What does financial wellness mean to you? At RCU, it means more than just what you do with your money, but more importantly, how you feel about your financial life.
As the economy is impacted by world events, the lingering pandemic, and inflation, many people—of all income levels—are finding it harder to make ends meet. According to a recent U.S. Financial Health Pulse Report, more than two-thirds of Americans aren’t financially healthy. That’s 167 million people and 40 percent of them earn six figure salaries. Clearly, income does not equate to financial health. We believe everyone, from all demographics, deserves to achieve financial well-being, and we’re here to help.
Financial wellness empowers you to make the best financial decisions for yourself and those who depend on you. It gives you control over your everyday spending and monthly bills without constant worry. It means having the capacity to manage the things you need and want to do as well as cover unexpected expense. It also keeps you on track to achieve your financial goals for tomorrow and the future. Sound too good to be true? It doesn’t have to be.
Credit unions are uniquely positioned to help with your financial well-being. As cooperatives, our focus isn’t to generate profit, but to leverage our core business in ways that help our Members live their best financial lives. When our Members do well, we do well. Our knowledgeable team members love to help you find ways to make the most of your money—all you have to do is ask.
We also offer numerous financial education resources on our website to help you with the financial matters most important to you, as well as RCU-paid credit counseling at no cost to our Members through our partners at BALANCE. Additionally, we regularly share helpful money tips in our newsletter, blog, and our social media channels. I encourage you to take advantage of all we have to offer on your financial wellness journey, and rest assured, we’re always here for you.