Enjoy the clip above and be sure to watch the entire episode below the show notes.
Patelco Credit Union VP, Consumer Lending & Cards Josh Garrison and Senior Program Manager, Financial Wellbeing Kipp Riesland joined us on the show to share the effectiveness of the Patelco's "ScoreUp Credit Builder Loan Program.” ScoreUp is a program that allows members to build or rebuild their credit score, while building up their personal savings with no fees and a fixed low rate.
Both Josh and Kipp describe exactly how the loan program works, how it came about, benefits to members, results (and they are tremendous -- 120% growth over 10 months), goals, and much, much more. They also provide a bit of advice for other credit unions looking to do something similar.
Check it out and let us know your thoughts. And watch the entire episode below for all the details.
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.