FinHealth Hub: Helping you with your “how”
As the Foundation team talks with credit unions about financial well-being for all, the single, recurring question we get is, “So, how do we actually ‘do’ financial well-being for all?”
Folks understand that financial well-being for all is a long-term strategy requiring its team to commit, assess, plan, and act to improve the financial health of employees’ and members’ lives. The Quick Start Guide, which we co-authored with Filene Research Institute, lays out clear steps to implement financial well-being.
That said, there’s nothing like hearing from your peers and having a forum to share and overcome roadblocks together. Enter the FinHealth Hub – which launched on January 30.
The FinHealth Hub is an online community of financial well-being practitioners who are passionate about sharing their journeys and learning from each other. Designed in a “master class” type of format, the goal of the FinHealth Hub is to have people learn, connect, and grow. In the platform, credit union professionals can:
- Take courses to learn about financial well-being for all
- Engage in a forum to collaborate on solving roadblocks and sharing resources
- Tap into resources and tools to help take action
As an advocate for credit unions practicing cooperative principles, the Foundation walks the walk with the FinHealth Hub. The FinHealth Hub truly represents P6 (cooperative principle six) – Cooperation Amongst Cooperatives. The content on the FinHealth Hub draws from the Foundation and many system partners to ensure that we are not reinventing the wheel – that people can leverage each other’s experience, wisdom, and insights to propel financial well-being for all across all credit unions. People are asking for actionable things they can do, and they want tools to do the work. The FinHealth Hub is designed to meet that need.
In addition, the FinHealth Hub is only possible due to the generosity of credit unions who created the FinHealth Fund, a restricted fund at the Foundation created in 2021, designed to support a 5-year program focused on building this repository of resources, building a culture of readiness for credit union employees, and supporting efforts to collect meaningful data to quantify how credit unions improve their members’ financial lives. A huge thank you to donors of the fund who have made the FinHealth Hub possible!
For more information, go to: https://www.ncuf.coop/finhealth-hub/ or reach out to Christine Hickey, the Foundation’s Financial Health Program Manager at chickey@ncuf.coop.
