Date: Oct. 26. 2022
Location: Credit Union House of Virginia (108 N 8th St., Richmond, 23219)
- 10:00 AM – 10:30 AM (Registration/Networking)
- 10:30 AM – 11:00 AM (Welcome/VACUL Updates)
- 11:00 AM – 11:45 AM (The Gateway to Financial Health)
- 11:45 AM – 1:00 PM (Lunch/Networking)
- 1:00 PM - 1:45 PM (NCUF – FWBFA Initiative Overview)
- 1:45 PM – 2:45 PM (CDFI Overview)
- 2:45 PM – 3:15 PM (Wrap-Up)
Financial Well-Being for All
National Credit Union Foundation Executive Director Gigi Hyland joins us to discuss the Foundation’s “Financial Well-Being for All” initiative and how credit unions can rededicate themselves to offering and delivering financial strategies that help the CU grow, members and employees thrive, and communities prosper.
According to the Financial Health Network, more than 176 million people are financially unhealthy, and the wealth gap is widening. Credit unions were established to provide safe, affordable and relevant financial products to the underserved and overlooked. This is our mission – a mission that’s never been more important given the ever-evolving financial services landscape and the complexities and challenges that result.
The Gateway to Financial Health: Help Your Members & Your Credit Union Grow!
Your members need you. But are you doing enough to meet them where they are in their life and financial journeys? Virginia Credit Union’s Cherry Dale will provide a deep dive into her credit union’s focus on financial education, offering a look at the universal lessons, strategies and tactics that can be applied at your credit union.
You’ll learn about …
- The correlation between member financial health and members satisfaction, product use and financial confidence.
- Developing a financial health strategy for your credit union.
- Creating programs for “financially vulnerable” and “financially coping” households.
Learn How the CDFI Designation Could Aid Your CU & Community
Community development financial institutions (CDFIs) are community-focused, innovative, and extremely responsive to their communities’ capital needs. This relatively unknown radar industry was named “first responders” in the economic crisis in 2020 and has been a key resource for inclusive economic recovery over the last 18+ months. Join this discussion to glean lessons learned about CDFIs, how they support place-making economic development, and how financial institutions can become one. Presenters Amanda Habansky (CEO of Peoples Advantage Federal Credit Union) and Leah Fremouw (CEO of Bridging Virginia) will cover the following key learning objectives:
- Better understand how community-focused financing tools can help build economic activity.
- Identify ways to bring additional financial and technical assistance resources to their areas.
- Strategically leverage existing experience to become a CDFI.