As part of its ongoing support of financial education, Chelsea’s Metro Credit Union has received a $40,000 grant from the National Credit Union Foundation.

Metro received the largest of the organization’s 2011 grants for the implementation of financial coaching in Chelsea, according to a statement. Metro has partnered with Chelsea Neighborhood Developers to develop and implement one-on-one financial coaching as part of their resident asset development programming. The coaches will help low income households identify and follow a path to financial stability and mobility.

The financial coaches will be part of the new Chelsea Family Economic Center, which is intended to integrate financial management and employment services that will help community residents set goals, manage, and increase their personal income and assets.

"Metro Credit Union is proud to be part of the growing partnership of community organizations that share a commitment to the people of Chelsea. Through the innovative Family Economic Center and one-on-one financial coaching, residents and businesses of Chelsea will be able to achieve and sustain financial stability. Metro’s innovative products, services and programs like the one-on-one financial coaching model, will assist the community in building assets and moving toward financial independence," said Robert Cashman, president and CEO of Metro Credit Union.