Opportunity Fund grant will empower low-to-moderate-income consumers to reduce debt and build a stable financial future.
(WASHINGTON, D.C.) – November 12, 2025 – The National Foundation for Credit Counseling (NFCC), a nonprofit organization that offers solutions and support to address financial challenges and empower people to manage their financial futures, today announced it has been awarded a $150,000 U.S. Bank Foundation Opportunity Fund grant.
The grant will be used to support the NFCC’s “Life Beyond Debt” initiative, a comprehensive program launched in June 2025 to help consumers, particularly those with low-to-moderate incomes (LMI), become free from debt and build a more secure financial future.
“We are honored to receive this generous support from the U.S. Bank Foundation,” said Mike Croxson, CEO of the National Foundation for Credit Counseling. “The funding is a powerful investment in the financial health of the communities we serve. It will directly fuel our ‘Life Beyond Debt’ program, providing the tools and support necessary for more people to not only overcome their debt but to build savings and establish long-term financial stability.”
The NFCC’s “Life Beyond Debt” initiative features a unique WealthBuilder Program. This program helps clients affordably pay down unsecured debt—without damaging their credit score—while simultaneously building their savings through a matching program. Participants are expected to save $1,600 of their own money by the program’s completion, supported by matching deposits during the first year.
“Working with organizations like National Foundation for Credit Counseling can help us identify ways to support and empower more people as they strive to achieve their financial goals, while promoting innovation within the financial health field,” said Kaori Yamada, head of the Office of Financial Health and Inclusion at U.S. Bank.
The U.S. Bank Foundation created the Opportunity Fund in 2023 to support organizations working to increase wealth-building opportunities for low- to moderate-income communities.
For more information about the National Foundation for Credit Counseling and its programs, visit www.nfcc.org.
About NFCC
Founded in 1951, the National Foundation for Credit Counseling (NFCC) is the oldest nonprofit dedicated to improving people’s financial well-being. With a nationwide network of NFCC Certified Credit Counselors serving 50 states and all U.S. territories, NFCC nonprofit counselors are financial advocates, empowering millions of consumers to take charge of their finances through one-on-one financial reviews that address credit card debt, loans, housing decisions, and overall money management. For expert guidance and advice, call 877-860-9646 or visit www.nfcc.org.
About U.S. Bancorp
U.S. Bancorp, with approximately 70,000 employees and $695 billion in assets as of September 30, 2025, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2025 World’s Most Ethical Companies and one of Fortune’s most admired superregional banks. Learn more at usbank.com/about.