Nearly 2/3 of Americans Fail Basic Financial Literacy*
You’ve got the tools and passion, yet credit unions and community banks like yours struggle to inspire growth in this area.
No surprise. People seek a reward for their work, and education on its own is a difficult goal.
So we built Learn4Saving.
We brought the traffic school model to financial literacy. Got a fine? Have an opportunity to waive it by taking an education course. Their goal? Safer drivers. Our goal? Same as yours: Financially-literate members.
Learn4Saving education goals:
- Analyze current spending and savings habits, challenges, and opportunities
- Offer tips for cutting spending and increasing savings
- Educate on payment methods and record-keeping guidelines
The 60 minute course has 5 lessons, each with a short quiz. At the end of the course, the user must pass (80% or higher) a 20 question final “exam”. After they’re finished, the system generates a Completion Certificate.
You got notice of a completed course: reward time! We suggest waiving one Overdraft or NSF fee. Another option is credit towards your loyalty rewards program. Consider their learning an investment…in your ongoing financial relationship. Help prepare them for future goals, then provide the tools and strategies to achieve it, step by step.
Saving your account holders money and furthering your mission of financial education? Go ahead and cheer. You’re building loyalty while doing important work.
The Learn4Saving course is offered at NO COST to your financial institution and your account holders.
* National Capability Study by the FINRA Foundation, which surveyed 27,564 Americans, from June through October of last year. FINRA is a quasi-government organization that regulates brokers and Wall Street.