Executive Summary
The purpose of this report is to explore and illuminate innovative financial education practices credit unions are engaging in as a first step toward understanding effective, scalable interventions that help members achieve financial health and simultaneously boost credit union business.
Insights in this valuable new brief include:
- A quick overview of the history and evolution of financial education
- Analysis of how financial education connects with credit union performance
- Real-world examples of the challenges and opportunities facing credit unions who currently provide financial education
We conclude our analysis with key strategic recommendations for credit unions that are interested in rethinking their own financial education programs.
Credit Union Implications
Consumers, especially younger generations are looking for more help and to improve their financial health. Credit unions are uniquely positioned to build the necessary trust needed for successful financial education programs. Download the full brief to see the results of our findings, numerous credit union use cases and key considerations for making a full commitment to providing a financial education program that benefits the institution and membership.
Filene’s Center for Financial Lives in Transition is generously funded by:
