GreenPath is expanding by opening up new credit-counseling offices across the U.S.
The Farmington Hills-based non-profit has opened five offices over the last year, including new offices in Escanaba and Canton. It now has 60 offices across 12 states.
"Our primary growth has been opening up the new offices," says Kurt Murphy, CFO of
GreenPath.
The 53-year-old non-profit has been helping people regain control of their finances through counseling and strategic planning. That means helping clients avoid foreclosure or repairing their credit scores.
GreenPath has grown to the point where it employs 470 people. A majority of them are based in Michigan (385) with 310 employees at the organization’s Farmington Hills headquarters. It has hired 65 people over the last year, including 55 in Michigan. Those jobs ranged from IT professionals to customer service reps.
GreenPath's revenue growth has been flat over the last year. Murphy attributes that to the growing economy and how hard American consumers were hit at the last recession.
"People got hit pretty hard," Murphy says. "It makes you a bit more careful before you pull that credit card out."
Source: Kurt Murphy, CFO of GreenPath
Writer: Jon Zemke
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