Cottage Grove’s Summit Credit Union launched an “Equity in Money” initiative, which aims to address the gender pay gap and increase financial security for all, WMTV15 reports.
The credit union’s financial educators conducted research on the differences between men’s and women’s financial approaches and are working to build public understanding of factors contributing to the gender pay gap — which has barely closed in the U.S. over the past 20 years.
The “Equity in Money” initiative supports women in building financial security and closing the retirement savings gap by:
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Increasing women’s confidence with money by providing information and support;
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Building women’s wealth by helping them own homes and businesses;
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Helping women create financial plans that balance paying down debt and saving;
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Supporting women in increasing lifetime earning power; and
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Openly sharing pay practices and data.
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Additional information about the initiative is available here.
