The Problem

Financial illiteracy is a major problem in Indiana. According to a 2022 National Financial Educators Council study, only 57% of Hoosiers have a basic understanding of personal finance. This lack of financial literacy can lead to a number of problems, including debt, bankruptcy, and financial insecurity.

did-you-know-100

Did you know:

  • Only 38% of Hoosiers can correctly calculate the interest rate on a credit card.¹
  • Only 45% of Hoosiers can correctly calculate the monthly payment on a car loan.²
  • Only 29% of Hoosiers can correctly calculate the amount of money they need to save for retirement.³

These statistics show that financial illiteracy is a serious problem in Indiana. NorthPark Community Credit Union is committed to helping Hoosiers improve their financial literacy so that they can make informed financial decisions and achieve their financial goals.

 

The Solution

NorthPark Community Credit Union is committed to helping Hoosiers improve their financial literacy. We offer a variety of financial education resources, including workshops, online courses, and one-on-one coaching. We also offer a number of financial products and services that can help Hoosiers manage their money more effectively.

Financial Workshops

NorthPark offers Financial Education Workshops where one of our Certified Financial Counselors will come to your place of business and teach monthly financial literacy classes to your employees in English or Spanish. This will:

  • Increase your employees understanding and confidence in financial decision-making.
  • Equip your employees with financial knowledge and resources to apply in real-life situations.
  • Educate your employees to set financial goals, budgets, and develop plans to improve their financial well-being.
  • Customizable programs dependent on the needs of the organization.
Learn More
GreenPath

GreenPath is a trusted national nonprofit since 1961. Through our partnership, everyone who contacts GreenPath receives a free financial counseling session in 300 languages. Let’s make your financial goals happen, together.

  • Pay down Debt Faster – A debt management plans could help you to lower your interest rates and pay off debt faster.
  • Improve Credit Score – Get a free credit review from GreenPath’s financial wellness experts.
  • Student Loan Options – Explore repayment options with a GreenPath student loan counselor.
  • Make Housing Decisions – GreenPath can help you make informed decisions about your
Learn More
EverFi

Our goal with EverFi is to empower, educate, and equip our communities with the resources needed to achieve financial wellness. We are dedicated to building relationships with our members by creating financial opportunities with them. Available in English & Spanish.

  • Financial Foundations for Members – Understand the basics of some key financial concepts.
  • Owning a Home – Explore the benefits and costs of buying and owning a home.
  • Building Financial Capability – Learn how to manage your money and avoid financial dangers.
  • Building Financial Resilience – Explore tips for overcoming financial crisis.
Learn More

If you are struggling with your finances, we encourage you to reach out to NorthPark Community Credit Union for help. We can help you develop a financial plan that meets your individual needs and goals.

 

Learn More

 

 

1,2,3 - 2022 National Financial Educators Council (NFEC) Financial Literacy Survey