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ICUS partners with GreenPath to help Illinois Credit Unions empower financial wellness among those they serve

NAPERVILLE, IL (November 17, 2020) — The Illinois Credit Union System (ICUS) is partnering with GreenPath to support Illinois credit unions in promoting financially healthy members. A national non-profit focused on financial wellness, GreenPath provides guidance through financial challenges. The partnership between ICUS and GreenPath creates the opportunity for Illinois credit unions to offer members vital financial counseling services or enhance their current consulting offerings through a quality resource that aligns with the credit union movement.

For nearly 60 years, the GreenPath team has guided people through financial challenges with credit counseling, debt management, and personal finance education. Credit unions who work with this organization are able to refer members for support and material resources. Hundreds of thousands of people have been improving their financial health each year through these services that empower them to take control of their finances. A 2019 post counseling survey showed 91 percent of people counseled by GreenPath feel better prepared to handle their finances.

The ICUS teams, including both the Illinois Credit Union League and LSC, are excited about this partnership and how it will give credit unions the opportunity to strengthen the financial wellness of their members. “The Illinois Credit Union System’s partnership with GreenPath is in line with our goal to provide solutions to improve the financial health of members,” says Tom Kane, President and CEO of the Illinois Credit Union System. “All credit unions  can now offer or expand their financial counseling services to address member financial goals and challenges.”

Libby Calderone, President of LSC, also weighs in on the benefits of this partnership saying, “GreenPath is a respected organization with a long history of empowering individuals to take control of their finances. I look forward to working with the GreenPath team to provide credit unions with quality financial resources to share with their members. Credit unions stand out when they help members find practical solutions to their financial goals.”

GreenPath’s strength is in understanding people and their financial goals and challenges. This creates positive relationships with their partners and individual clients. Kristen Holt, President of GreenPath says, “It’s my firm belief that financial wellness is a cornerstone for pursuing dreams. Through our partnerships, GreenPath helps those dreams become reality on a much broader scale. I look forward to the impact this partnership with ICUS will have towards increasing access to financial wellness.”


About Illinois Credit Union League

The Illinois Credit Union League (ICUL) is the primary trade association for 212 state and federal credit unions in Illinois. It focuses on providing legislative and regulatory advocacy, compliance assistance and information, and a wide range of educational and training services to those credit unions, who in turn serve approximately 3.4 million members. More information can be found at www.icul.com.

About LSC

LSC® is a credit union service organization offering a wide array of products and services and is dedicated to helping credit unions compete.   Its experience and expertise in all areas from card programs and customer service to education and legal advocacy, as a corporate partner of the Illinois Credit Union League, has made LSC a key support provider in the credit union movement.   Its products include credit and debit programs, pre-paid debit cards, portfolio development consulting, Agent credit card programs, ATM services, and debt collection.  It serves more than 2,300 credit unions in 50 states.  More information can be found at: http://www.lsc.net.

About GreenPath

GreenPath’s mission is to empower people to lead financially healthy lives. It is a national nonprofit focused on financial wellness for everyone. People have turned to GreenPath for nearly 60 years as their guide through financial crises: overwhelming debt, foreclosure, bankruptcy, or credit challenges. Today, the organization works to strengthen financial wellness at every step of the financial journey. Every year, hundreds of thousands of people improve their financial health by working with the GreenPath team. More information can be found at: https://www.greenpath.com/.

Contacts

Melissa Vidito

Illinois Credit Union System

630-983-3400

melissa.vidito@envisant.com

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