Paves Way To Promote Financial Health To Credit Union Members With Unique Mobile Financial Services
Santa Monica, CA – March 10, 2017 – Meed, the Santa Monica-based financial health company committed to bringing socially-conscious innovation to the financial sector, today announced a partnership with the American Consumer Council, a non-profit consumer education organization focused on consumer advocacy, monetary education and corporate social responsibility.
“The fit between our two operations is close to perfect,” said Les Riedl, President of Meed. “The fiscal educational programs within ACC are an ideal complement to Meed’s mission of advancing financial inclusion and financial mobility. There’s a clear lack of financial literacy among Millennials today, and ACC is providing its members with the necessary knowledge with which to combat this. At Meed, we can build upon this action by bringing these segments to financial institutions as profitable relationships.”
“We are delighted that Meed has chosen to partner with ACC. Together, I believe we’ll have a significant impact on the financial health and well-being of those consumers who are living paycheck to paycheck,” said Thomas Hinton, president and CEO of San Diego-based American Consumer Council. “Our partnership will help turn the lessons of ACC’s beneficial programs into practical solutions for those who need help the most.”
Meed will incorporate ACC membership into a suite of benefits for Meed users who can enroll via ACC’s partnering credit unions. Meed also will make available its innovative mobile app, offering access through its Member Financial Institutions to a demand deposit account, a security savings account, a secured line of credit, domestic and international transfers between Meed users, as well as access to the global income-building SocialBoostTM program, which gives users the opportunity to earn a new income stream while also helping those users who need it most.
Since its launch at the end of November 2016, Meed has enjoyed exponential month over month growth and, based on this, is projecting to hit over 300,000 users in Vietnam alone by year end 2017. It is on course for launching in the U.S. and Mexico in 2017, with plans to establish a global network of banks and credit unions in 30 countries by 2021.
Headquartered in Santa Monica, CA, Meed™ provides a new global platform for a community of networked Member Banks and Credit Unions, Corporate Members and individual users. The network provides access for users to the Member FIs for their financial services needs, and also provides a solution for financial exclusion and immobility. For more information, visit meed.net.
About The American Consumer Council
ACC is a non-profit consumer education organization founded in 1987 and dedicated to financial education, consumer advocacy and corporate social responsibility. ACC supports America’s economic growth by encouraging the sale and use of safe, reliable products and services to consumers. ACC achieves its mission by serving the economic interest and consumers needs of its 186,000 members and 48 state/regional consumer council affiliates. For more information, visit www.americanconsumercouncil.org.
Julian Sandy – Chief Marketing Officer
American Consumer Council
Thomas Hinton – President & CEO