Prospera Credit Union's GoodMoney - NCUF 2007 Wegner Video

GoodMoney is Prospera Credit Union's innovative collaboration with Goodwill Industries of North Central Wisconsin and Financial Information Service Center which placed credit union services in a Goodwill retail store. This is the video shown at the 2007 Herb Wegner Memorial Awards, where Prospera Credit Union was honored with the Outstanding Program award by the National Credit Union Foundation. More info on the Foundation: www.ncuf.coop More info on GoodMoney GoodMoney is the first partnership to place credit union services in a Goodwill store. A collaboration between Prospera Credit Union of Appleton, Wisconsin, and Goodwill Industries of North Central Wisconsin, GoodMoney offers: •Short-term loans at less than half the rates of for-profit payday lenders; •Check-cashing with substantially lower fees than for-profit check-cashers; •Money orders and bill payments; •International wire transfers serving a sizable Latino population; •Referrals to Goodwill's Financial Information and Service Center (FISC) in Menasha, Wisconsin. Prospera Credit Union now offers GoodMoney in all five of its branches. The National Credit Union Foundation supported GoodMoney with a $75000 grant. In its first 15 months, GoodMoney made 2700 loans totaling more than $1 million and saved consumers more than $150000 in fees. Borrowers who return for a third loan are offered individual credit counseling at FISC. If they participate and still need a payday-type loan, the credit union grants the next ...



http://www.youtube.com/watch?v=WGmAFykJgx8&hl=en

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