ONTARIO, Calif.–The California and Nevada Credit Union Leagues reported they have partnered with education technology company EverFi to bring digital financial education to 70 member credit unions and the communities they serve.
The leagues said they are launching the “innovative online financial wellness program to drive lasting, large-scale change to the financial capability of 10 million credit union members.”
The leagues pointed to a 2013 Bankrate Survey on American Financial Health that found three-quarters of Americans are living paycheck-to-paycheck, with little to no emergency savings. And, with 62% of Americans having less than $1,000 in savings, there is a strong need to provide financial guidance to consumers in California, Nevada, and across the country, the leagues said.
“Educating our members and community is core to the credit union mission of helping improve people’s lives,” said California and Nevada Credit Union Leagues President and CEO Diana Dykstra 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.”
According to the leagues, the financial wellness experience is specifically designed for today’s busy adult. The mobile- and tablet-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, the leagues said.