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The Trust Card Debt Reduction Program Enters Accessible Financial Services Incubator
Friday, January 31, 2014 6:45 AM

Filene Research Institute selected The Trust Card, a debt management program pioneered by Neighborhood Trust FCU (NTFCU) and Neighborhood Trust Financial Partners, as the fifth and final product for its accessible financial services incubator. The Trust Card Program combines NTFCU’s signature Financial Counseling Services with a credit card that enables better debt management through behavioral economic design principles.

“We searched nationwide to find innovative financial products that benefit low-and-moderate-income US consumers,” said Cynthia Campbell, director of innovation labs at Filene. “The Trust Card joins four other products to be tested in areas like non-prime auto loans, small dollar loans and employer-based loans.”

Filene is looking for credit unions to test The Trust Card, Pay Yourself Back and Employer Sponsored Income Advance Loan. Credit unions should contact Campbell at cynthiac@filene.org or (608) 661-3755 for more information.