News & Press: Credit Union News

TopLine offers free financial workshop

Wednesday, September 21, 2016  
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Northwest Community Television - Channel 12 (September 21, 2016) - A Federal Reserve study says nearly half of American households would struggle to come up with $400 in an emergency. 



A lack of personal finance knowledge and practice is one reason why TopLine Federal Credit Union and Lutheran Social Services (LSS) Financial Services came together to offer free financial seminars this fall. 

"A seminar is a perfect way to get your toes wet and learn about the services that are out there, so you can delve further into your finances and really take control," says Shannon Doyle, certified financial counselor from LSS.

Doyle says many people come for financial counseling almost ashamed of their lack of knowledge or their growing amount of debt. After learning more and paying off debt, they are much more confident on which steps they should take to have a financially secure future.

"A lot of times we see people who are anxious or ashamed about not being able to manage their money or even learn about money because a lot of people feel like they should know everything." 

One of Doyle's favorite success stories involves a family who had more than $85,000 in credit card debt as well as two mortgages. After meeting with counselors at LSS, the family paid off their credit card debt in four years and budgeted so they could be financially stable after experiencing a thirty percent reduction in income.

This success story is part of a much larger success story--this family took advantage of LSS and TopLine's free, confidential financial counseling services. Each TopLine member is eligible for up to six sessions. In the past eight years, nearly 115 TopLine members have succeeded in paying off more than $2.3 million in debt, thanks to personal financial coaching and debt management plans from LSS.

But often the first step toward financial freedom is taking a class to learn more.

"We believe a little bit of education, as in a workshop as well as a one on one conversation afterwards with a little bit of encouragement, makes personal finance a little less overwhelming and managing finances makes it a little bit easier," says Vicki Erickson, vice president of marketing and communication from TopLine Federal Credit Union.  

TopLine's Seminars are free, but you must register for them by calling 763-391-9494 or 

To learn more about the seminars:

Minnesota Credit Union Network
555 Wabasha Street N, Suite 200
St. Paul, MN 55102

(651) 288-5170
(800) 477-1034