• EMPath
  • Centerboard
  • Action for Boston Community Development
  • Compass Working Capital
  • Berkshire Community Action Council, Inc.
  • Jewish Vocational Services
  • Urban Edge Housing Corp
  • Jamaica Plain Neighborhood Development Corporation
  • Asian American Civic Association
  • Travelers Aid Family Services
  • Dorchester Bay Economic Development Corporation
  • Heading Home
  • Quaboag Valley CDC
  • Moving from Debt to Assets
  • Madison Park Development Corporation
  • Center for Women and Enterprise
  • Codman Square NDC
  • Lawrence Community Works
  • One Family Inc.
  • FamilyAid Boston
  • La Vida
  • The Community Builders Inc.
  • Financial Education Associates
  • Springfield Partners for Community Action
  • YWCA-Boston
  • MAHA (Massachusetts Affordable Housing Alliance)
  • Empower Yourself
  • Cambridge Economic Opportunity Committee
  • Somerville Community Corporation
  • Cambridge Housing Authority
  • Homeowner's Rehab, Inc
  • Massachusetts Museum of Contemporary Art
  • Beverly Bootstraps
  • More Than Wheels
  • Jewish Family and Children’s Services
  • DotWell
  • Allston Brighton CDC
  • The Neighborhood Developers
Our Work

Protecting Assets

A healthy economy depends on informed consumers, workers and voters.  Lately, the dizzying array of products and services can lead to confusion, poor planning, and financial vulnerability. In order to, our investors benefit from The Midas Collaborative asset-protection programs, which enable them to…secure their assets against detrimental products and practices prevalent in the current consumer market.

Products

We assist in asset protection by highlighting low cost, sustainable financial products available to Massachusetts residents. These include:

Consumer Education

We assist in spreading the word/informing the community on issues related to high cost financial products and services through community partners, partners and the general public.

  • Reducing the use of check cashing: Partnered with the Massachusetts Office of Consumer Affairs and Business Regulation on the "Bank on It" campaign to reduce the use of check cashers, with distribution of brochures in English and Spanish (PDF).
  • Creating/developing consumer information for use across the state: Developed and distributed a Massachusetts-specific resource for consumers.  Distributed over 56,000 copies of the publication "Staying Afloat: Managing Finances in a Changing Economy" across the state with 26 community-based partner organizations in English, Spanish, Portuguese, and Haitian Creole, with support from the Massachusetts Office of Housing and Community Development and the partnership of the Massachusetts Financial Education Collaborative.
  • Delivering ongoing training of direct service providers through quarterly meetings and statewide trainings in market trends and industry practices.
  • Hosting the MassSaves website to keep the general public current on issues, topics, local workshops, and events.

 Steering Committee members of the MassSaves Coalition during the  2009 Mass Financial Education Summit

Policy/Regulation

While education is paramount, individuals can only manage that which is within their control. Midas works to promote an economic and financial marketplace that provides opportunities for all Massachusetts residents to save, transact, and invest safely. Our policy agenda reflects this commitment.