Nonprofit Walks the Talk on Asset Building

FOR IMMEDIATE RELEASE:

June 17, 2011

Honolulu, Hawaii – The Council for Native Hawaiian Advancement (CNHA), a Hawaii nonprofit focused on asset building in communities through its loan fund, affordable housing and small business partnerships, walks the talk.  The 10 year-old nonprofit posted $377,191 as of 12/31/10 in combined retirement balances contributed by employees and employer contributions.

“Asset building to fight poverty is really the notion of financial well-being through owning assets like a home, saving accounts, and small businesses,” said CNHA CEO, Robin Puanani Danner.  “Retirement accounts are yet another powerfully important tool and asset building strategy.”

The nonprofit encourages employers whether business or nonprofit firms to invest in their employees by setting up retirement account benefits to enable employees to begin building retirement savings through automatic payroll deductions.

“Retirement savings are as important as owning other kinds of assets, maybe more so,” Danner said.  “As an asset building advocate in community, it wouldn’t sit well if we weren’t walking the talk and going the extra mile to give our own employees at CNHA the chance to build retirement through payroll deductions.”

CNHA and its subsidiary organizations that have staff, are eligible to enroll in its 401(k) plan, offered since 2004. Of the employees that have been with the nonprofit for 2 years or more, 100 percent are enrolled, and 60 percent of CNHA’s employees have been employed for 4 years or more.

“We offer retirement benefits because it’s the right thing to do as an advocate in community, but also because it’s the right thing to do as a Hawaii employer,” Danner said.  “We have employees that have been with CNHA for 7 and 8 years, which in the nonprofit sector is extraordinary.”

CNHA’s Chief Financial Officer, Napali Woode, administers the company’s human resources and benefit packages.  “We want to be a great place to work, even in difficult financial times, because at the end of the day, it’s a cost savings to reduce turnover of staff, Woode said.  “Especially in our core function areas.”

CNHA employs 15 full time staff members in 2 permanent offices on Oahu and Kauai.  If you’re interested in a career in community development serving Native Hawaiians, email info@hawaiiancouncil.org or call 808.596.8155 to request an employment kit.

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