SPC CU Launches Greenlight, The Money App & Debit Card For Kids

SPC Credit Union has partnered with Greenlight ® Financial Technology, Inc. (“Greenlight”) to better serve families and help the next generation build healthy financial futures.

Starting today, SPC Credit Union Members will have free† access to Greenlight’s award-winning family finance app, available through the Greenlight for Credit Unions program.

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. Parents also rank personal finance as the #1 most difficult life skill to teach their children with 81% saying they wish they had more financial education toolsand resources.**

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 quickly, 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, alongwith access to Greenlight Level Up™, an in-app financial literacy game with a best-in-class curriculum, educational challenges, and rewards.

To read the full press release, click here.