Women and Financial Stability

Written by Marissa Martin

57% of adults in the U.S. are financially literate, according to S&P’s Global FinLit Survey in 2016. Efforts in multiple states in the U.S. are aiming to improve that, with financial literacy courses becoming a required part of the high school curriculum. But despite these efforts, financial literacy and financial stability, particularly for minority groups, continues to be just out of reach.

How are targeted initiatives helping to improve women’s financial stability and change the way women spend, save, borrow, and plan?

On the latest episode of the Secure podcast, Chief Health & Wellness Officer, FinFit and host Charles Lattimer welcomes the VP of Financial Education at Virginia Credit Union, Cherry Dale, to talk about financial stability for women in the workforce.

The two discuss:

  1. What methods Dale took from her teaching background to her career in financial education
  2. How education in the community has helped boost financial wellness and financial literacy especially throughout the pandemic
  3. How programs targeting women helped meet their specific needs and increase literacy on financial stability

“When we think about financial wellness, everyone’s on their own path and it’s so individual. The pandemic really created, I think, a particular environment for people to step back and reassess where they were with their finances. The uncertainty, especially with their finances, can cause people to be open to help and guidance on their financial journey,” explained Dale. 

Prior to her role as the VP of Financial Education at Virginia Credit Union, Dale spent eight years as a Lead Teacher with Henrico County Public Schools. As a passionate teacher, Dale has continued encouraging others to never stop learning, especially when it comes to financial literacy. She earned her BA in Education from the University of Nebraska at Omaha and her Master’s in Curriculum and Instruction from the University of Virginia.

Resources mentioned in this episode:
Employer FinHealth Toolkit
Virginia Credit Union, Financial Success for Women Series

© Copyright . All rights reserved.

Loans are made by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC. Loans subject to credit approval. Loan products, features, and service providers vary by state. Service providers are FinFit Ops, LLC (see licenses) or its affiliate, Salary Finance, Inc. (see licenses). See application terms and loan agreements for more details.

Funding time dependent upon funding method selected. Expedited funding may incur additional fees.

FinFit is a financial technology company and is not a bank. Banking services provided by Choice Financial Group; Member FDIC.

Student loan services are provided by unaffiliated third parties. FinFit loans issued by Celtic Bank do not include student loans.

Wage Now is fully funded and managed by an affiliate of FinFit. If any fees apply, those fees will be disclosed prior to entering into any agreements.
Residents of California, New York, North Dakota, South Dakota, Tennessee and Vermont are not eligible for WageNow. This does not constitute an offer or solicitation for WageNow to residents of those states.

FinFit’s Financial Wellness Program, which includes educational content, a financial assessment and a financial dashboard, are free to registered members.
Services offered may incur fees and/or interest. All fees will be disclosed prior to entering into any agreements.
Products listed are a representation of FinFit offerings. Actual availability may vary. The products available to you and your organization will appear on your FinFit membership dashboard. Actual loan amounts and rates offered vary based on lender, credit worthiness and other factors.

Privacy Notice (Sp) | FinFit Privacy Policy (Sp) | Licenses | *US Patriot Act | Website Terms & Conditions | Member Rewards Terms & Conditions
SC Consumer Rights & Responsibilities | NM Small Loan Consumer Brochure | NM Loan Rate & Fee Disclosure | Additional Information for NM Residents