NWCUF, Balance Announce Personal Finance Training Partnership

The NW MESA program is a powerful tool providing financial assistance to individuals with lower incomes by helping them save for post-secondary education at Idaho, Oregon, or Washington schools. And according to a recent announcement from the Northwest Credit Union Foundation, a partnership with Balance will also provide participants with a comprehensive digital financial education toolkit.

The NW MESA program—facilitated by NWCUF and Montana’s Credit Unions for Community Development (MCUCD)—offers a 3:1 savings match. For every dollar a participant saves, he or she will be eligible to receive another three dollars, with a maximum match of up to $1,500. One of the requirements for participation is completion of a personal finance/money management course.

The NWCUF selected BALANCE’s BalanceTrack eLearning modules to provide training to MESA account holders.

“We looked for a fun, easy, helpful resource for our MESA students and we found that in our partnership with BALANCE,” said Denise Gabel, NWCUF Executive Director.

Participants will utilize the BalanceTrack series of eLearning modules focusing on eight core financial topics: money management, checking account management, high-cost financial services, the psychology of spending, purchasing an automobile, credit matters, understanding credit reports, and repaying student debt. Each module includes coursework, worksheets, podcasts, and quizzes. At the end of each module, participants are tested on the concepts they learned.

“More than 180 credit unions in the Northwest are focused on empowering families to save. Improving financial capability is exactly what not-for-profit, member-owned credit unions are all about,” said Gabel.

Looking for more information on the NW MESA program? There’s a webinar coming up soon—click here for more information, or to RSVP. You can also contact NWCUA Program Manager Kaitlin Ramos as kramos@nwcua.org or 503.350.2208.

For more information on Balance, contact James Flores at jflores@balancepro.org, or for more details about the BalanceTrack eLearning modules, visit www.balancepro.org/balancetrack.

Questions about this story? Contact Eric Horvath: 503.350.2222, ehorvath@nwcua.org.

 

Posted in Events, Financial Education.