Financial education reduces stress for staff, members

Last year, the Illinois Credit Union System (ICUS) set out to determine where its 120 employees experience the most financial anxiety in an attempt to alleviate their stress levels and improve their overall health.

An employee survey revealed the main culprits: student loan debt, the need to save for college, and overall debt levels.

The effort was partly due to National Credit Union Foundation research showing how financial stressors can affect physical health and work performance, says Tom Kane, ICUS president/CEO.

“If people are stressed about their financial situations, they obviously don’t leave that at home,” Kane says. “They bring it to work with them.”

 

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