Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | Texas Trust Credit Union Aims to Improve Financial Well-being of its Members with EVERFIBy: Texas Trust Credit Union Financial literacy is essential for driving economic growth and improving the welfare of individuals, families, and the overall community. According to WalletHub's 2024 Most and Least Financially Literate States, Texas is ranked 29th. This means Texans with inadequate money management skills are more likely to have poor credit, carry high credit card balances, have low credit scores, pay more in interest, and incur more overdraft fees. The EVERFI platform gives Texas Trust members free access to a robust library of topics centered around personal financial education such as budgeting, savings, home buying, retirement planning, investing, and more. The easily understandable interactive learning modules provide financial knowledge that members can apply to their own personal money situations and help them build a brighter financial future. From opening a credit card to taking out a student loan, buying a home, or saving for retirement, most adults feel unprepared to make major financial decisions. The EVERFI platform guides members through interactive exercises where they can practice making financial decisions most relevant to them. Each topic offers a three- to-six-minute module allowing members to apply what they learn to their own situation. The mobile-first platform is available on all internet-enabled devices making it accessible anytime and anywhere. "We are concerned about the financial literacy of our members as well as other Texans," said Toni Nichols, Public Relations Manager at Texas Trust Credit Union. "EVERFI is an essential first step in our broader financial wellness initiative." Nichols added, "With this tool we want to create deeper member engagement and help our members gain the financial literacy that allows them to achieve personal financial growth and decrease wealth gaps." Texas Trust is part of a select group of Texas financial institutions offering the EVERFI (https://ttcu.everfi- About Texas Trust Credit Union Texas Trust Credit Union serves more than 137,000 members. With assets of more than $2 billion, Texas Trust is the 7th largest credit union in North Texas and the 18th largest in Texas. For more information, visit TexasTrustCU.org (http://www.texastrustcu.org/ End
|
|