The University of Texas at Austin and University Federal Credit Union (UFCU) have announced a new, first-of-its-kind partnership aimed at providing increased value and affordability for University faculty and staff.
As announced by President Jay Hartzell in his recent State of the University address, UT and UFCU have come together in a new way to bring forward-thinking financial solutions to employees — an effort that began as a key initiative in UT’s 10-year strategic plan, Change Starts Here. The partnership will promote financial wellness and financial literacy and help employees not only make better-educated financial decisions, but also educate them on how to leverage a range of financial products customized to the needs of faculty and staff.
“As an organization dedicated to the welfare of our faculty and staff, we actively seek innovative partnerships to increase affordability and provide unique value to our faculty and staff,” said Vice President of People and Talent Roger Cude. “We are excited by this latest partnership with UFCU, which has been a trusted financial services partner for our faculty and staff for many years. Through custom financial products and tailored financial education opportunities, UFCU is well-positioned to provide value and support to our community.”
Examples of the products UFCU is expected to provide are specialty mortgage loans and pre-approved car loans, in addition to a suite of tailored financial education and financial literacy seminars. UFCU has already been providing financial education to UT employees for many years through the University’s HealthPoint Wellness program.
“Previous information sessions have been well-received, highly attended and beneficial,” said Nosse Ovienmhada, Work Life Balance and Wellness Manager in UT’s Human Resources office. “Under this latest collaboration, UFCU will now be able to tailor education opportunities to the needs of our employees, providing even greater value and support. In the coming weeks, we will be working with UFCU to find ways to provide accessible educational opportunities to all our faculty and staff.”
Since it was established in 1936, UFCU has been a longtime banking partner and supporter of UT Austin, having contributed to many University programs over several decades. To learn more about this new partnership and UFCU offerings, University employees can sign up for an upcoming info session.