United Teletech Financial Federal Credit Union partners with iGrad to deliver Enrich personalized financial wellness program to its 25,000 members

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San Diego, California, July 12, 2022 — (PR.com) — United Teletech Financial Federal Credit Union has partnered with San Diego-based financial education company iGrad to offer the award-winning financial wellness platform Enrich ™ to its 25,000 members.

United Teletech Financial’s Enrich personalized financial wellness program includes the Your Money PersonalityTM Financial Behavior Assessment, which analyzes each user’s financial “personality” and the Credit Score Report, which allows each user to learn more about credit scores and monitor one’s own credit report. The platform also offers:

● Financial education lessons with personalized action plans on topics such as budgeting, mortgages, healthcare, college savings, student loan repayment, banking, credit, financial planning , etc.
● Retirement and home ownership affordability analyzers
● A suite of student loan and higher education tools
● Real-time personal finance calculators and budget tool

Based in Tinton Falls, New Jersey, United Teletech Financial is a nonprofit financial cooperative serving members and their families in Monmouth and Ocean counties and parts of central Middlesex County since 1967.

“Our goal is to help members make the financial decisions that benefit them the most, whether they’re just starting out in life, need a car or a house, or have accumulated assets that need protection,” said Leo Ardine, CEO of United Teletech Financial Federal Credit Union. . “With the credit union industry focused on everyone’s financial well-being, the addition of this type of service couldn’t be more timely. As an important partner in delivering helpful advice, Enrich gives us tools to put the right content and services in front of members.

Enrich is used by more than 20,000 employers and over 300 financial institutions across the country, with artificial intelligence technology that engages each user with the most relevant content based on financial situation and stage of life.

A new survey from SoFi at Work and Workplace Intelligence has found that 51% of employees are more stressed about their finances today than they were at the height of the pandemic and spend about a quarter of their work week away. solve financial problems.

A 2021 Capital One CreditWise survey found that 73% of Americans rank their finances as the most important source of stress.

Recent data shows that as Enrich participants improved their financial understanding, their stress levels decreased. The Enrich platform prompts users to regularly update their stress score to assess the correlation between improved financial well-being and stress levels.

Other positive behavior changes include:
● 27% increase in the number of users with emergency savings funds covering three to six months of expenses
● 28% increase in the number of users who pay their credit card in full each month
● 32% increase in the number of users reaching their financial goals
● 15% increase in the number of users contributing to their retirement plan

“Improving financial well-being can have a major positive impact on overall quality of life,” said Tim Delaney, vice president of iGrad business development for Enrich. “United Teletech Financial Federal Credit Union demonstrates the importance of behavior-changing financial wellness education by offering Enrich to its 25,000 members.”

About iGrad
iGrad is a San Diego-based financial technology company that provides artificial intelligence-powered financial wellness solutions to more than 2.7 million students at 650 colleges and universities, more than 20,000 employers, and more than 300 financial institutions. iGrad’s Your Money Personality™ was recently recognized by the Institute for Financial Literacy with the 2020 Excellence in Financial Literacy Education (EIFLE) Adult Education Program of the Year award. iGrad is one of three 2020 winners of the inaugural Barron’s Celebrates: Financial Empowerment, having been selected by a team of judges for its contributions to improving the financial health and security of Americans. iGrad was recently awarded the 2022 Eddy Award for Financial Wellbeing by Pensions & Investments for its Enrich platform. For more information on the iGrad platform, visit https://www.igradfinancialwellness.com. For more information on the Enrich platform for employers and financial institutions, visit http://www.enrich.org.

About United Teletech Financial Federal Credit Union
United Teletech Financial Federal Credit Union (UTFFCU) is a non-profit financial cooperative serving members in Central New Jersey. Founded in 1967 to meet the needs of Bell Laboratories employees, the credit union now has more than 380 corporate sponsors. Under a community charter granted by the National Credit Union Administration in April 2005, UTF now offers membership to residents of Monmouth and Ocean counties and parts of central Middlesex county. For more information, visit https://www.utfinancial.org.


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