Pandemic Program  
 
Toolkit

The goal of the toolkit is to enable Foundation staff to help credit union staff build upon their skills and knowledge as they help members navigate their individual paths to financial health. The toolkit covers topics, such as finance, coaching, counseling, the cycle of change, and building relationships, which are all intricately connected.

Financial counseling certification program

The Foundation is offering the Credit Union National Association Financial Counseling Certification Program (FiCEP) free of charge to affiliated Cornerstone credit union staff, combining the convenience of a self-study program with group hands-on learning. Students gain the knowledge necessary to assist and empower members to improve their financial well-being. Upon completion of the eight-module program, they become Certified Credit Union Financial Counselors (CCUFC). Through this advanced training, credit union employees acquire skills to help members experiencing financial difficulties, reduce delinquencies and charge-offs, and grow product and service revenue. Additionally, students demonstrate the credit union difference and attract new members.

The Foundation is offering two options: the standard program and the accelerated program. The accelerated program begins on May 18, and participants will complete the training the week of July 24.* The standard program starts on July 22 with completion during the week of Nov. 6.*

After students pass exams for Module I and Module II for both options, they will receive their certifications and be available to counsel members.

* Students understand that barring extraordinary circumstances, they will complete the full program within the provided time frame. If not completed, the student will be responsible for reimbursing the Foundation for $550, which is the original cost of the program.

Free financial one-on-one counseling

The Foundation is partnering with BALANCE to offer credit union staff one-on-one coaching with a licensed financial coach/counselor for up to one year.

Credit union staff and their dependents can call 888-456-2227 toll-free to discuss money management questions, receive debt counseling, schedule appointments for free budget counseling, or request information on a variety of financial issues.

BALANCE will provide educational materials and resources in electronic format and two free monthly webinars to assist with personal finance education and personal financial wellness. Credit union staff can request credit reports (free or at their own expense) with access to certified credit report reviewers to clarify content, answer questions, and provide tools to assist with fraud or dispute issues.

Credit union employees can also receive BALANCE debt solutions at their own expense, as well as access to the BALANCE housing department for help with issues from first time home buying to foreclosure prevention.

Founded in 1969, BALANCE is a nationally respected, Housing and Urban Development-approved financial services organization with a mission to end generational poverty. BALANCE accomplishes this one wallet at a time, helping people achieve financial health through debt reduction, credit score improvement, homeownership, and improved money management skills.

Affordable e-learning

The Foundation is partnering with three financial capability providers to offer affordable e-learning platforms to credit unions for one year. Each provider will host an educational webinar, describing its programs and costs and allowing credit unions to choose which platform best suits their needs and budgets.

The Foundation will cover a portion of the cost to host the program on its website for one year based on the credit union’s asset size, with the understanding that the credit union can apply for a traditional financial capability grant in 2021 to continue the program.

Asset size Foundation covers Credit union covers
Less than $51 million 50% 50%
$51 million to $750 million 40% 60%
More than $750 million 20% 80%


   

BALANCE programs

Through BALANCE, credit unions receive access to expert guidance on critical topics, such as breaking the paycheck-to-paycheck cycle, paying off debt, and saving for a home. With a customizable, co-branded website, credit unions can tap into BALANCE’s ever-growing library of e-learning modules, videos, podcasts, toolkits, articles, and calculators. BALANCE is continually adding new content to address consumers’ specific financial needs and striving to offer innovative ways for credit unions to engage their members, including multimedia content kits, fun contests, and social media tips and tricks. Visit WhyBALANCE.org for details and to download a free Financial Wellness Booklet.

For questions, please contact Erin Allen, SVP, at eallen@balancepro.org or 909-319-8463.

Interested in learning more? BALANCE will host two demos on May 14 at 10 a.m. and May 21 at 2 p.m. Demos will be recorded and posted on the Foundation website. Click here to register.

Founded in 1969, BALANCE is a nationally respected, HUD-approved financial services organization with a mission to end generational poverty. BALANCE accomplishes this one wallet at a time, helping people achieve financial health through debt reduction, credit score improvement, homeownership, and improved money management skills.

ENRICH

The Enrich Financial Wellness Platform features dynamic and interactive tools, courses, and content to deliver a highly personalized experience for credit union members. The organization’s in-house team updates the portal daily, and the team is uniquely able to customize the platform to the credit union’s specifications. Click here to learn more.

For questions, please contact Todd Woodlee, vice president, at twoodlee@igrad.com or 706-231-0150.

Interested in learning more? ENRICH will host two demos on May 12 at 10 a.m. and May 19 at 2 p.m. Demos will be recorded and posted on the Foundation website. Click here to register.

iGrad is a San Diego-based financial technology company that provides artificial intelligence-powered financial wellness solutions to employers, financial institutions, and colleges and universities. iGrad’s Enrich Financial Wellness platform is used by more than 20,000 employers and more than 300 financial institutions to provide behavior-changing financial literacy education to employees, customers, and members. iGrad received the 2019 Eddy Award for Financial Wellness by Pensions & Investments for its Enrich platform. For more information, visit enrich.org.

EVERFI digital adult and family financial education technology

EVERFI’s platform for adults is an interactive, mobile-first financial education solution that allows credit unions to deliver personalized financial education to their members. The platform is private-branded and customized to the credit union’s brand and values, allowing the institution to embed custom content and calls-to-action in the learning experience. Digital content is bite-sized, available in English and Spanish, and features a library of more than 200 personal finance topics for adults. Click here for more information.

EVERFI also provides a series of digital financial education modules for members to share with their children.

For questions, please contact Natalie Bloom at nbloom@everfi.com or 248-917-1552.

Interested in learning more? EverFi will host two demos on May 13 at 10 a.m. and May 20 at 2 p.m. Demos will be recorded and posted on the Foundation website. Click here to register.

EVERFI is a leading education technology company that provides real-world education to millions of learners annually, including more than 30,000 K–12 schools,1,400 colleges nationally, and 1,000 financial institutions. EVERFI’s proprietary learning platform empowers its partners to instill knowledge around critical topics in the classroom, the workplace, for their customers, and the community through scalable, private-branded, digital learning while also collecting data insights and tracking impact. Topics include financial literacy, entrepreneurship, sustainability, mental wellness, prescription drug abuse prevention, diversity & inclusion, and workplace culture issues.