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Happy Money Announces Three Strategic Credit Union Alliances

July 31, 2018

COSTA MESA, Calif.--(BUSINESS WIRE)--Jul 31, 2018--Happy Money, the Fintech company helping people live happier lives, today announced three strategic alliances with industry leading credit unions, further proving credit union and Fintech partnership model success. To date, Happy Money has deployed over $250M of credit union capital to help people pay off their credit cards.

“We are thrilled to formally announce our alliances with Alliant, First Tech and Technology Credit Union. With our shared philosophies, we’ve been able to fuse our consumer-facing products with our credit union partners to create a win-win-win partnership for consumers, credit unions, and Happy Money,” said Scott Saunders, CEO and Founder of Happy Money. “Along with our credit union partners, we deliver the most trusted financial services, defining the future of the industry and helping people live happier lives. Our partner credit unions are some of the most progressive thought leaders in the industry and we appreciate their commitment to the Happy Money Movement!”

“ Happy Money’s approach and vision immediately stood out to us. Their integration of science, psychology, and technology is a different approach to Fintechs in the marketplace, and it was clear that Happy Money’s approach and platform outperforms competitors. We also saw considerable alignment in our commitment to improving consumer’s financial well-being”, said Dave Mooney, CEO and President of Alliant Credit Union.

“First Tech is pleased to partner with Happy Money in their efforts to assist credit burdened consumers seeking relief from the stress and anxiety arising from a heavy debt burden,” said Greg Mitchell, President and CEO of First Tech Federal Credit Union. “Our partnership with Happy Money is producing quality loans for our portfolio, new members with interests that align with our core values and insights into novel underwriting and UI/UX tools that can assist in delivering amazing experiences to our existing members.”

“I’ve found that the bulk of what’s out there for consumers when it comes to helping them with financial decisions addresses mainly the “end goal” — paying bills, improving credit, saving. While these are incredibly important issues, there hasn’t been much focus on the “people” aspect of money,” said Todd Harris, CEO of Tech CU. “Happy Money’s approach takes a look at the science and psychology of money and integrates it in such a way that it benefits consumers. We’re excited to participate in a more holistic approach to reaching monetary goals”, said Todd Harris, CEO and President of Technology Credit Union.

Happy Money is actively partnering with credit unions across America and will be speaking on “FinTechs – How to Evaluate Them, Compete with Them and Work with Them” at the CUNA Lending Council Conference in Anaheim, CA on October 28 – 31, 2018.

About Happy Money

Happy Money is the only financial company that combines psychology and money to help people live happier lives. Happy Money believes in long-term relationships with people, meeting them at every stage of their financial life, and maximizing their happiness along the way. Happy Money is composed of financial services professionals, research and clinical psychologists, data scientists, neuroscientists, designers, and technology experts, all working together to provide three primary experiences: Joy, Payoff and the Happy Money Score. www.happymoney.com

About Alliant Credit Union

Alliant Credit Union is a not-for-profit financial cooperative with nearly 400,000 members and over $10 billion in assets. Headquartered in Chicago and founded in 1935, Alliant is one of the largest credit unions in the United States. As a digital credit union, Alliant’s mission is provide members consistently superior financial value while simplifying and enabling how people save, borrow and pay. Find out more at www.alliantcreditunion.org.

About First Technology Federal Credit Union

First Technology Federal Credit Union is a $12+ billion institution headquartered in Mountain View, California. It is the nation’s premier credit union serving the world’s leading technology-oriented companies and their employees, including HP Inc., Hewlett Packard Enterprise, Microsoft, Agilent, Intel, Cisco, Amazon, Nike, Intuit, Google, and more. First Tech is recognized as the industry catalyst for delivering effortless banking experiences to more than 520,000 members through its 42 branch locations, more than 5,400 CO-OP Shared Branch locations, 30,000 CO-OP Network ATMs, and online platforms. First Tech offers a full range of financial services, including traditional banking, online banking, mortgages, financial planning, various consumer loans, and insurance services. Federally insured by NCUA. Equal Housing Lender. For more information, visit www.firsttechfed.com.

About Technology Credit Union

Tech CU (Technology Credit Union) is a $2.5 billion credit union, making it one of the 20 largest credit unions in California. It serves more than 100,000 members throughout the San Francisco Bay Area —including employees of such companies as Tesla, eBay, Applied Materials, Nvidia and Facebook. As a federally insured not-for-profit organization, instead of maximizing profits to pay company stockholders, we invest our resources to deliver lower rates, outstanding service and member benefits. Founded in 1960 by the innovative employees of Fairchild Semiconductor, today we continue to be an industry leader, providing convenient and easy-to-use financial products for all stages of our members’ lives, including personal banking, wealth management, private banking, commercial lending and business banking. In 2018, Tech CU was named the best performing credit union in CA, and third top-performing credit union in the U.S. among 538 credit unions by S&P Global Market Intelligence. To learn more, please visit: www.techcu.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180731005208/en/

CONTACT: Press:

ALISON BROD MARKETING + COMMUNICATIONS

Emily Kjesbo, 212-230-1800

EmilyK@alisonbrodmc.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING CONSULTING FINANCE

SOURCE: Happy Money

Copyright Business Wire 2018.

PUB: 07/31/2018 09:02 AM/DISC: 07/31/2018 09:02 AM

http://www.businesswire.com/news/home/20180731005208/en

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