During the program, each participant will receives personalized financial coaching sessions facilitated by a Certified Financial Social Worker, peer to peer support, and the opportunity to have their savings matched 2:1 after the first six months, and then 3:1 at the end of the year.
Year one participants reached their savings goals and have big plans for their futures. Year two is in progress and we are excited to see what's next for the group.
NOTE: All 2026 MSP enrollment slots have been filled. We hope to open enrollment for our 2027 class by the end of the year.
