TAB Bank Partnership With Fair Credit Foundation Provides Assistance to Families in Need

OGDEN, UT--(Marketwire - Aug 5, 2011) - TAB Bank has long partnered with non-profit organizations locally in Utah for the purpose of providing financial assistance and other resources. Many of these charitable organizations were founded with the goal of providing support and tools to low to moderate income individuals and families. These groups have created programs and initiatives to promote and encourage education, home ownership, entrepreneurship, job skills, and other worthy financial objectives among this demographic. One such organization that TAB has partnered with for this purpose is Fair Credit Foundation.

Fair Credit Foundation (FCF), founded in 1997, is a Utah-based non-profit consumer credit counseling agency that gives financially distressed individuals and families hope to move from crisis to control. They do this by offering confidential one-on-one financial counseling and education, money management coaching, debt management relief programs, and HUD approved housing counseling. FCF is also the headquarters of the statewide Utah Individual Development Account Network (UIDAN).

UIDAN is a multi-faceted financial education and matched savings program for low income Utahns that produces long term financial self-sufficiency. Matched savings can be used toward the purchase of a home, small business development, education, or a work-related assistive technology device. The program opened its first accounts in October 2004 and has grown to 487 families. UIDAN is the only Individual Development Account program serving the entire state.

TAB Bank has been a partner with UIDAN since its inception in 2004. TAB provides funding and other support to UIDAN on a regular basis to ensure they can continue their life-changing programs for individuals and families in need. "We have always been very happy with our long-standing partnership with Fair Credit Foundation and UIDAN. We are very pleased to continue providing them with monetary and other resources to accomplish their praiseworthy objectives," stated Eric Myers, Director of Marketing with TAB Bank.

To learn more about Fair Credit Foundation and its programs and services, visit www.faircredit.org or call 800-351-4195.

About TAB Bank

TAB Bank was established in 1998 in Ogden, Utah. Originally formed to provide financial services to the transportation industry, today TAB provides working capital facilities to a variety of business sectors while continuing to build on success within the transportation industry. TAB Bank does this through Accounts Receivable Financing, Lines of Credit, Equipment Loans, and Asset Based Loans.