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Community Spotlight

Since the start of our Community Spotlight program in August 2020, First Community Bank has donated $65,860 to essential, non-profit organizations in northern Utah. These organizations include The Inn Between, Catholic Community Services, Safe Harbor Crisis Center, People Helping People, Wasatch Community Gardens, Utah Refugee Goats and Open Doors among many others. Spotlight donations are made possible through the generosity of First Community Bank customers and employees! 

Our Current Spotlight Recipient: Cottages of Hope


Family saving money in piggy bank
 

Their Mission

Since opening their doors in 2008, Cottages of Hope has been dedicated to developing and implementing programs and services that empower low-moderate income households to achieve greater levels of financial stability. In the past fifteen years, they have served thousands of northern Utah households.  Over just the past three years, the documented economic impact of their services has surpassed $8 million. In 2021 alone, they served 1,413 individuals effecting a financial return-on-investment to the community of just under $3 million.

Cottages of Hope is the only non-profit organization in all of Northern Utah providing this level of specialized assistance. Cottages of Hope works entirely in the areas of employment and personal finance.  They have a long and abiding partnership with the Utah Department of Workforce Services which provides not only funding, but a full-time, highly-experienced staff member to help coordinate resources and services.

Rather than provide emergency services, subsidies, or hand-outs, Cottages of Hope provides families and individuals with the financial tools and coaching required to rise out of poverty. With each and every participant, they focus efforts on achieving four primary objectives:
  1. A livable wage
  2. Debt-to-income ratio below 40 percent
  3. Credit score over 650 points
  4. Establishing an emergency fund of 3-6 months wages
They accomplish these goals with program participants through various classes and workshops followed with, and supported by individualized, judgement-free coaching in the various areas of finance and employment


Show Your Support

For every new checking account that is opened between May 31 - September 23, 2022,  First Community Bank will donate $20 to help support Cottages of Hope.


Join with us in helping out this amazing organization. Visit their website to learn about other opportunities to serve: www.cottagesofhope.org