Happy Money partners with Blue Federal Credit Union in consumer lending

By Pavithra R

Happy Money, a leading fintech company building financial tools and services for human happiness, has announced entering into a strategic partnership with Blue Federal Credit Union, a Wyoming-based credit union serving more than 100,000 members worldwide, in consumer lending. 

The announcement builds on Happy Money’s continued collaborations with credit unions to deliver turnkey membership and high-quality loan growth. The firm, through its proprietary platform, connects credit unions with next generation members who want to eliminate credit card debt via their Payoff Loan. With large industry player CUNA Mutual Group as one of its major investors, Happy Money has a growing number of mission-aligned partners representing over $75 bn in assets.

“We partner exclusively with community-minded financial institutions who share our vision for a win-win approach to banking. By leveraging the latest technology, proprietary science and partnerships with credit unions like Blue, together we are helping members pay off credit cards, save money and live happier lives,” said Scott Saunders, CEO & Founder of Happy Money.

Happy Money is committed to its mission of helping borrowers become savers. Even in the current economic environment, Happy Money’s innovative credit modeling, marketing and technology solutions enable the firm to drive significant growth for itself and its partners. In 2020 alone, the platform facilitated the origination of more than $1 bn in loans for partners, all while meeting partners’ risk and resiliency targets. 

“Our Happy Money partnership is an investment in strategic growth that aligns with our member-centric mission and values. We’re thrilled to find a fintech partner that can open up innovative growth opportunities and help us achieve our mission of creating new pathways for members to realize their potential,” said Brian Hartwigsen, Vice President of Lending at Blue.