SANTA MONICA, Calif.--(BUSINESS WIRE)--Meed, the Santa Monica-based financial health company committed to bringing socially-conscious innovation to the financial sector, today announced a partnership with the American Consumer Council, a non-profit consumer education organization focused on consumer advocacy, financial education and corporate social responsibility.
“The fit between our two operations is excellent,” said Les Riedl, President of Meed. “The fiscal educational programs offered by ACC are an ideal complement to Meed’s mission of advancing financial inclusion and financial mobility. There’s a lack of financial literacy among Millennials and Gen Z today, and ACC is providing its members with vital knowledge to overcome their deficit. At Meed, we can build upon this action by bringing these segments to financial institutions as profitable relationships.”
"We are delighted that Meed has chosen to partner with ACC. Together, we can have a significant impact on the financial health and well-being of those consumers who are living paycheck to paycheck,” said Thomas Hinton, President and CEO of the American Consumer Council. “Our partnership with Meed also will help turn the lessons of ACC’s beneficial programs into practical solutions for Millennials and Gen Z’ers who need help the most.”
Meed will incorporate ACC membership into a suite of benefits for Meed users who can enroll via ACC’s partnering credit unions. Meed also will make available its innovative mobile app, offering access through its Member Financial Institutions to a demand deposit account, a security savings account, a secured line of credit, domestic and international transfers between Meed users, as well as access to the global income-building SocialBoostTM program, which gives users the opportunity to earn a new income stream while also helping those users who need it most.
After its launch in Vietnam last year, Meed has enjoyed exponential growth and is projecting over 300,000 users in Vietnam alone by year end. It is on track for launching in the U.S. and Mexico in 2017, with plans to establish a global network of banks and credit unions in 30 countries by 2021.
Headquartered in Santa Monica, CA, Meed™ provides a new global platform for a community of networked Member Banks and Credit Unions, Corporate Members and individual users. The network provides access for users to the Member FIs for their financial services needs, and also provides a solution for financial exclusion and immobility. For more information, visit http://www.meed.net/.
About The American Consumer Council:
ACC is a national, non-profit consumer education organization founded in 1987 and dedicated to financial education, consumer advocacy and corporate social responsibility. ACC supports America’s economic growth by encouraging the sale and use of safe, reliable products and services to consumers. ACC achieves its mission by serving the economic interest and consumers needs of its 189,000 members and 48 state/regional consumer council affiliates. For more information, visit: www.americanconsumercouncil.org.