Telhio Credit Union launches personalized financial education tool for members
COLUMBUS, OH (March 2, 2020) — Telhio Credit Union today announced the introduction of a new mobile-first,financial education resource to help Telhio Credit Union members build financial health and confidence for themselves and their families. Money iQ is made available, free of charge, through Telhio Credit Union’s relationship with the leader in financial wellness technology solutions, EVERFI,Inc.
Money iQ offers a robust library of learning topics around important personal financial education concepts including budgeting, investing, homeownership, retirement planning, and more. The interactive financial education platform is designed to provide consumers with the tools and personalized knowledge necessary to make informed just-in-time financial decisions. “Financial literacy is very important to the economic health of our communities. We truly care about all aspects of the well-being of our employees and our members, including their financial health,” said Derrick Bailey, Chief Sales Officer, Telhio Credit Union. “Helping them improve their financial IQ allows us to make a direct impact on the communities we serve, furthering our commitment to member education and social responsibility. It’s all about People helping People.”
A recent EVERFI study found that 78 percent of adults wish they had more information readily available when making financial decisions. From opening a credit card to taking out a student loan, buying a home or saving for retirement, most adults feel unprepared to make large financial decisions without additional information. Through Money iQ, users are guided through interactive exercises that allow them to practice making financial decisions most relevant to them in a fail-safe environment. Each topic area offers a 3-6 minute module designed to enable users to apply what they have learned to their personal financial goals. The mobile-first design is available on all internet-enabled devices so that learners can access it anytime, anywhere.
“Understanding your finances and making sound financial decisions is key to a strong future, but many people don’t know where to turn to get the information they need in a way that is easily digestible and understandable,” said EVERFI Co-Founder and President of Financial Education, Ray Martinez. “This program is a testimony to EVERFI’s commitment to providing financial education to learners of all ages and we commend Telhio Credit Union for making this commitment to educate their consumers, allowing them to take control of their financial health.” To learn more about the program, visit telhio.org/moneyiq.
About Telhio Credit Union
As Central Ohio’s fastest-growing credit union and Ohio’s top SBA (Small Business Administration) lending credit union, Telhio serves more than 71,000 individuals, families and businesses across central and southwestern Ohio with the newest innovative financial technology, while providing personalized service for each member. Founded in 1934, and owned and governed by its members, Telhio’s core values of caring, commitment and integrity guide each action and decision the credit union makes. Telhio offers 11 branching offices in Ohio and nearly 4,000 shared branching locations nationwide. Telhio is open to anyone who lives, works, worships, or goes to school in central and southwestern Ohio and participates in the highest level of combined federal and private share savings insurance available, insuring deposit accounts up to $500,000. (Federally insured by NCUA. Additional coverage up to $250,000 provided to consumer account holders by Excess Share Insurance Corporation, a licensed insurance company.)
About EVERFI, Inc.
EVERFI is an international technology company driving social change through education to address the most challenging issues affecting society ranging from financial wellness to prescription drug safety to workplace conduct and other critical topics. Founded in 2008, EVERFI is fueled by its Software-as-a-Service (SaaS) community engagement platform and has reached more than 30 million learners globally. EVERFI powers community engagement in a sustained manner to empower individuals and organizations to make an impact within their communities. The Company also convenes Networks to bring together financial institutions, colleges and universities, and some of the largest corporations to leverage insights and connections to drive impact. Some of America’s leading CEOs and venture capital firms are EVERFI investors including Amazon founder and CEO Jeff Bezos, Google Chairman Eric Schmidt, Twitter founder Evan Williams, Advance Publications, Rethink Education, and Rethink Impact. To learn more about EVERFI visit everfi.com or follow us on Facebook, Instagram, LinkedIn, or Twitter @EVERFI or contact Jennifer Edgerly, 202-486-0518, jedgerly@everfi.com.
