NET Credit Union Saved Their Members $649,428 in 2019
Scranton, PA Friday, January 3, 2020- NET Credit Union’s 2019 Credit Score Program was a huge success. The program crushed the $250,000 savings goal dramatically by saving our members $649,428 total in 2019. The Credit Score Analysis Program truly helps change our members’ lives.
NET Credit Union’s Credit Score Program launched in 2015 after seeing a financial education need in our area. Since personal finances isn’t a required subject in our local schools, many of our members didn’t have the proper education on how to become and stay financially healthy. In 2019, NET continued to educate our SEG Groups or also known as Preferred Partner Groups and community by hosting Personal Finance Seminars at both the businesses and our Scranton Branch. When hosting a seminar at one of our Preferred Partner Groups, NET provides food for all attendees. Who doesn’t like free pizza?! Our award-winning Credit Score Seminar educates the audience with tips on how to raise their credit score, lower monthly payments and eliminate high-interest debt. NET Credit Union also provides Mortgage and Student Loan Seminars.
When a member enrolls in the program at a seminar, online or in a branch, the loan officer does a soft pull on their credit score and creates a plan on how they can raise their credit score, lower their monthly payments & eliminate high-interest credit card debt. Whether the member is interested in refinancing an auto loan, looking to purchase a home or just simply trying to improve their credit score, the loan officer dives deep to see how we can help.
Not only did we help raise our members’ credit scores, but we also increased membership and asset size, won three awards: PCUA Out & About Award, CUNA Diamond Brand Awareness Award, Reader’s Choice Best Staff Award, and donated $70,000 to our local community in various ways. Thank you to our members, staff and volunteers for another successful year.
Looking to have NET provide a Personal Finance Seminar for your employees? Contact us here: firstname.lastname@example.org.
A Credit Union is a place to do your banking – we do loans, have checking and savings accounts, credit cards, mortgages, and other banking items. We are a not-for-profit cooperative financial institution, and operate like a bank except we don’t issue stock on Wall St. Since we don’t have to pay stockholders, we can use our income to provide lower loan rates, higher deposit rates, and do other things like reinvest in our community, give to charities, and keep our fees low for services. At NET Credit Union, we don’t have customers, we have members. Members have voting rights as to how the credit union operates. Our board of directors are volunteers – they don’t’ get paid to sit on the board. When you bank with NET, your money stays right here, local. There’s so much more you get when you bank on NET.