Boost Savings

BoostSavings helps members handle unplanned expenses, while still helping them build long term savings for future events. Members enrolled in BoostSavings will have access to a line of credit that is tied to their enrollment in the program. The availability of funds from the line of credit will vary based how well they stick to their commitments—the more they save, the more they have available—until they reach their goal and have saved enough to have a more firm financial footing.

The BoostSavings product has been simplified from the original Two Grand Plan concept, removing a number of steps and ratings, for easier implementation and execution.  The key difference between BoostSavings and a standard share secured loan is that BoostSavings program gives members a head start in building their emergency funds—helping them build long term savings, while immediately offering access to credit to address emergencies

Boost Savings from Filene Research on Vimeo.

 

Brett Wooden
Brett Wooden
COO
Providence FCU
Evelyn Royer
Evelyn Royer
Vice President, Risk Management & Support Systems
Purdue Federal Credit Union
Matt Vance
Matt Vance
VP, Marketing and Product Development
Salal Credit Union
Jennifer Wolfe
Jennifer Wolfe
VP, Business Tranformation
Partners Federal Credit Union
Jennifer Sider
Jennifer Sider
Associate Director, Marketing and Development
Duke University Federal Credit Union
Ericka Gorman
Ericka Gorman
SVP/ Chief Lending Officer