HFS Federal Credit Union and Zogo offer financial education at your fingertips

on "February 10, 2021 11:58 am"

HFS Federal Credit Union is offering the Zogo app to the Big Island community. The app, developed by Duke University students, guides users through 300+ bite-sized financial education modules in 20 different topics, from opening a bank account to saving for retirement and everything in between. As users successfully answer questions, they accumulate points that they can redeem for gift cards.

It pays to learn about finance – literally. All Zogo content meets the national standards for financial literacy.

“We love that Zogo combines a digital approach with insights from Duke University behavioral scientists to actually engage users, including teens and adults,” said Ashley Yamamoto, HFS FCU marketing coordinator. “Growing up, we didn’t have good experiences learning about personal finance,” added Bolun Li, CEO and co-founder of Zogo. “With Zogo, we wanted to create a financial education experience our peers would actually use. We are excited to work with HFS Federal Credit Union to bring this vision to life.”

hfsfculogoEighty-four percent of teens say they look to their parents for information about money, according to a study by Junior Achievement. However, parents often feel unprepared to play this role. In a survey by EVERFI, only forty-three percent of parents felt they were “well prepared” for money conversations. As an alternative, T. Rowe Price reports that three out of four parents think financial apps are a good way to teach about financial matters.

Big Island residents can download Zogo from now through March 1, 2021 using the access code HFSFCU and create an account to be entered for your chance to win 20,000 pineapple points. Points can be used in the app to redeem $20 in gift cards! Visit www.hfsfcu.org for details and sweepstakes official rules. Zogo is available at no cost in the Apple App Store and Google Play Store.

Keiki and adults alike can take advantage of this convenient resource to expand their knowledge and get rewarded! For more details on Zogo, the financial literacy app, visit www.hfsfcu.org or call 808.930.1400.

HFS Federal Credit Union (HFS FCU) is the largest not-for-profit and member-owned financial institution on Hawai’i Island. Established by just nine individuals in 1937, HFS started with very humble beginnings. The Credit Union continued to grow from serving just employees of the Federal and Territorial Governments in the County of Hawai‘i and their families, to now offering membership to any person who lives, works or attends school on Hawai’i Island.

Zogo is a financial technology company based in Durham, N.C. that works to inspire the underbanked to become financially savvy. Zogo helps financial institutions connect with Gen Z and young Millennials by teaching financial fundamentals through its app that pays users to learn. Zogo’s app has won numerous industry accolades, including “Best of Show” at Finovate Fall 2019 and NACUSO 2019 Next Big Idea Competition. Key investors and advisors include Techstars, former CEO of Sageworks, and faculty from Duke University. To learn more, visit www.zogofinance.com or @ZogoFinance on Twitter.