GoodMoney® Overview
GoodMoney is an innovative collaboration between Prospera Credit Union and Goodwill Industries of North Central Wisconsin that delivers a not-for-profit alternative to payday lending, while also offering additional financial services such as check cashing and wire transfers at affordable rates to those facing monetary challenges. GoodMoney also provides access to the Menasha-based Financial Information & Service Center (FISC) where financial workshops, money/budget counseling, and debt management plans are offered to help people better understand and manage money. The combination of reduced-fee services and financial education opportunities makes GoodMoney a unique concept and an innovative model for similar endeavors throughout the credit union industry.

GoodMoney's first location began with Goodwill in Darboy June 2005, and was rolled out to all five Prospera Credit Union locations in May 2006. GoodMoney's newest location is within the Green Bay West Goodwill location which opened June 19, 2008.

Additionally, in response to the many inquiries pertaining to the GoodMoney program, Prospera has created a turnkey solution to assist other credit unions across the nation in implementing their own GoodMoney not-for-profit payday lending program. To date, four credit unions have signed on to the GoodMoney program – Superior Choice Credit Union in Superior, WI, Delta County Credit Union in Escanaba, MI, Frankenmuth Credit Union of Frankenmuth, MI and Tri-Rivers Federal Credit Union of Montgomery, AL. Many others are conducting their due diligence before signing on to the program.

Click for more information on the turnkey solution.
GoodMoney® Partners
Prospera Credit Union
Prospera Credit Union is a community credit union with five full-service branch locations and approximately 15,000 members throughout the Fox Cities. The mission of Prospera is to help people prosper financially to enhance their quality of life. Headquartered in Appleton and founded in 1934, Prospera Credit Union is open to all people living or working in Brown, Calumet, Outagamie or Winnebago counties. In addition, anyone who has ever worked for R.R. Donnelley, as well as anyone who has ever worked for or attended Fox Valley Technical College or the University of Wisconsin–Fox Valley, is eligible for membership.

Goodwill North Central Wisconsin
Goodwill NCW, based in Menasha, WI, and covering 18 stores, assists people with disabilities and other barriers to independence in becoming more fully contributing members of society.

Financial Information & Service Center (FISC)
An accredited financial and credit counseling agency, FISC focuses on financial literacy, helping to put people in control of their money and their futures. FISC offers financial workshops and money/budget counseling to help individuals and families manage their money. FISC also develops debt management plans for those who are already in financial trouble.
Leadership
Sheila Schinke, CEO
Prospera Credit Union
4830 N. Ballard Road
Appleton, WI 54913

Phone: (920) 882-4801
Fax: (920) 738-4978

Bob Pedersen, CEO/President
Goodwill NCW



© Copyright 2007 GoodMoney.
A collaboration of Prospera Credit Union and Goodwill NCW.