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Wednesday, May 22, 2024

iGrad Collaborates with Maui County Federal Credit Union to Provide Enrich Personalized Financial Wellness Program to 20,000 Members

Maui County Federal Credit Union, based in San Diego, CA, has partnered with iGrad, a financial education company, to provide the award-winning Enrich™ financial wellness platform to its 20,000 members. The Enrich program features a personalized financial wellness program that includes a financial behavior assessment called Your Money Personality™, which provides users with personalized financial insights. In addition, the platform offers a host of valuable tools such as financial education courses, retirement and home affordability analyzers, student loan and higher education tools, personal finance calculators, and real-time budgeting tools.

Gary Fukuroku, President/CEO of Maui County FCU, expressed excitement about adding the Enrich platform to the credit union’s lineup of financial education tools. He emphasized the organization’s commitment to the financial wellbeing of its members and community.

Enrich is widely used across the country, with more than 20,000 employers and 300 financial institutions leveraging its artificial intelligence technology to engage users with relevant content based on their financial situation and life stage. The platform provides a highly personalized and interactive learning experience on a wide range of financial topics, including student debt, mortgages, budgeting, investing, retirement, and long-term care.

The need for financial wellness has become increasingly apparent, with surveys showing that a significant percentage of Americans experience stress related to their finances. Enrich addresses this issue by prompting users to regularly update their stress scores to track improvements in financial understanding and their correlation to reduced stress levels. Recent data revealed improved financial wellness led to a 23% decrease in stress levels among participants. Additionally, positive behavior changes were observed, including increases in emergency savings funds, credit card payments, progress on financial goals, and contributions to retirement plans.

Sam Evans, iGrad’s Vice President of Business Development for Enrich, highlighted the positive impact of improved financial wellness on overall quality of life, stating that many American adults across income levels worry about their financial future. iGrad is committed to partnering with organizations like Maui County FCU to improve the financial wellness of their members.

iGrad is a San Diego-based financial technology company that provides artificial intelligence-powered financial wellness solutions to millions of students, employers, and financial institutions. The company’s Your Money Personality™ program has been recognized with awards for its excellence in financial literacy education, and it continues to be a leader in the financial wellness space.

In conclusion, the partnership between Maui County FCU and iGrad is a promising step towards enhancing the financial wellness of the credit union’s members. By offering the Enrich platform, Maui County FCU is demonstrating its dedication to providing valuable resources and tools to improve the financial wellbeing of its community.

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