Improving People's Financial Health

“Understanding members’ financial health and members’ day to day financial struggles are key to helping credit union management, staff, and board members to pursue initiatives to help more members improve their financial health. This not only taps into the central mission of credit unions, but will also generate helpful information key to the movement’s advocacy efforts."
- Gigi Hyland
Executive Director
National Credit Union Foundation

Your National Credit Union Foundation is focused on improving the financial health of credit union members. For the Foundation’s 2017 grant cycle - with the generous support of CUNA Mutual Group - we are funding six credit unions to conduct financial health check-ups with their members and employees in collaboration with the Center for Financial Services Innovation (CFSI) to better measure and document consumer financial health. In early 2017, we announced the six grantees for this initiative.

Additionally, as a thought leader, the Foundation actively participates and presents at national conferences on this important issue.

CFSI is one of the leading organizations dealing with the subject of consumer financial health. CFSI’s Consumer Financial Health Study found that 57% of Americans are financially unhealthy, which means they lack daily financial systems that serve them well, struggle to weather financial shocks, and are not well-positioned to pursue their financial aspirations.



Graphic via Prosperity Now
Graphic via Prosperity Now
“Financial capability is a critical step on the road to financial well-being. Financial capability is the capacity, based on knowledge, skills and access to products and services, to manage financial resources effectively. When we talk about financial capability, we’re talking about more than financial education. Financial capability means a person possesses not just the knowledge, but also the practical skills to use that knowledge and the access to resources that we all need to manage our finances effectively.”

For More Information...

...contact Gigi Hyland, Executive Director, at ghyland@ncuf.coop or (202) 824-6282.


Donate