Consumers’ financial health declined in 2022 for the first time in the five years the Financial Health Network has tracking this measure—making credit unions’ efforts to improve members’ financial well-being especially important.
This episode of the CUNA News Podcast explores how credit unions aim to change that, from credit counseling and financial literacy initiatives to increasing access to affordable housing.
We talk to:
You can listen to the CUNA News Podcast in Apple Podcasts, Google Podcasts, Spotify, and Stitcher Radio. A video version of the episode is available on the CUNA News YouTube page.
In this episode:
1:07: Why financial health is a top priority
3:03: CDFI designation
5:26: Where members struggle
7:22: What’s behind the renewed focus on financial well-being
16:54: The role of technology in financial health efforts
24:28: New directions for financial well-being initiatives
30:48: Advice for other credit union leaders
35:10: Focus on savings