Telhio Credit Union recently announced a partnership with
Greenlight® Financial Technology, Inc. to better serve families and help the
next generation of members build healthy financial futures. Telhio members with
personal checking accounts will have free access to Greenlight's award-winning
family finance app, available through the Greenlight for Credit Unions program.
Research shows that 91% of kids and teens believe they need
financial knowledge and skills to achieve their life goals, and 94% of parents
agree. Still, only 35 states require a personal finance course for students,
and teens score an average of 64% on the National Financial Literacy Test,
showing a clear gap in financial education that is accessible and effective.
Parents also rank personal finance as the most difficult life skill to teach
their children with 81% saying they wish they had more financial education
tools and resources.*
"Partnering with
Greenlight allows us to offer valuable financial benefits to our youngest
members," said Nick Biratsis, Telhio Vice President of Marketing. "Instilling a
strong understanding of financial wellness at a young age to our members is a
core value of Telhio. By partnering with Greenlight, Telhio parents will now
have that additional resource to support their children's financial education."
Greenlight offers a debit card and app that teaches kids and
teens how to earn, save, give, and spend wisely - all with parental
supervision. Using the Greenlight app, parents can send money instantly,
automate allowance payments, manage chores, set flexible spending controls, get
real-time notifications of all transactions, and more. Kids get hands-on money
management experience, along with access to Greenlight Level Up™, an in-app
financial literacy game with a best-in-class curriculum, educational challenges,
and rewards.
Telhio members with a personal checking account can receive
a free** Greenlight Select subscription by registering through
telhio.org/greenlight and adding their Telhio account as a funding source.
*Survey
insights were collected by Greenlight through a Researchscape survey fielded
between March 22 and March 24, 2024, among 2,310 respondents in the U.S., split
between kids and teens ages 10-19 and parents of 10-19-year-olds.
*Survey
insights were collected by Greenlight through a Researchscape survey fielded
between February 9-12, 2023, among 1,034 U.S. respondents, all of whom were
working parents of 8-18-year-olds.
About Telhio Credit Union
As
Ohio's top SBA (Small Business Administration) lending credit union, Telhio
serves more than 68,000 individuals, families, and businesses across central
and southwestern Ohio with the newest innovative financial technology, while
providing personalized service for each member. Founded in 1934, and owned and
governed by its members, Telhio's core values of caring, commitment and
integrity guide each action and decision the credit union makes. As we
celebrate 90 years, we renew our pledge to putting people over profit, and
thank our members for continued trust and support.
Telhio offers 12 branching offices in Ohio and nearly 4,000 shared branching
locations nationwide. Telhio is open to anyone who lives, works, worships, or
goes to school in central and southwestern Ohio and participates in the highest
level of combined federal and private share savings insurance available,
insuring personal deposit accounts up to $500,000. (Federally insured by NCUA.
Additional coverage up to $250,000 provided to consumer account holders by
Excess Share Insurance Corporation, a licensed insurance company.)
**
Telhio Credit Union members are eligible for
the Greenlight SELECT plan at no cost when they connect their Telhio Credit
Union personal checking account as the Greenlight funding source for the
entirety of the promotion. Subject to minimum balance requirements and identity
verification. Upgrades will result in additional fees. Upon termination of
promotion, members will be responsible for associated monthly fees. See terms
for details. Offer ends 8/12/2026. Offer subject to change and partner
participation.
MEDIA CONTACT: Angela Krile, Krile Communications, 740-974-3948, angela@krilecommunications.com
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