PSECU partners with Greenlight to help members raise financially smart kids
HARRISBURG, PA (November 15, 2023) — PSECU is putting financial education tools directly into the hands of its youngest members with help from their new partner, Greenlight® Financial Technology, Inc.
PSECU members will now have access to the award-winning Greenlight family finance app, available through the Greenlight for Credit Unions program. Greenlight equips parents with an easy, convenient way to teach their kids about money, aligned with PSECU’s dedication to providing members with free financial education resources. Starting today, Greenlight will be offered to members at no cost*, as an additional benefit of PSECU membership.
“Our partnership with Greenlight enables us to deliver vital financial education tools and resources to young people, helping them build money management skills for a lifetime,” said PSECU Director of Marketing & Deposit Strategy, Sharon Eiswert. “According to a Greenlight survey, 97% of parents say financial knowledge and skills are necessary for kids to achieve life goals and 93% of teens agree.”
Greenlight’s app and debit card enable parents to send money to their children instantly, automate allowance payments, manage chores, set flexible spending controls, and get real-time transaction notifications, all with the convenience of a cashless system. Kids and teens get hands-on money management experience learning to earn, save, give, and spend wisely with parental supervision. Within the app, they also have access to Greenlight Level Up™, an interactive financial literacy game with best-in-class curriculum, educational challenges, and rewards.
“We built Greenlight for Credit Unions to collaborate with credit unions to better serve families and engage the next generation with best-in-class financial education,” said Matt Wolf, SVP of Business Development at Greenlight. “Leading credit unions like PSECU are uniquely well-equipped to help improve financial literacy with their dedication to local communities and exceptional care of members.”
PSECU members will receive a Greenlight subscription for free* when they register online at greenlight.com/psecu and add their PSECU account as a funding source. Parents can add up to five children, each with their own debit card and app access.
*PSECU members are eligible for the Greenlight SELECT plan at no cost when they connect their NCUA-insured PSECU checking account as the Greenlight funding source for the entirety of the promotion. PSECU debit cards are not eligible for this promotion. Upgrades will result in additional fees. Plans start at $4.99/mo. This Promotion is subject to change without notice and may end at any time. Starting with the next month after termination of the promotion, Greenlight customers will be responsible for associated monthly fees. See terms for details. Offer subject to change.
About PSECU
Opened in 1934, PSECU was founded by 22 ordinary people who pooled $90 and made an extraordinary commitment to each other: To create a financial institution where collective resources benefit all members. Today, PSECU continues that legacy as Pennsylvania’s digital-first credit union, with $8 billion in assets, an economic impact of over $700 million, more than 590,000 members, and a convenient anytime, anywhere banking model. For more information about PSECU, visit psecu.com. PSECU has been recognized as a Best-In-State Credit Union by Forbes, a Best Credit Union by GOBankingRates, a Best Bank by Money.com, and one of America’s Best Banks by Newsweek. View its Year In Review to learn how PSECU contributes to the greater good.
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 send money instantly, automate allowance payments, manage chores, set flexible spend controls, and get real-time notifications of all transactions. Kids and teens learn to earn, save, spend wisely, give, and more.
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.
