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Wednesday, May 22, 2024

iGrad and United Teletech Financial Federal Credit Union Collaborate to Provide Enrich Personalized Financial Wellness Program to 25,000 Members

United Teletech Financial Federal Credit Union has recently announced their partnership with iGrad to offer the Enrich™ financial wellness platform to their 25,000 members. This platform includes a personalized financial wellness program featuring the Your Money Personality™ financial behavior assessment, credit score reporting, financial education courses, retirement and home affordability analyzers, a suite of student loan and higher education tools, personal finance calculators, and a real-time budget tool.

CEO Leo Ardine emphasized the credit union’s commitment to helping members make financial decisions that benefit them, regardless of their life stage. Enrich is used by more than 20,000 employers and 300 financial institutions nationwide.

A recent survey conducted by SoFi at Work and Workplace Intelligence found that 51 percent of employees are more stressed about their finances today than during the height of the pandemic. Additionally, a 2021 Capital One CreditWise survey revealed that 73 percent of Americans rank finances as the most significant source of stress.

The Enrich platform prompts users to regularly update their stress score to gauge the correlation between improved financial wellness and stress levels. Positive behavior changes among Enrich participants include an increase in emergency savings funds, more users paying their credit cards in full every month, being on track with their financial goals, and contributing to their retirement plan.

iGrad, a San Diego-based financial technology company, provides artificial intelligence-powered financial wellness solutions to colleges, universities, employers, and financial institutions. The company’s Your Money Personality™ was recognized by the Institute for Financial Literacy with the 2020 Excellence in Financial Literacy Education (EIFLE) Adults’ Education Program of the Year award. United Teletech Financial Federal Credit Union aims to demonstrate the importance of behavior-changing financial wellness education through its offering of Enrich to its 25,000 members.

United Teletech Financial Federal Credit Union is a not-for-profit financial cooperative serving members in central New Jersey. Established in 1967, the credit union has grown to serve over 380 sponsor companies. Under a community charter granted by the National Credit Union Administration in April 2005, UTF offers membership to residents in Monmouth and Ocean counties and parts of central Middlesex County.

The partnership between United Teletech Financial Federal Credit Union and iGrad illustrates their dedication to providing members with the tools and resources needed to improve their financial well-being. The Enrich platform is an innovative solution that can effectively address the financial stress faced by many individuals, contributing to an overall positive impact on their quality of life.

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