Telhio Launches Personalized Financial Education Tool
[Columbus, OH, March 2, 2020] - Telhio Credit Union today announced the introduction of a new mobile-first, financial education resource to help Telhio Credit Union members build financial health and confidence for themselves and their families. Money iQ is made available, free of charge, through Telhio Credit Union's relationship with the leader in financial wellness technology solutions, EVERFI, Inc.
Money iQ offers a robust library of learning topics around important personal financial education concepts including budgeting, investing, homeownership, retirement planning, and more. The interactive financial education platform is designed to provide consumers with the tools and personalized knowledge necessary to make informed just-in-time financial decisions.
"Financial literacy is very important to the economic health of our communities. We truly care about all aspects of the well-being of our employees and our members, including their financial health," said Derrick Bailey Chief Sales Officer, Telhio Credit Union. "Helping them improve their financial IQ allows us to make a direct impact the communities we serve, furthering our commitment to member education and social responsibility. It's all about People helping People."
A recent EVERFI study found that 78 percent of adults wish they had more information readily available when making financial decisions1. From opening a credit card to taking out a student loan, buying a home or saving for retirement, most adults feel unprepared to make large financial decisions without additional information. Through Money iQ, users are guided through interactive exercises that allow them to practice making financial decisions most relevant to them in a fail-safe environment. Each topic area offers a 3-6 minute module designed to enable users to apply what they have learned to their personal financial goals. The mobile-first design is available on all internet-enabled devices so that learners can access it anytime, anywhere.
"Understanding your finances and making sound financial decisions is key to a strong future, but many people don't know where to turn to get the information they need in a way that is easily digestible and understandable," said EVERFI Co-Founder and President of Financial Education, Ray Martinez. "This program is a testimony to EVERFI's commitment to providing financial education to learners of all ages and we commend Telhio Credit Union for making this commitment to educate their consumers, allowing them to take control of their financial health."
1 Source: EVERFI Consumer Financial Education: Experiences and Preferences survey, March 2019