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BALANCE Offers Special Sequestration Tools For CUs

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SAN FRANCISCO, Calif. (4/1/13)--BALANCE Financial Fitness Program is responding to federal government spending cuts by providing its partner credit unions with financial education resources to assist members affected by the sequestration.

The resources include specialized counseling, an online toolkit and workshops to support efforts to minimize the negative effects on members' finances as they face furloughs.

Cynthia Campbell, vice president of $2.941 billion asset Tinker FCU in Oklahoma City, Okla., noted the credit union's experience with BALANCE.

"BALANCE has been taking excellent care of TFCU members for six years so it was no surprise that [its staff] were willing to come alongside of us to help our members facing sequestration at Tinker Air Force Base," Campbell said.

She contacted BALANCE "to see if we could set up a special counseling type that would help our members streamline their budgets and explore solutions for making it through this time of reduced income. Within a day of listening to my needs, BALANCE had the special counseling set up, and we had it advertised on our website as a resource for members within the week."

The San Francisco-based BALANCE serves more than 600 financial institutions in the U.S. with financial counseling and education tools.