Listen to this articleJovia Financial Credit Union has launched a new program that provides banking services to people who have faced financial setbacks or for those new to the financial world who have yet to establish credit.
Jovia’s new Thrive Financial Empowerment Program offers a financial education platform combined with a suite of services and products to assist members in achieving financial goals, according to a statement from the Westbury-based credit union.
The Thrive program is designed for those just getting started financially, such as recent college graduates or newlyweds and it also aims to assist individuals needing a second chance to restart and rebuild following life and financial challenges such as divorce, family health setbacks, credit issues, poor investment choices or loss of employment, according to the statement.
The products in the program, such as special purpose savings accounts, checking accounts, Credit Boost Secured Visa Advantage Card and a student banking platform are combined with educational support, including financial wellness videos and materials in English and Spanish. Members have access to a catalog of articles and videos offering advice on financial literacy, budgeting, online savings, homebuying, credit card management and more.
“At Jovia Financial Credit Union, we have a long history rooted in empowering members through financial literacy and supporting their path to lifelong financial success,” Yasser Tatari, Jovia’s assistant vice president and strategist, said in the statement. “We recognize that from time to time, our neighbors need a helping hand or a friendly credit union where they can go to get the answers and financial information they need to Thrive.”
For qualified members, Thrive also provides access to emergency cash, overdraft protection and other products and services that other financial institutions don’t offer to account holders facing credit challenges.
More information on the Thrive program can be found at jovia.org/thrive.