Credit Unions Ramp up Online Financial Education During COVID-19 Crisis
Posted by Ben Shuey on May 21, 2020
Idaho, Oregon, and Washington have issued stay-at-home orders, forcing residents to find ways to pass the time. In addition, many are experiencing financial hardship as they ride out the COVID-19 crisis. Credit unions understand the frustration and financial struggles, so they’re stepping up to offer even more online financial education.
Several Northwest credit unions have collaborated with financial wellness organizations to bring free education to their members, tying the opportunities in with Financial Literacy Month.
Westmark Credit Union, based in Idaho Falls, Idaho, has partnered with Banzai to help both adults and children learn tips for managing their money. Westmark members can sign up for free, interactive courses online, covering topics like saving, budgeting, using credit, calculating the costs of college, and paying off auto loans. Teachers can use the Banzai resources in their classes, as well. “Are you looking for something to keep your kids busy? You can make sure they are still learning while they are out of school!” Westmark shared in a post on Facebook, linking to the newest Banzai article, “Teaching Children About Money.”
GreenPath Financial Wellness, a national nonprofit and partner of Icon Credit Union, based in Boise, Idaho, recently published an article on teaching kids the importance of saving. Icon shared the article with members on Facebook, explaining, “Now is a better time than ever to teach your kids the importance of saving money. Teaching children how to budget establishes healthy financial habits and prepares them for unexpected financial setbacks.”
OnPoint Community Credit Union in Portland is making it simpler for its members to pursue financial education by partnering with Enrich, an award-winning financial wellness platform. OnPoint members can access financial literacy resources like articles, videos, courses, and more — for free. OnPoint’s blog also houses valuable financial literacy resources, including an article that outlines fun activities to keep kids learning while school is out.
For those considering purchasing a home in the near future, Horizon Credit Union, based in Spokane Valley, Washington, offers its members an interactive homeownership course covering the pros and cons of buying, common costs associated with homeownership, tips for mortgage readiness and loan decisions, and more.
Editor’s Note: Want to share some financial literacy resources your credit union is offering members this month? Email us!
Posted in Community Impact.