CREDIT HUMAN’S SENSIBLE SPEND ACCOUNT RECEIVES NATIONAL CERTIFICATION BY BANKING ADVOCATES AS SAFE, AFFORDABLE ACCOUNT

The Cities for Financial Empowerment Fund’s Bank On National Account Standards Certification of the Sensible Spend Account shows that it meets over 25 features for safe and affordable consumer transaction accounts.

September 5, 2023 San Antonio, Texas – Today Credit Human announced that its Sensible Spend Account was officially certified by the national Cities for Financial Empowerment Fund (CFE Fund) as meeting the Bank On National Account Standards (2023 - 2024). ?The national safe account Standards, co-created by consumer advocates, leading national nonprofit organizations, civic leaders, and other financial institutions, designate both core and strongly recommended features that ensure low cost, high functionality and consumer safety.

The Sensible Spend Account features a low monthly fee that can be waived by setting up a $3 monthly auto-transfer to your savings, encouraging a savings habit that can build financial slack over time.? Other key features include no overdraft or nonsufficient fund fees, the ability to pay bills and make purchases just as you would with a traditional checking account, and peace of mind knowing your deposits are insured by the National Credit Union Administration.

“Credit Human is committed to helping our members become financially healthier. For many that means access to an account like the Sensible Spend Account, an alternative to a traditional checking account that offers everything they need without the possibility of overdraft fees that can impact their financial health,” said Jane Schoonover, Deposits Products Manager at Credit Human.

“The Cities for Financial Empowerment Fund is delighted to award its national Bank On account certification to Credit Human’s Sensible Spend Account,” said Jonathan Mintz, President and Chief Executive Officer of the Cities for Financial Empowerment Fund. “The Sensible Spend Account offers people in all the markets Credit Human serves, including Texas and Louisiana residents who are looking to improve their finances a safe, affordable and truly useful mainstream banking product to access and manage their money. Credit Human‘s offering of this terrific account brings them into the forefront of national banking access efforts, and we thank them.”

The goal of Bank On is to ensure that?everyone has?access to safe and affordable financial products and services.?The?Bank On National Account Standards?identify critical?product features for?appropriate?bank?or credit union?accounts, making it easier for?local coalitions across the country to connect?consumers to accounts that?meet their needs.

The Sensible Spend Account is available at CreditHuman.com and in every one of Credit Human‘s growing network of Financial Health Centers in San Antonio, Houston and New Orleans.

The CFE Fund leads the?national Bank On?movement, supporting almost 100 local coalitions?working to connect individuals and families to the financial mainstream?through?partnerships between governments, financial institutions?and community?organizations.?To learn more about Bank On and the National Account Standards?click here , or follow the conversation on Twitter @CFEfund?#BankOn.

About Credit Human

Chartered in 1935, Credit Human is a $2.9 billion federal credit union serving over 200,000 members across the United States.? Headquartered in San Antonio, we are a not-for-profit, member-owned financial cooperative. Being member-owned means everything we do is in the best interest of our members, not shareholders. We’re committed to helping members create and maintain financial slack so they can stress less and live more.

We serve members in over twenty locations in San Antonio, Houston and New Orleans, most of which have already been transitioned from traditional branches to Financial Health Centers. Visiting a Financial Health Center is a different experience than a typical branch visit. We’re finding ways to streamline day-to-day transactions so our team will be able to spend more time with our members learning about their financial realities and discussing new ways to keep them on a sound financial footing. To learn more about Credit Human visit CreditHuman.com .

About the Cities for Financial Empowerment Fund (CFE Fund)

The CFE Fund supports municipal efforts to improve the financial stability of households by leveraging opportunities unique to local government. By translating cutting edge experience with large scale programs, research, and policy in cities of all sizes, the CFE Fund assists mayors and other local leaders to identify, develop, fund, implement, and research pilots and programs that help families build assets and make the most of their financial resources. The CFE Fund is currently working in over 100 cities and counties and has disbursed over $59 million to local governments and their partners to support these efforts. For more information, please visit?www.cfefund.org ?or follow us on Twitter at @CFEFund.

About Bank On

Bank On coalitions are locally-led partnerships between local public officials; city, state, and federal government agencies; financial institutions; and community organizations that work together to help improve the financial stability of unbanked and underbanked individuals and families in their communities. The Bank On national initiative builds on a grassroots movement of almost 100 coalitions in cities across the country, offering National Account Standards, capacity grant support, pilot funding, and a learning community. In addition to connecting unbanked individuals to accounts, Bank On programs raise public awareness, target outreach to the unbanked, and expand access to financial education. Visit www.cfefund.org/bankon for more information, or follow the conversation on Twitter @CFEFund #BankOn.?

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