National Credit Union Foundation Executive Director Gigi Hyland appeared on CUBroadcast this week to talk about financial health in the credit union system, and how credit unions can evolve their focus on financial literacy. Hyland shared her experiences at FinHealth18, an event hosted in April by the Foundation, the California/Nevada Credit Union League and Balance.
The three-day event featured credit union professionals discussing ways to make financial health a key part of a credit unions’ strategy.
“Our main goal was a couple of things. One, we know that credit unions do with all this great work around financial education, but how do you measure it? How do you know you’re taking someone from Point A to Point B, C or D on their financial journey and that it’s improving?” Hyland said. “We also talked about the ways financial health links to physical health, how to operationalize financial health and how to make it work at your credit union.”
Hyland also discussed Financial Capability Month, hosted by the Financial Literacy and Education Commission to encourage people to take action to improve their financial futures. These efforts included the booth at Financial Literacy Day on Capitol Hill.