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Corporate Financial Wellness Program

Increasing productivity by helping employees achieve financial stability.

Consolidated Credit helps more than just individuals but businesses too. Our financial wellness program, Knowledge Of Financial Education (KOFE) offers online tools such as interactive courses, calculators, and videos. We work with hundreds of companies, organizations, municipalities, and charities of all sizes that have one thing in common: the desire to help their employees/members become financially healthy.

If you need a financial Wellness portal but you’re not sure where to turn, KOFE is the clear choice. KOFE integrates an online platform with one-on-one financial coaching to provide a custom experience like no other and all with the 3C guarantee: that’s coaching, customization and cost. 

Customization begins with your color scheme, logos, and the content that fits your needs. We offer thoughtful, personalized marketing materials and social media campaigns to promote your portal which enriches your audience’s experience. Coaching is the interactive personal touch that puts KOFE over the edge.

Imagine your clients or employees having access to bilingual, certified counselors and HUD-certified housing counselors every weekday. The coaches all have over 10 years of experience providing unbiased and empathetic advice. They can assist with goal setting, budgeting, savings advice, credit improvement, financial action plans. and more.

The portal is also available in Spanish to cater to those who prefer to access the information in their native language. On top of all that, you get monthly live and recorded webinars on topics that people care about most, podcasts, a video library of educational content, and more.

You can finally provide the compelling financial education experience you’ve been waiting for. Give your audience a financial wellness portal that does it all. Schedule a KOFE demonstration today.

What is KOFE?

KOFE, short for Knowledge of Financial Education, is a leading online financial literacy platform that educates individuals about the language of money. Our cloud-based, independent, and unbiased financial education and engagement platform, assesses and benchmarks participants’ overall financial fitness and then presents them with user-friendly tools to help them engage and learn how to live within their means and reach their financial goals.

KOFE has three important components: an online platform available in both English and Spanish, one-on-one financial coaching delivered by certified credit and housing counselors, and lastly, a host of financial resources like webinars, podcasts, calculators, and worksheets.

BenefitsPro, the # 1 online destination for benefits professionals, featured Consolidated Credit’s financial wellness program KOFE as one of five top value-adding technologies in the benefits market after it launched in 2016. Services like KOFE can generate greater appreciation from their clients, resulting in stickier relationships.

BenefitsPro recognizes KOFE as an innovative value-add benefits program that uses a combination of technology and financial coaching to improve the financial lives of an organization’s employees.

How does KOFE help employers?

Of course, a healthy employee is a productive one, and that applies to financial health as well as physical health. By providing resources to employees that help them achieve and maintain financial stability, an employer can reduce distractions in the office and time taken out of work to handle personal issues. Employees can focus on work instead of worrying about their finances at home. Here’s what they have to say about Consolidated Credit and KOFE:

  • Consolidated Credit helps employees deal with life-altering credit, debt, and financial issues.
  • The KOFE financial wellness program provides free financial education resources to educate employees on the skills necessary to live a financially secure lifestyle.
  • Budget calculators, worksheets, infographics, interactive courses, and videos teach employees to live within their means and stay financially fit. By using these tools, employees are encouraged to save and invest while they reduce expenses and debt.
  • The app offers guidance on establishing achievable financial goals, building a personal budget, managing financial stress, and planning for the future.
  • What’s most unique about the Knowledge of Financial Education (KOFE) portal is that it’s not a static package, says Gary S. Herman, president of Consolidated Credit in Fort Lauderdale, Florida.
  • It includes online resources such as videos, webinars, and interactive courses, but nonprofit also offers the ability to have financial coaches go out to locations or help them over the phone.
  • The nonprofit starts by consulting with employer groups to find out what they are looking for, including whether or not they want the personal finance education to be co-branded.
  • After the initial consultation, Consolidated Credit builds the program based on what specific component the employer wants to offer their employees.

Some employers just want to require employees to complete a session with a financial coach before receiving any pay advances or loans from qualified plans such as 401(k) plans,” Herman says.” It’s a good idea to have employees go through a confidential budgeting session so that they can figure out how to pay themselves back, which many times they can’t. Some employers want a program to get their employees to understand the importance of savings and the secrets to building and maintaining good credit.

How much are financial issues costing your company? And we don’t mean your corporate finances. We mean the financial issues and challenges faced by your employees.
Research indicates employees with financial difficulties use 20 hours of work per month, on average, to deal with their problems at home. That loss in productivity can have a significant impact on your business. Late projects, missed deadlines, low-quality work, and distracted employees can really add up to negatively affect your bottom line.
Financially healthy, happy employees are profitable employees. With that in mind, the financial well-being of your employees needs to be a top priority for you. You may have heard of financial literacy programs in the past, but KOFE is unique.
We start with a state-of-the-art online platform that can be accessed by your employees anywhere in the world. The easy-to-navigate portal makes building a better financial outlook engaging and exciting, so your employees are more likely to use it consistently and take action.
KOFE is also highly personalized. Your employees have free access to talk directly with our staff of certified credit counselors. Any questions, issues, or special needs can be addressed quickly and effectively, so your employee won’t be distracted on the job.
So, take the next step in providing a comprehensive benefits package to your employees, including vital financial education and support. Contact us today to speak with a KOFE program specialist and schedule a free demonstration.
[On-screen text] – 1.800.901.8304

What other benefits does KOFE provide?

The app also includes financial advice on how to understand credit scores and how to rebuild credit; organize and categorize savings, and how to cut costs on energy, health care, insurance, and other household bills; student loan consolidation and using credit on campus; planning for live events such as weddings, births, and unforeseen disasters; information on 401(k) plans and individual retirement accounts and debt elimination versus retirement savings.

Consolidated Credit markets directly to brokers. “Having financially savvy employees, benefits employers and brokers will be appreciated by their employer clients for introducing our services to them.”

The advantage of working through the nonprofit is that its community counseling programs have been paid for by financial services companies such as JPMorgan Chase & Co., Citigroup Inc., and Bank of America Corp.

Due to the funding, the cost of the program is very affordable to employers, he says.
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Want more information about our Financial Wellness Program?

Email us at [email protected], and a community outreach team member will reply quickly. Or call us at 1-800-901-8304.

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