Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
Filenes Debt in Focus tool attracts nearly 120000
MADISON, Wis. (1/28/10)--Filene Research Institute’s Debt in Focus software tool has helped nearly 120,000 consumers in North America measure their debt and improve their financial fitness, Filene said. The tool was released seven months ago. Debt in Focus provides consumers with anonymous financial assessments and budgeting tools. Users can access the tool through their credit union’s website. Early results show Debt in Focus’ approach has allowed credit unions to reach consumers who are intimidated by traditional face-to-face financial assessments, Filene said. A typical user spends 15 minutes with the tool. Average credit scores of users were 637, and average debt loads totaled $128,000. The tool relies on self-reported data. Half of the tool’s users are under the age of 36. About 75% of visitors to the site said their primary banking relationship is with a credit union.


RSS





print
News Now LiveWire
During Nat'l Consumer Protection Week, @TheNCUA reminds #CU members of agency resources re: rights as consumers. http://t.co/aYgW1HoDmF
18 minutes ago
.@TransUnion: #millennials climbing into driver's seat with loans http://t.co/S4H9OIB3Av
1 hour ago
Breaking at #NewsNow: @CUNA backed bill introduced by @RepEdRoyce @GregoryMeeks would raise MBL cap. #CUSmallBiz http://t.co/ZDAb2UMoQz
2 hours ago
Loan growth at federally insured #creditunions in 2014 climbed to highest level since 2005, @TheNCUA reported today. Watch News Now Tues.
3 hours ago
.@Bankrate's top #creditunion survey hits @TIME http://t.co/xcMer497TN
3 hours ago