Helping members manage their money with personal financial management tools is a win-win move for credit unions and members. Add a mobile alert feature that keeps members on top of their spending 24/7, and they may be even more likely to improve their habits.
That's the premise of Vancouver, British Columbia-based software company Pennyminder's Cashbook, a personal financial management tool that interfaces with credit unions' core banking systems and sends alerts to members' mobile devices, keeping them informed of where their budgets stand at all times.
So far, one credit union, Mount Lehman Credit Union in Mount Lehman, British Columbia, has implemented Cashbook. Pennyminder is in talks with several other British Columbia-based credit unions to get the tool off the ground, according to Pennyminder Founder Vince Hodges.
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
