The Credit Union of New Jersey has announced a partnership with Greenlight Financial Technology, Inc. to better serve families and help the next generation build healthy financial futures.
Credit Union of New Jersey members will have free access to Greenlight’s award- winning family finance app, available through the Greenlight for Credit Unions program.
According to a Credit Union of N.J. press release, about 91% of kids and teens believe they need financial knowledge and skills to achieve their life goals, and 94% of parents agree.
Still, only 35 states require a personal finance course for students, and teens score an average of 64% on the National Financial Literacy Test, showing a clear gap in financial education that is accessible and effective.
Survey insights were collected by Greenlight through a Researchscape survey fielded between March 22 and March 24, 2024, among 2,310 respondents in the U.S., split between kids and teens ages 10-19 and parents of 10-19 year olds.
Parents also rank personal finance as the number one most difficult life skill to teach their children with 81% saying they wish they had more financial education tools and resources.
Parent survey insights were collected by Greenlight through a Researchscape survey fielded between February 9-12, 2023, among 1,034 U.S. respondents, all of whom were working parents of 8-18 year olds.
Greenlight offers a debit card and app that teaches kids and teens how to earn, save, give and spend wisely—all with parental supervision. Using the Greenlight app, parents can send money instantly, automate allowance payments, manage chores, set flexible spending controls, get real-time notifications of all transactions, and more.
Kids get hands-on money management experience, along with access to Greenlight Level Up, an in-app financial literacy game with a best-in-class curriculum, educational challenges, and rewards.
“At Credit Union of New Jersey, we are committed to empowering our members with the tools and knowledge they need to achieve financial success,” said Andrew Jaeger, president and CEO, Credit Union of New Jersey.
“Through our partnership with Greenlight, we’re excited to provide families with a powerful resource to help the next generation build strong money habits,” Jaeger said. “By offering free access to Greenlight’s financial education app, we’re making it easier than ever for parents to teach their kids and teens essential financial skills that will serve them for a lifetime.”
Credit Union of New Jersey members can receive a free Greenlight subscription by registering at Greenlight.com/CUNJ and adding their Credit Union of New Jersey account as a funding source.
Credit Union of New Jersey members are eligible for Greenlight SELECT plan at no cost when they connect their Credit Union of New Jersey account as the Greenlight funding source for the entirety of the promotion. Subject to minimum balance requirements and identity verification. Upgrades will result in additional fees.
Upon termination of promotion, members will be responsible for associated monthly fees. See terms for details. Offer ends April 4, 2027.
The Credit Union of New Jersey provides financial services to more than 37,000 members through four full-service offices located in Mercer County and an E-Branch at CUNJ.org.
Established in 1943, the $465 million credit union is headquartered in Ewing Township. Membership information and current rates may be obtained by calling 609-538-4061 or visiting CUNJ.org.
