GreenState introduces financial literacy app
Credit union partners with Greenlight
GreenState Credit Union announced a partnership with Greenlight Financial Technology Inc. to better serve families and help the next generation build healthy financial futures.
Now, GreenState members will have free access to Greenlight’s award winning family finance app.
“GreenState is excited to offer access to the Greenlight app to our members free of charge,” said Jim Kelly, chief growth officer. ” Greenlight’s product offers unparalleled technology and engaging financial literacy tools for kids of all ages. Kids and teens enrolled in the program get hands-on experience managing finances through the app and by using their debit cards, and parents get an easy tool for sending allowances, all with plenty of parental controls in place.”
A Greenlight survey showed 91 percent of kids and teens believe they need financial knowledge and skills to achieve their life goals and 94 percent of parents agree. Still, only 35 states require a personal finance course for students and teens score an average of 64 percent on the National Financial Literacy test, showing a clear gap in financial education that is accessible and effective.
Parents also rank personal finance as the No. 1 most difficult life skill to teach their children, with 81 percent saying they wish they had more financial education tools and resources, according to a Greenlight survey.
Greenlight offers a debit card and app that teaches kids and teens how to earn, save, give, and spend wisely all with parental supervision. Using the Greenlight app, parents can send money instantly, automate allowance payments, manage chores, set flexible spending controls, get real-time notifications of all transactions and more. Kids get hands-on money management experience, along with access to Greenlight Level Up, an in-app financial literacy game with a best in class curriculum, educational challenges and rewards.
“Our Greenlight for Credit Unions program helps credit unions better serve families and engage the next generation with financial tools and education designed just for them,” said Matt Wolf, senior vice president of business development at Greenlight. “Partnering with leading credit unions like GreenState allows us to reach even more more families and improve financial literacy together.”
GreenState members can receive a free Greenlight Select subscription by registering through greenstate.org/greenlight.