Salary Finance, the leading global provider of financial education and salary-linked benefits for employees, and Trusted Capital Group (TCG), a provider of investment and retirement planning solutions, announced today that New Caney Independent School District in New Caney, Texas is one of the first school systems to begin to offer Salary Finance employee loans to employees. Leveraging FinPath, TCG’s workplace financial wellness program designed to empower users to approach their finances with knowledge and confidence, employees of the New Caney school system can manage financial wellness solutions from TCG and payroll-deducted loans from Salary Finance on one platform.
Located 25 miles northeast of Houston in Montgomery County, New Caney is one of the fastest growing school districts in Texas, having doubled enrollment in the last 15 years to more than 16,000 students in 2020. There are more than 1,100 teachers in the district.
“The greatest resource we offer our students is our teachers,” said Kenn Franklin, Superintendent of New Caney Independent School District. “We are pleased to offer this voluntary benefit to them, enabling them to apply for low-interest loans that can be repaid through salary distribution. Especially during these uncertain times, we believe this is an invaluable benefit we are providing to our teachers and school personnel.”
In its recent study of nearly 3,000 US workers, Salary Finance found that salary-linked savings and access to affordable credit are two of the most desired benefits not currently being offered by companies.
In addition to being able to apply for a low-interest, salary-linked loan through FinPath, employees in the New Caney school district will be able to schedule an appointment with a financial consultant.
“Salary-linked loans are a proven alternative to debilitating high-interest loans, something that’s in dire need during this economic downturn,” said Dan Macklin, CEO, Salary Finance. “We are excited to partner with TCG to provide a financial wellness solution to the educators and school personnel of New Caney.”
About Salary Finance
Founded in 2015, Salary Finance is an award-winning organization that partners with employers to offer financial wellness solutions that help employees improve their lives by improving their finances. A company underpinned by a social purpose, we’re driven by an ambitious mission in the US: to help 10 million Americans out of debt and into savings. Salary Finance is a United Way Worldwide corporate partner and works with over 150 of the world’s leading employers. To learn more, please visit www.salaryfinance.com/us. Salary Finance branded loans are offered by Axos Bank®, Member FDIC.
About Trusted Capital Group
Trusted Capital Group (“TCG”), previously TCG Group Holdings, LLP, delivers investment and retirement planning solutions that provide peace of mind and lead clients to financial success. Services provided by the company’s affiliates are focused on overall financial wellbeing and include institutional and individual financial planning, retirement plan administration, portfolio and investment advising, identity protection, deferred compensation, and executive compensation consulting. other services. For more information on TCG please visit www.tcgservices.com.
Public Relations, Salary Finance