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CUNA Mutual Group & Credit Unions Launch New FinHealth Fund

The $10 million industry-wide initiative will scale efforts to help members with financial challenges.

chalkboard showing savings growth with three piggy banks Source: Shutterstock.

CUNA Mutual Group in Madison, Wis., and four credit unions have contributed $2 million to launch the FinHealth Fund, a new industry-wide initiative to help credit unions scale their efforts to improve the financial wellness of members, employees and communities.

“The financial health of 166 million Americans is fragile and uncertain. Now is the time to act boldly, to come together as a cooperative movement and accelerate work that can improve the financial well-being of our employees, members and communities,” the credit union organizations said in a Monday prepared statement. “We are now calling on our credit union peers, system partners and providers to join us in raising $10 million over the next five years. We can transform lives by helping people improve their financial health. This is at the heart of why credit unions exist.”

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Peter Strozniak

 

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