ST. PAUL, Minn. — Amid the new anxiety over the economy, the $705 million Hiway Federal Credit Union is discovering that its year-old credit counseling program is paying off after it signed on with a Minneapolis agency.
Its linkup with the nonprofit Lutheran Social Service Financial Counseling in which the CU pays for free counseling and budget sessions to members, including at home phone calls, has doubled participation and is reducing expenses.
LSS, a member of the National Foundation for Credit Counseling, said its partnership with Hiway involving regular workshops, seminars and the home calling represents an expansion by the agency as it signs up more Minnesota CUs for its Financial Choice program.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
