Foundation provided Financial Well-being for All tools in 2021
The National Credit Union Foundation catalyzed change through credit unions and delivered meaningful impact last year, according to its 2021 Impact Report.
“Our engagement to bring the system together on financial well-being for all is working. It is evidenced by credit unions realigning strategic goals to measure and track member and employee financial well-being metrics in addition to overall loan and asset growth,” wrote Foundation Executive Director Gigi Hyland. “It is evidenced by system partners implementing cooperative principles training for new employees and embedding financial health aspects into digital products. It is evidenced by leagues and CUNA putting financial well-being for all as the touchstone for credit union advocacy. It is evidenced by the symbiotic work of our state credit union foundation network supporting grants, scholarships and education around financial counseling and financial well-being.
“Financial well-being for all is the future of credit unions to ensure long term impact and sustainability,” she adds.
Highlights of the Foundation’s 2021 impact include:
- DE graduates who will serve approximately 36.3 million members
- 7,700 credit union employees work alongside someone who attended an Exploring Why workshop.
- $440,000 in disaster relief was distributed through the Foundation’s CUAid program to credit union employees, directors, and volunteers in need.
- $100,000 in grants was awarded to enhance credit unions’ ability to identify, understand, and serve their increasingly diverse membership.
- Driving the Financial Well-being for All agenda through Foundation events, speaking engagements, strategic consultation, resources and support.