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Follow on Google News | Phroogal Bridging the Financial Education GapHow the credit union philosophy of people helping people is making Phroogal a reality.
By: Phroogal How the credit union philosophy of people helping people is making Phroogal a reality. Jason Vitug recently returned from a yearlong backpacking trip around the world. While he was in the Bagan archaeological site in Myanmar an idea surfaced on how to help people live rich, frugally (http://www.phroogal.com) Vitug has worked in the financial services industry for the last 10 years. Although Vitug started his career in a bank he eventually landed his way into the credit union world. He worked his way from a teller to vice president of marketing at Tyco Credit Union (http://www.tycocu.coop) A credit union is a not-for-profit financial cooperative. Simple put members’ save money and other members borrow. “My experiences in credit unions have influenced a fundamental principle of Phroogal. Our value proposition is helping people share money knowledge through technology. It stems from that principle idea that people are willing to help people, “ stated Vitug. Although, credit unions started as a savings and credit institution they have since evolved to be competitive alternatives to banks. There is a sense of frugality (http://www.phroogal.com) with credit unions and Phroogal was born from the word frugal (http://www.phroogal.com) “There are so many resources that are available and many people do not know about them because there is so much information to sift through,” adds Jason. “Have you ever typed in a search for ‘how to improve a credit score (http://blog.phroogal.com)’ and there are hundreds of millions of results. So what do you do?” There are tremendous amounts of resources available to help people manage money (http://blog.phroogal.com) For instance, users might ask a question about creating a budget (http://www.phroogal.com) For more information visit www.Phroogal.com End
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