Financial wellness strategies crucial for credit union growth

first_img continue reading » 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Financial institution marketing has long focused on the milestones of life — first big job, marriage, homebuying, retirement. But that legacy focus may soon be eclipsed by the concept of financial wellness. Major life events clearly are still important, but are becoming just one part of a much larger priority.“Financial well-being is not exclusive to those ‘financial moments’ when consumers make purposeful decisions on their finances,” writes Jan Bellens, Global Banking and Capital Markets Deputy Sector Leader for EY. “It is driven largely by everyday behavior and decisions — some big and binary (such as deciding to get a college degree), some small and gradual (such as going to the gym).”Traditional financial institutions have not typically played a big role in these everyday financial decisions beyond handling transactions and providing loans — and in some cases providing transaction-related notifications. Money management tools mainly center around the monthly financial statement and call-center help. All important services, but pretty unexciting, Bellens observes.last_img read more

COVID-19: Jokowi cancels Idul Fitri open house event at State Palace

first_imgPresident Joko “Jokowi” Widodo will not host an open house public gathering at the State Palace on the first day of the Idul Fitri holidays on Monday to comply with physical distancing measures during the COVID-19 pandemic.Last year, the President hosted a similar event at Merdeka Palace, with thousands thronging to greet him.“An open house will involve a large mass gathering that can increase COVID-19 transmission, therefore, the President will not host the event,” presidential staffer Angkie Yudistia wrote in a statement on Friday. Read also: Some regional leaders to allow mass Idul Fitri prayers despite calls to worship at homeShe added that Jokowi understood that Idul Fitri was a moment to forgive each other and to strengthen ties with relatives and friends. However, people needed to maintain physical distance and communicate online instead, Angkie said.“All meetings held and attended by the President are conducted virtually using video. There should be no exception for Idul Fitri gatherings.”The government previously declared a ban on all mass religious activities, including Idul Fitri congregational prayers, to prevent a spike in COVID-19 cases. (aly)Topics :last_img read more

Sunderland winger Emanuele Giaccherini joins Serie A Bologna

first_img Press Association Giaccherini has now returned to full fitness but will feel his way back into the game with Delio Rossi’s Bologna, who have started the new Italian season with two defeats having won the Serie B play-off final in June. A statement published on bolognafc.it on Monday evening confirmed the 21-time Italy international had moved to the Stadio Renato dall’Ara. The Tuscan forged his reputation with Cesena, earning a move to Juventus in 2011 and winning the Scudetto in both his years in Turin. Impressive performances for Italy at Euro 2012 helped raise his profile and he scored the fastest goal in Azzurri history during a friendly meeting with Haiti in June 2013. The 30-year-old joined the Black Cats from Juventus in July 2013 and made 24 Barclays Premier League appearances, scoring four goals, during his first season with the club. An ankle injury and subsequent surgery restricted him to only eight league appearances during the 2014-15 campaign, however. center_img Sunderland have allowed Italy winger Emanuele Giaccherini to join newly-promoted Serie A side Bologna on a season-long loan.last_img read more