ST. PAUL, Minn. (11/7/13)--Credit unions in Minnesota formed a statewide partnership with a charity's financial counseling arm to offer additional financial advice and education.
The Minnesota Credit Union Network announced the deal with Lutheran Social Service on Tuesday, hailing its potential benefit to the state's credit union members.
"Credit unions are flocking to provide counseling services to their members because they understand the needs of today's consumers," said MnCUN President/CEO Mark D. Cummins. "Through counseling and personal finance education, credit unions are committed to improving the lives of their members."
The LSS "Financial Choice" program offers debt management advice over the phone and in person. Its certified financial and housing counselors specialize in credit card debt, student loan debt and foreclosure prevention.
LSS services are currently offered at 15 credit unions throughout the state: