MARLBOROUGH, MA (December 11, 2024) |
Digital Federal Credit Union (DCU) today announced a partnership with Greenlight® Financial Technology, Inc. (Greenlight) to better serve families and help the next generation build healthy financial futures. Starting today, DCU members will have free access to Greenlight’s award-winning family finance app, available through the Greenlight for Credit Unions program.
Research shows that 91% of kids and teens believe they need financial knowledge and skills to achieve their life goals, and 94% of parents agree.* Still, only 35 states require a personal finance course for students, and teens score an average of 64% on the National Financial Literacy Test. Parents also rank personal finance as the #1 most difficult life skill to teach their children, with 81% saying they wish they had more financial education tools and resources.**
Greenlight offers a debit card and app that teaches kids and teens how to earn, save, give, and spend wisely – all under parental supervision. Using the Greenlight app, parents can send money instantly, automate allowance payments, manage chores, set flexible spending controls, get real-time notifications on all transactions, and more. Kids get hands-on money management experience, along with access to Greenlight Level Up™, an in-app financial literacy game with a best-in-class curriculum, educational challenges, and rewards.
“By joining forces with Greenlight, we’re helping to increase financial education for future generations,” said Sue Burton, SVP, Experience of Digital Federal Credit Union. “Providing increased access to Greenlight’s finance app is going to unlock opportunities for our members and their children and teens.”
“Our Greenlight for Credit Unions program and CUSO were designed to empower credit unions to better serve families in their communities with best-in-class financial education,” said Matt Wolf, SVP of Business Development at Greenlight. “Partnering with a leading, national credit union like DCU allows us to advance a shared mission to improve financial literacy for the next generation.”
DCU members can receive a free† Greenlight subscription by registering through this page and adding their DCU account as a funding source.
About Greenlight
Greenlight Financial Technology is the family fintech company on a mission to help parents raise financially smart kids. Its product, Greenlight, is an award-winning banking app, complete with a debit card for kids and teens and safety features for the whole family. Parents can automate allowance, manage chores, set flexible spending controls, and invest for their family’s future. Kids and teens learn to earn, save, spend wisely, give, and invest. Together, families can also stay safe and connected with real-time location sharing, place alerts, SOS alerts, crash detection with 911 dispatch, driving scores, reports, and trip alerts.
Greenlight partners with more than 100 leading banks, credit unions, and employers to bring its family finance solution to more families through the Greenlight for Banks, Greenlight for Credit Unions, and Greenlight for Work programs.
The Greenlight Debit Card is issued by Community Federal Savings Bank, member FDIC, pursuant to license by Mastercard International. Greenlight is a financial technology company, not a bank. The Greenlight app facilitates banking services through Greenlight's bank partners. For more information, please visit: greenlight.com.