George Washington University Credit Union Initiative

09/20/2021

You'll want to mark your calendars for this one! This Wednesday, our very own Jack Bentley, Manager of the Marketing Department, will be taking over our Instagram Story. Tune in to learn more about Jack and his work with GWUCUI!

09/01/2021

Following months of research, meetings, writing, and copyediting, we are extremely proud to announce that the Financial Literacy Department of the GWUCUI has taken the first steps to launch its official website. Through this platform, members and students will have access to various resources and modules that provide information about a wide range of financial tools and strategies for success. The programs available will serve to build participants' understanding of important financial concepts and promote informed decision-making for both individuals and households.

Link to the website: https://lnkd.in/eJFe3qfQ

08/30/2021

Following months of research, meetings, writing, and copyediting, we are extremely proud to announce that the Financial Literacy Department of the GWUCUI has taken the first steps to launch its official website. Through this platform, members and students will have access to various resources and modules that provide information about a wide range of financial tools and strategies for success. The programs available will serve to build participants' understanding of important financial concepts and promote informed decision-making for both individuals and households.

Click the link in our Bio to explore the website!

06/08/2021

In order to provide affordable and accessible digital banking solutions, we need your help. Please take a few moments to fill out this anonymous survey that will help us tailor our products to serve you best and assist you in building towards the future that you envision!

Survey Link: https://buff.ly/3w1pZuU

05/27/2021

GWUCUI’s series will look at news and updates affecting credit unions and other depository institutions.

At the NAFCU’s CEOs and Senior Executive Conference, NCUA Board Member, Rodney Hood, spoke on the rise of cryptocurrencies and how credit unions should address the intersection of business and technology. Speaking about digital products like cryptocurrencies, Mr. Hood noted that "he sees a potential promising future for credit unions and technology in the form of digital products such as Bitcoin and cryptocurrency; but for now, there’s no rush to get there."

Read this story and more here! https://buff.ly/3bZ9dod

05/07/2021

CHECK THIS OUT!

We’re glad to see the SFCU at the University of Pennsylvania has been successful in implementing what we believe is the future of credit building: the Credit Builder product.

“The program allowed participants to take out a $1,000 shared secured loan in a frozen account they couldn’t access. Then, the SFCU made monthly payments to repay the loan and any accumulating interest on the customer’s behalf, reporting these to credit agencies to allow the customer to increase their credit score.”

If you are interested in learning more about the credit builder product at the SFCU-UPENN, check out the links below!
https://buff.ly/3ba7YSI
https://buff.ly/3euay7S

Student-run credit union provides pandemic help and more.

04/29/2021

GWUCUI's series will look at news and updates affecting credit unions and other depository institutions.

The NCUA is officially making April, National Financial Capability Month! NCUA Chairman, Todd M. Harper, encouraged credit unions and their members to utilize the agency’s many financial literacy resources available to them during National Financial Capability Month. Harper, acknowledging research that shows a person's overall well-being is directly correlated with their financial well-being, noted that this month "is a good time for credit unions to invest in the financial literacy of their members."

Read this story and more: https://buff.ly/3e5Vq0F

📸 credits to the NCUA

04/23/2021

Ever look at your bank account and wonder where all that money from your last paycheck went? If so, you're not alone. According to Statista, 49% of purchases by those aged 18-24 in the United States were on impulse. So how do you overcome the urge to spend that hard earned cash? No worries, we have you covered in this week's post!

04/14/2021

All aboard the personal finance train! This Friday at 11am GWUCUI will be holding a personal finance discussion about how to best manage your expenses and make the most of your paycheck.

Zoom Link: https://buff.ly/2QRtfcx

04/08/2021

Ah yes, the age-old question: how do credit unions differ from banks? No need to spend hours pondering this question anymore - here are 5 reasons why YOU should choose credit unions over banks!

04/01/2021

Last call to sign up for our FIRST Personal Finance event this Friday, April 2nd at 3 p.m. EST. Learn all about the different ways you can build credit, what affects your credit score, and how to choose the best option for you.

Register via Handshake: https://buff.ly/3uaOTXy
Zoom Link for the Event: https://buff.ly/2QRtfcx

03/30/2021

Only 4 more days until our first financial literacy event, hosted by our very own Akshara Desai! Learn all about the different ways you can build credit, what affects your credit score, and how to choose the best option for you.

Zoom Link to the Event: https://buff.ly/2QRtfcx