GREENVILLE, S.C.–To fill what it said is a void in youth financial education, uncommn, owner of the Dollar Dog Kids Club, said it has partnered with Kiddie Kredit to offer the service at a discount to its credit union clients that use Dollar Dog.
Kiddie Kredit is a mobile app designed to educate children on the credit system based on their chores. “As a child completes tasks assigned by a parent or the credit union within the user-friendly app, their ‘kredit’ score increases,” the company said.
In making the announcements, the two companies pointed to a 2020 study found that 60% of kids whose parents bank at a credit union ultimately bank somewhere else when they become adults.
“Credit unions must continue to find new ways to be relevant to the next generation of credit union members and meet them where they are,” said uncommn President/CEO Bo McDonald. “That’s why I’m so excited to announce our new partnership with Kiddie Kredit. When we engage credit union members early using the technology they expect and providing gamified financial education, which Dollar Dog and Kiddie Kredit do masterfully, credit unions build trust with their members, earn their respect as a trusted partner, and we do it in new and innovative ways that grab and hold their attention.”