CoastHills Credit Union Partners with iGrad to Offer the Enrich Personalized Financial Wellness Program to Its 72,000 Members
Summary
San Diego, CA, March 03, 2022 --( PR.com )-- CoastHills Credit Union has teamed up with San Diego-based financial education company, iGrad, to offer the award-winning Enrich™ financial wellness platform to its 72,000 members in Californias Central Coast.CoastHills Credit Union’s Enrich personalized financial wellness program features the Your Money PersonalityTM financial behavior assessment, which analyzes each user’s financial “personality.” The platform also provides:● Financial education courses with personalized action plans on topics including budgeting, mortgages, healthcare, college savings, student loan repayment, banking, credit, financial planning and more.● Retirement and home affordability analyzers.● A suite of student loan and higher education tools.● Personal finance calculators and a real-time budget tool.“High quality personal finance education has the ability to address many economic and social concerns which impact our community,” said CoastHills Vice President of Education and Communication. The Enrich platform includes dynamic tools and courses, delivering a highly personalized and interactive learning experience on financial topics including student debt, mortgages, budgeting, investing, retirement and long-term care.According to a 2021 Capital One CreditWise survey(1), 73 percent of Americans rank their finances as the most significant source of stress.To combat this financial stress, Enrich users are prompted to update their stress score regularly to gauge the correlation between improved financial wellness and stress levels. Recent Enrich data revealed that as participants improved financial understanding, their stress levels dropped by an average of 23 percent.Other positive behavior changes included:● 27 percent increase in users with emergency savings funds covering three to six months of expenses.● 28 percent increase in users who pay their credit cards in full every month.● 32 percent increase in users getting on track with their financial goals.● 15 percent increase in users contributing to their retirement plan.“Enrich can help people of all income levels and in all stages of life,” said Tim Delaney, iGrad vice president of business development for Enrich. iGrad also received the 2019 Eddy Award for Financial Wellness by Pensions & Investments for its Enrich platform. For more information about the Enrich platform for employers and financial institutions, visit https://www.enrich.org.1.