American Consumer Council Partners with Meed to Provide Financial Mobile App to Consumers

San Diego, CA – May 12, 2017. The American Consumer Council (ACC) announced today that it is partnering with Meed, the Santa Monica-based financial health company, to bring more financial mobility services to Millennials and Generation Z through Meed’s online mobile application services.

ACC is a leading non-profit consumer education organization focused on consumer advocacy, financial education and corporate social responsibility. Meed is a progressive financial technology company committed to bringing socially-conscious innovation to the financial sector.

“We are delighted that Meed has chosen to partner with ACC,” said Thomas Hinton, president & CEO of the American Consumer Council. He added, “Together, we can have a significant impact on the financial health and well-being of those consumers who are living paycheck to paycheck. Our partnership with Meed also will help turn the lessons of ACC’s financial education programs into practical solutions for Millennials and Gen Z’ers who need help the most.”
“The fit between our two operations is excellent,” said Les Riedl, President of Meed. “The fiscal educational programs offered by ACC are an ideal complement to Meed’s mission of advancing financial inclusion and financial mobility. There’s a lack of financial literacy among Millennials and Gen Z today, and ACC is providing its members with vital knowledge to overcome their deficit. At Meed, we can build upon this action by bringing these segments to financial institutions as profitable relationships.”
Meed will incorporate ACC membership into a suite of benefits for Meed users who can enroll via ACC’s partnering credit unions. Meed also will make available its innovative mobile app, offering access through its Member Financial Institutions to a demand deposit account, a security savings account, a secured line of credit, domestic and international transfers between Meed users, as well as access to the global income-building SocialBoostTM program, which gives users the opportunity to earn a new income stream while also helping those users who need it most.
After its launch in Vietnam last year, Meed has enjoyed exponential growth and is projecting over 300,000 users in Vietnam alone by year end. It is on track for launching in the U.S. and Mexico in 2017, with plans to establish a global network of banks and credit unions in 30 countries by 2021.

About American Consumer Council:
The American Consumer Council is a national, non-profit consumer education organization headquartered in San Diego, CA. ACC’s mission is to educate consumers on the purchase and use of safe, reliable products and services, and promote corporate social responsibility. ACC has over 190,000 members across the United States. For more information, visit: americanconsumercouncil.org

Contact:
American Consumer Council,
POBox 503016,
San Diego – 92150,
California, United States,
Phone: (+1) – 7607870414,
E-Mail: tom@americanconsumercouncil.org
http://www.americanconsumercouncil.org

 

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