KATY, Texas – A group headed by the mother of Prince Fielder, a major league baseball star, announced plans to charter a credit union with an educational wealth empowerment program for pro athletes and their families.
“Our mission of chartering a federal credit union is to implement education focused on ‘total wealth family leadership and legacy planning’ that redefines what we are doing in our own lives and in the larger community,” said Stacey August, founder of Leagues of Their Own Inc. and mother of Fielder, 2011 major league all-star MVP and newly signed Detroit Tigers first baseman. “We believe that a family’s human capital is just as important as financial capital.”
“We’re sick and tired of seeing pro players and wives go broke, divorce, and suffer after playing pro sports,” said Gena Pitts, Founder of the Professional Sports Wives Association, a not-for-profit association that provides resources to peers in more than 16 pro sports leagues through multi-media and its sports talk show on WAFS, Biz 1190 AM from Atlanta.
“The sudden success of the athlete marks a turning point in the athlete’s life that can sometimes be overwhelming,” said August. “It is through research and personal experience that we understand the complex issues of our community and are here to transform it with the implementation of systems that focus on all aspects of one’s wealth, to include the human capital as well as the financial capital for a more balanced life. Our programs are two-fold, offering wealth empowerment coaching and financial literacy programs.”
