New fund launched to finance financial well-being initiatives

Five leaders from the credit union industry have committed to the FinHealth Fund—a new designated fund held at the National Credit Union Foundation, focused on improving financial well-being for all by scaling existing work across the credit union movement.

A joint statement issued by executives at CUNA Mutual Group (Madison, Wis.) and four credit unions (BCU, Chicago, Ill.; Coastal FCU and Local Government FCU, Raleigh N.C.; Redwood CU, Santa Rosa, Calif.) said, “The financial health of 166 million Americans is fragile and uncertain. Now is the time to act boldly, to come together as a cooperative movement and accelerate work that can improve the financial well-being of our employees, members and communities.”

The FinHealth Fund has been established to capitalize a five-year program focused on three interrelated efforts:

• Creating a national resource library (e.g., current work, case studies, toolkits and other resources) to help credit unions embrace financial well-being for all as a strategic imperative.

 

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