Hassan Nicholas

Hassan Rashid Nicholas has served a position with Community Financial Resource Center for more than five years. As Senior Program Officer of Consumer Financial Services and Education his track record includes facilitating the agency’s Bank on Los Angeles and America Saves campaigns, developing financial education programs, administering the organization’s consumer financial products and spear-heading financial empowerment initiatives throughout the City of Los Angeles through the City’s Community Development Department’s FamilySource Network. He also collaborates regularly with community advocates from various community organizations to approach micro-finance issues with creative solutions in disenfranchised communities.

Among various accolades Mr. Nicholas received a Project SCREEN scholarship from the Institute for Financial Literacy to obtain a CEPF (Certified Educator in Personal Finance) designation. In March 2008 he was invited to the Neighborhoods USA 33rd annual conference to present his material on first-time homeownership programs. He has served as a micro-enterprise panelist for the annual Asian Small Business Expo, presenter at the Geoffrey H. Palmer Center for Entrepreneurship and the Law at Pepperdine University as well as led several other speaking engagements. Hassan is a member of the FDIC’s Alliance for Economic Inclusion, Asset Building Coalition, and the Financial Literacy Council of Los Angeles. He is a bilingual educator; fluent in both English and Spanish. Hassan is a graduate of Loyola Marymount University where he received his B.A. in Economics and Spanish. He is currently pursuing an MBA with a concentration in Nonprofit Management at American Jewish University.

Social Networks: @BankOnLA

Hassan says:

While studying Spanish and Economics at Loyola Marymount University as an undergrad I had no idea I would discover an interest in community & economic development and asset building. It was my first position in the real world as a financial planning counselor with a Community Development Financial Institution (CDFI) that gave me my first introduction and what has since set the tone for a majority of my career.

Having underwent economic hardships growing up I understand first-hand the challenges financially and emotionally of my clients. This intimate perspective has helped me create unique financial education and empowerment programs and curricula, some of which has been utilized by financial institutions.

A majority of my interest rests in developing micro-financial solutions to disenfranchised communities. Thankfully, I’ve been able to collaborate with community advocates from various community organizations who share my same passion. Through these relationships I have been able to participate in several projects and tackle real-world issues.

Currently, I have been experimenting with new approaches to asset creation and, most importantly, creating the “asset” of savings with economically challenged households. Part of that plan includes introducing technology via mobile text, local trade systems, social media and re-thinking micro-enterprise. Seeing these initiatives to fruition is a welcomed challenge; especially as I must navigate between a majority Spanish-speaking and native-born demographic.

Ultimately, I hope the information I gather will help me understand further the people I serve; the barriers that impede household economic stability, their concerns, motivations and other variables that reveal themselves through trial and error.

CFRC • Community Financial Resource Center 2011