GREENVILLE, S.C., April 25,
2023 /PRNewswire/ -- United Community is proud to
announce a new partnership with Greenlight® Financial
Technology, Inc. to provide United customers free access to
the award-winning Greenlight family finance app, available through
the Greenlight for Banks program. This collaboration is part
of United's commitment to Financial Literacy Month (April) and
highlights the bank's purpose - to use our skills as bankers to
improve the financial health and well-being of our customers and
our communities.
"United's partnership with Greenlight will further enable our
customers to teach their children about money, helping form healthy
financial habits that will last a lifetime," said Lynn Harton, Chairman and CEO of United
Community. "Nearly all – 97 percent – of parents say financial
knowledge and skills are necessary for kids to achieve life goals
and 93 percent of teens agree."
With Greenlight, United parents are equipped with cashless
convenience and peace of mind to automate allowance, manage chores,
set flexible spending controls, and send money instantly. Their
kids and teens get hands-on money management experience
learning to earn, save, and spend wisely with parental supervision,
using the Greenlight debit card and banking app. Kids and teens
also have access to Greenlight Level Up™, an in-app financial
literacy game with best-in-class curriculum, educational
challenges, and rewards.
"We designed the Greenlight for Banks program to help financial
institutions better serve families and engage the next generation
with best-in-class financial education," said Matt Wolf, SVP of Business Development at
Greenlight. "Community banks like United Community are uniquely
well-equipped to help improve financial literacy with their strong
commitment to the community and excellent care of
customers."
United customers will receive a Greenlight subscription for free
when they register online through a dedicated page on ucbi.com and
add their United account as a funding source. Parents can add up to
five kids, each with their own debit card.
The program is expected to become available to United customers
in late-May.
About United Community Banks, Inc.
United Community Banks, Inc. (NASDAQ: UCBI) is a top 100 U.S.
financial institution with $25.9
billion in assets, and through its subsidiaries, provides a
full range of banking, wealth management and mortgage services.
UCBI is the financial holding company for United Community Bank
("United Community") which has 207 offices across Alabama, Florida, Georgia, North
Carolina, South Carolina,
and Tennessee, as well as a
national SBA lending franchise and a national equipment lending
subsidiary. United Community is committed to improving the
financial health and well-being of its customers and ultimately the
communities it serves. Among other awards, United Community is a
nine-time winner of the J.D. Power award that ranked the bank #1 in
customer satisfaction with consumer banking in the Southeast and
was recognized in 2023 by Forbes as one of the World's Best Banks
and one of America's Best Banks. The bank is also a multi-award
recipient of the Greenwich Excellence Awards, including the 2022
awards for Small Business Banking-Likelihood to Recommend (South)
and Overall Satisfaction (South), and was named one of the "Best
Banks to Work For" by American Banker in 2022 for the sixth
consecutive year. Additional information about United can be found
at www.ucbi.com.
About Greenlight
Greenlight Financial Technology is
the family fintech company on a mission to help parents raise
financially-smart, independent kids. Its product, Greenlight, is an
award-winning banking app, complete with a debit card for kids and
teens, cash back credit card for parents, and safety features for
the whole family. Parents can automate allowance, manage chores,
set flexible spend controls, and invest for their family's future.
Kids and teens learn to earn, save, spend wisely, give, and invest
with parental approval. Together, families can also stay safe and
connected with location sharing, SOS alerts, and crash detection
with automatic 911 dispatch to get help if they need it.
The Greenlight Debit Card is issued by Community Federal Savings
Bank, member FDIC, pursuant to license by Mastercard International.
The Greenlight Family Cash Card is issued by First National Bank of
Omaha (FNBO®), member
FDIC, pursuant to license by Mastercard International. Greenlight
Investment Advisors, LLC, an SEC Registered Investment Advisor,
provides investment advisory services to its clients. Investing
involves risk and may include the loss of principal. Greenlight is
a financial technology company, not a bank. The Greenlight app
facilitates banking services through Greenlight's bank partners.
For more information, please visit: greenlight.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/united-community-partners-with-greenlight-to-help-families-raise-financially-smart-kids-and-teens-301807058.html
SOURCE United Community Bank
