CFSI is pleased to announce the 2019 Financial Health Leaders Program participants. The selected organizations are members of the CFSI Financial Health Network that are at the forefront of financial health measurement and are contributing to a more resilient financial ecosystem.
To be considered, companies must meet annual requirements, which adjust year-to-year based on the latest advances in financial health innovation. Leaders are challenged to measure the financial health of their individual customers, small business customers, B2B clients’ customers, and/or their own employees.
In 2018, 34 organizations measured the financial health of over 10 million consumers. These Leaders measured financial health through a variety of approaches including using survey data, transactional data and a combination of the two. Leveraging this data, Leaders were able to adjust or develop products and programs for their customers, such as financial health scores, financial coaching, behaviorally-informed financial health content, digital credit tools, and more.
As of May 2019, the CFSI 2019 Financial Health Leaders are:
- Coastal CU
- Commonwealth Bank of Australia
- Elevate Credit, Inc.
- Envestnet | Yodlee
- ESL Federal Credit Union
- Fiserv Inc.
- GreenPath, Inc.
- Huntington National Bank
- Lead Bank
- Money Management International
- National Credit Union Foundation (NCUF)
- Neighborhood Trust Financial Partners
- Opportunity Fund
- Regions Bank
- Servus Credit Union
- Sunrise Banks
- Teachers Credit Union
- Umpqua Bank
- University Federal Credit Union
- Valid Systems
- Washington State Employees Credit Union
- Wright-Patt Credit Union
The 2019 Financial Health Leaders designation offers selected organizations additional benefits including peer-learning opportunities through CFSI’s Financial Health Leaders Working Group, a group of industry influencers from CFSI’s Financial Health Network. Leaders can also apply to be in the Leaders Lab, a small subgroup who commit to test and measure the impact of an intervention designed to improve financial health outcomes. Test-and-learns anticipated by this group includes savings nudges, budgeting tools, employee financial wellness programs, improved debt collection communications, and sharing financial health scores with consumers.
More about the Financial Health Leaders Program and the 2019 Leaders’ measurement approaches can be found at: https://cfsinnovation.org/our-network/members/2019-financial-health-leaders/. Contact Alejandra Ruales at email@example.com for additional information.
To learn more about why financial health measurement matters and the best practices around developing consumer financial health and measurement programs, visit the CFSI Financial Health Score® Toolkit.
MetLife Foundation is a founding sponsor of CFSI’s financial health work.