Latest Shift Savings News
May 17, 2018
CUNA Mutual’s SafetyNet Acquires Shift Savings CUNA Mutual’s SafetyNet has acquired Shift Savings, a Milwaukee-based startup established in 2016 to offer an employee benefit solution. The terms of the acquisition weren’t disclosed. Here’s how the Shift platform works: (1) employees connect their checking account with Shift, (2) Shift securely tracks their daily transactions and rounds up each transaction to the nearest dollar, (3) at the end of each week, Shift totals up their round ups and transfers that amount via an ACH transfer to their Shift savings account. Also, employees can set their financial goals and track their daily transactions, goal progress and spending habits.