Partnering to Address Financial Insecurity – SafetyNet & SpringFour

Partnering to Address Financial Insecurity – SafetyNet & SpringFour

Partnering to Address Financial Insecurity – SafetyNet & SpringFour

 

 

 

The financial wellness space is quickly expanding, and companies in a variety of industries are increasingly bringing to market innovative products to address ever-growing financial challenges. One of these innovative companies is SafetyNet, which is backed by a multi-billion dollar group with 80 years of industry expertise. SafetyNet is on a mission to improve the financial lives of millions of hardworking people. They imagine a world where tens of millions of people have a financial safety net “to help them ride out the storms life hands out.” To do this, they are developing financial solutions that help individuals manage unexpected cash flow, bill payment and savings challenges.

SpringFour and SafetyNet were introduced to each other in 2017 and we were both immediately drawn to a shared vision of helping consumers steer through difficult financial times.  Understanding that SafetyNet’s products serve a similar population as SpringFour, we set out to build a partnership – knowing that these same individuals likely could benefit from referrals to local financial health resources.

SafetyNet understands that sometimes people need information or need to be pointed in the right direction to get their financial lives back on track. By leveraging free resources and tools on their website (including SpringFour), SafetyNet helps people navigate difficult times and get the help they so desperately need. SafetyNet also accesses SpringFour’s professional tool, where SafetyNet’s customer service agents can provide SpringFour referrals to those who need them over the phone.

“Partnering with SpringFour allows us to provide additional financial wellness resources to consumers who are struggling financially. Those facing unemployment or financial stress benefit from local referrals that SpringFour seamlessly provides,” stated Dan Murray, Senior Vice President at SafetyNet.

SpringFour finds it inspiring to work with a visionary company like SafetyNet that is not only creating innovative solutions but also seeks to get out there and talk to consumers about what they need, address gaps in the market, and deliver products that will really help those struggling to get by. What sets SafetyNet apart is that they are not just focused only on their own products, they are focused on people.

Tough times are going to happen, but with companies like SafetyNet and SpringFour working together to provide real solutions, the many that feel the pinch of life, will now have real ways to prepare for and address their financial challenges.

We at SpringFour are extremely proud of our partnership with SafetyNet and look forward to the years ahead where we continue to serve countless numbers of folks that need a helping hand.


 

Katie Gottschall Donohue, Vice President, Strategy and Customer Engagement

SpringFour, Inc.

Awards and Recognition

          

           

       

    

 

 

 

 

 

          

DRIVE IMPACT WITH US

info@springfour.com
866-732-2246

Chicago Office at 1871
222 Merchandise Mart Plaza

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Best For The World

Best For The World

Best For The World

 

 

Recently, we were honored as one of the Best For the World by the B Lab.

Each year, the B Lab recognizes Certified B Corporations for their outstanding positive impact. As a part of this community, SpringFour is using business as a force for good.

And in doing so, we have a lot of happy customers.

As One of the Best For the World in the Customer category, we have been recognized as a company that “aims to improve the lives of their customers through the use of their product or service.”

To our team here at SpringFour, this honor means a lot. It’s honors what we strive to do every day at SpringFour—improve people’s lives through connections to important services, tools, and products that can help see them through a financial challenge and help them to better days. And this has been our goal since our company was founded back in 2005.

In order to be recognized in the Best for the World: Customers List for 2018, A Certified B Corporations needs to have a B Impact Assessment score in the top 10 percent of the entire global community. This assessment area measures the impact a company has on its customers by focusing on whether a company sells products or services that promote public benefit and if those products/services are targeted towards assisting underserved populations.

We are proud of our work, our team, and the commitment we have shown since day one to create access and pathways for people to get the help they need and deserve to live a financially healthy life. It’s an honor to have made this list.

We chose to undergo the rigorous process of becoming a Certified B Corporation because we want everyone we do business with to understand that at SpringFour, impact is what drives us each and every day. We want to hold ourselves to a higher degree of accountability and social impact. We believe our Certified B status tells our customers, partners, and other stakeholders that we are more than a financial technology company, that we are committed to our mission of connecting consumers to the local financial resources that they need and deserve.

We are especially pleased to learn that two of our customers, Beneficial State Bank and Sunrise Banks are also joining us on this list for their outstanding work and leadership. We are proud to be in their company.

You can find the complete list of all Certified B Corporations receiving this honor here

Awards and Recognition

          

           

       

    

 

 

 

 

 

          

DRIVE IMPACT WITH US

info@springfour.com
866-732-2246

Chicago Office at 1871
222 Merchandise Mart Plaza

JOIN OUR MAILING LIST

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New Study Shows Even More Can’t Afford Middle Class Basics

New Study Shows Even More Can’t Afford Middle Class Basics

New Study Shows Even More Can’t Afford Middle Class Basics

Financial wellness isn’t something that just a few Americans need to worry about. In fact, more Americans than ever are struggling with everyday financial issues. And these are people who are working, who go to their jobs every day and live above the official poverty line, but yet don’t have enough money to pay ordinary expenses (rent, transportation, childcare and a cellphone). In fact, according to a new study conducted by the United Way, more than 40% Of U.S. households can’t pay the basics of a middle-class lifestyle.

The recently released study: “Working Hard But Struggling to Survive” looked at just this population of Americans. Named the acronym “ALICE” (standing for Asset Limited, Income Constrained, Employed), the United Way report calls out just how prevalent this issue is. As the report states, “ALICE is your child care worker, your parent on Social Security, the cashier at your supermarket, the gas attendant, the salesperson at your big box store, your waitress, a home health aide, an office clerk. ALICE cannot always pay the bills, has little or nothing in savings, and is forced to make tough choices such as deciding between quality child care or paying the rent. One unexpected car repair or medical bill can push these financially strapped families over the edge.”

A variety of interactive maps show just how many across the country are living under the ALICE threshold, click the map below to see more:

At SpringFour, we understand who ALICE is and the millions she represents. In fact, ALICE is very similar to Jane, a fictional representation of a SpringFour beneficiary that has appeared in several of our pitches helping to illustrate the power referrals can have for someone living paycheck to paycheck.

We believe that people should not have to choose between paying their mortgage or paying their child care bill, and we know they need and deserve access to local resources that can help. When people are struggling they often do not know where to turn for this help. SpringFour referrals can help those living paycheck to paycheck find savings by connecting them to local nonprofit and government resources. We know that these types of referrals can help families save in a variety of budget categories. In fact, people receiving SpringFour referrals save on average $250 per month.

Get in touch with us if you would like to learn more about SpringFour can help your organization increase the financial wellness of your customers or employees.


Katie Gottschall Donohue, Vice President, Strategy and Operations

SpringFour, Inc.

SpringFour Is Growing: Introducing Our New COO

SpringFour Is Growing: Introducing Our New COO

SpringFour Is Growing: Introducing Our New COO

I am extremely thrilled to join the SpringFour team as the new Chief Operating Officer. Not often in life do you get a chance to impact the lives of so many. SpringFour is that opportunity. We are laser-focused on getting the best financial health information into the hands of the millions of Americans who need it most.

SpringFour is growing and expanding its reach every day; already surpassing more than one million savings referrals annually. We at SpringFour work tirelessly to deliver creative solutions for our customers. With every new opportunity, we are on a mission to increase financial wellness, to help those living paycheck to paycheck, and to make the world a better place. That is what drives me. That is what drives SpringFour.

I plan to combine my passion and 20+ years of experience leading new company initiatives and driving strategic value to elevate SpringFour to the next level.  I look forward to the years ahead with SpringFour, knowing that our impact will only continue to grow. The future is very bright for SpringFour and the many that we serve.

It will truly be an honor and pleasure to work with SpringFour’s current and future subscribers to help deliver financial wellness to their customers.

Please do not hesitate to reach out to me with any questions or to learn more about SpringFour.

Awards and Recognition

          

           

       

    

 

 

 

 

 

          

DRIVE IMPACT WITH US

info@springfour.com
866-732-2246

Chicago Office at 1871
222 Merchandise Mart Plaza

JOIN OUR MAILING LIST

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