Recently, Foundation Executive Director Gigi Hyland joined the weekly Montana Credit Unions call to discuss member and employee financial well-being in the new normal we are now facing. Below are a few highlights from her presentation, which you can view here.
- More than half of members (58%) are struggling financially and 39% of households do not have $400 available to afford an emergency expense.
- Credit unions are in a good position to help their members recover because of how they are built and their operating principles.
- Credit unions can help both their employees and members move forward by:
- Leveraging empathy to help them get through the crisis.
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