ONTARIO, Calif. – The California and Nevada Credit Union Leagues have partnered with education technology company EverFi to bring digital financial education to 70 of their member credit unions and the communities they serve.
The leagues said they are launching an online financial wellness program to drive "lasting, large-scale change to the financial capability" of 10 million credit union members.
"Educating our members and community is core to the credit union mission of helping improve people's lives," Diana Dykstra, president and CEO of the CCUL/NCUL, said in a statement. "The California and Nevada Credit Union Leagues are proud to offer this cutting-edge resource that will support our members' financial capability, goals, and actions for the rest of their lives."
The leagues cited a 2013 Bankrate Survey on American Financial Health, which found three-quarters of Americans are living paycheck-to-paycheck, with little to no emergency savings. With other studies finding 62% of Americans have less than $1,000 in savings, the CCUL/NCUL said there is a strong need to provide financial guidance to consumers in California, Nevada, and across the country.
The financial wellness experience is described as "specifically designed for today's busy adult." The mobile-friendly platform features a series of two- to seven-minute interactive learning modules that cover key financial topics, such as saving, investing, credit scores and identity protection. The program is self-paced, and contains short quizzes and action plans that allow users to measure their knowledge gains and take positive steps toward better financial health. It is available in English and Spanish.
"As organizations founded on serving their members, credit unions have a unique position to influence the financial capability of millions of Americans," said Ray Martinez, EverFi's co-founder and president of financial education. "EverFi is proud to partner with the California and Nevada Credit Union Leagues to build a better future for credit union members."
