Happy Money, a fintech company building financial tools and services for human happiness, has announced the launch of its partnership with Teachers Federal Credit Union (TFCU), Hauppauge, NY, the company said.
This announcement continues to build on the momentum created by Happy Money´s 2019 Series D fundraise of USD 70 million, led by CMFG Ventures, the venture capital arm of Happy Money´s partner, CUNA Mutual Group.
To date, Happy Money has helped over 80,000 people pay off nearly USD 1.5 billion in credit card debt. Today´s announcement signals the continued success of Happy Money´s origination model via its growing consortium of ethos-aligned financial partners. This capital commitment from TFCU will continue to fuel the company´s mission of Helping Borrowers Become Savers™.
Teachers Federal Credit Union (TFCU) is one of the country´s largest credit unions with USD 7.5 billion in assets and more than 340,000 members across all 50 states. Founded on Long Island in 1952, TFCU is a full-service, not-for-profit financial institution that provides members with 31 full-service branches throughout Long Island, Queens and Manhattan, as well as access to services at more than 5,000 shared service centers located across the country. For more information visit www.teachersfcu.org.