Build stronger member relationships through financial counseling

first_imgAccording to a recent BlackRock report, financial worry outranks other leading stressors including health, family and work. Financial stress is a top worry for American families because many of them live paycheck to paycheck and find it difficult to secure a brighter financial future by breaking this cycle.Many facing financial difficulty want to improve their financial outlook, but are unsure how to start planning for their long-term goals. When asked in a J.D. Power’s 2018 Retail Banking Advice Study what they wanted from their financial institutions, 78% of respondents indicated financial advice or guidance, while only 28% said they have access to these services. Considering these statistics, offering a financial wellness program at your credit union could be as important as offering a checking or savings account.Working financial education and counseling into your service offering has the potential to enhance member engagement and lead to greater growth for your credit union. You’ll also demonstrate your commitment to your members’ financial security well-being while improving your bottom line. Here are 3 reasons why you should consider having a financial wellness program at your credit union:Increasing number of Americans dealing with financial instability. According to the CFSI Financial Health Pulse, 72 % of Americans are facing financial hardship. More members than you realize may be looking for financial guidance. Your credit union can reach and engage membership that are burdened by student loans, medical bills, credit card debt and a host of other financial troubles. Growing desire for wellness benefits among credit union staff. Your employees are dealing with the same financial challenges as other Americans. The PwC 2018 Employee Wellness Survey results indicate financial insecurity negatively affects employee health and productivity and more employees want access to financial wellness benefits.Building a competitive edge. You can fulfill unmet needs of your membership and build loyalty through meaningful engagement. You’ll also attract new membership looking to access these benefits. Depending on the resources available to your credit union, you may find that a partnership with a financial wellness program like GreenPath Financial Wellness can be the quickest way to add financial counseling to your member service offering. They specialize in credit-union focused financial counseling and education services.GreenPath Financial Wellness has partnerships with over 500 credit unions across the U.S. and have helped others like you:Develop a financially healthier membershipReduce losses from charge-off or bankruptciesAchieve higher engagement levels with productsLearn more by connecting with us at cuna.orgLearn more about how GreenPath can help your members achieve financial well-being, by visiting 16SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

CAF/Loc Concludes Orange Chan 2014 Host Cities Visits

first_imgThe Confederation of African Football (CAF) sent a high level delegation led by Mr. Almamy Kabele Camara, the CAF 2nd Vice President and Chairman of CAF Organising Committee of CHAN, and accompanied by CAF Deputy Secretary General, Mr. Essam Ahmed, and CHAN 2014 CAF Event Director, Mr. Amr Fahmy to conduct host cities inspections for the 3rd Edition of the African Nations Championship (Orange CHAN 2014) which will take place at the 3 Host Cities; Cape Town, Mangaung (Bloemfontein), and Polokwane between 11 January and 1 February, 2014.Accompanying the CAF delegation was the Local Organising Committee led by the CEO, Mr. Mvuzo Mbebe. The team conducted inspections at facilities and sites such as stadiums, training sites, and hotels, to determine the state of readiness and to confirm minimum requirements stipulated by CAF to host a tournament of this nature.Addressing the joint CAF/LOC media conference held at the OR Tambo Southern Sun Hotel, Mr. Kabele Camara expressed his full satisfaction and confidence in the 3 cities and their readiness when he said: “I could not have expected anything less from South Africa and the 3 cities as your country has a proven track record in hosting successful international events. With 162 Days to go today, the LOC and the 3 host cities are already hard at work in ensuring that CHAN lives up to the same standard recently witnessed when the country hosted Orange AFCON 2013. We visited and conducted a detailed inspection of the competition areas in the stadium including training sites, media operations, hospitality areas, as well as team, referees, media and CAF hotels. Judging by the state of preparedness and readiness, I can assure you that these cities are preparing for an excitement football tournament that will once again make your country and the continent proud. I only have good news to report back to the CAF President, Mr. Issa Hayatou”. The CEO of the LOC, said: “We are not going to let the success of Orange AFCON 2013 get into our heads and we are not taking anything for granted. We are applying the same formula we used during AFCON as well as the lessons learnt to make sure that Orange CHAN 2014 delivers in accordance with our objectives as well as CAF expectations. We are still going to return to the host cities for another round of visits as the LOC, at the end of August and again in November, together with CAF again. This is how serious we take this competition.We also share the same sentiments expressed by the CAF Vice President and Deputy Secretary General of CAF and we are pleased with what we have seen so far.”last_img read more