The Shifting People Podcast
How Income Advance Loans Reduce Financial Stress, Turnover, and Lost Productivity | Rhino Foods Foundation On the Shifting People Podcast, co-hosts Derek Williamson and Kathleen McDonough interview Christina Blunt (executive director) and Chris Hines (income advance program manager) from Rhino Foods Foundation about the employer-sponsored Income Advance program, created at Rhino Foods in 2007 with North Country Federal Credit Union. The foundation works to expand affordable small-dollar credit so workers can handle unexpected expenses with dignity. They explain how the program partners employers with lenders to offer up to about $2,000 loans repaid via payroll deduction, using employment tenure rather than credit scores for eligibility, with credit reporting and an automatic savings pathway. They contrast this with earned wage access products that can resemble payday lending when used beyond short-term timing needs, discuss employer ROI via reduced turnover and productivity losses from financial stress, share examples including a Maine hospice/home health employer, and note current expansion across New England, New York, Chicago, and Southern California. Rhino Foods Foundation Website: www.rhinofoodsfoundation.com ROI Calculator: https://www.rhinofoodsfoundation.org/income-advance-roi-calculator [https://www.rhinofoodsfoundation.org/income-advance-roi-calculator] Christina Blunt’s LinkedIn: https://www.linkedin.com/in/christinablunt/ [https://www.linkedin.com/in/christinablunt/] Chris Hynes’ LinkedIn: https://www.linkedin.com/in/chrishynes2/ [https://www.linkedin.com/in/chrishynes2/] Rhino Foods Foundation LinkedIn: https://www.linkedin.com/company/rhino-foods-foundation/ [https://www.linkedin.com/company/rhino-foods-foundation/] 00:00 Podcast Welcome 00:32 Meet Rhino Foods Foundation 01:37 Christina Background 03:02 Chris Background 06:10 How Income Advance Started 09:33 Program Mechanics Today 13:02 Credit Building And Savings 16:42 Earned Wage Access Risks 23:00 Employer ROI And Benefits 28:40 Success Stories In Action 37:18 Where The Program Operates 40:38 Wrap Up And Resources 42:07 Post Episode Debrief 43:45 Shifting Questions Takeaways 49:54 Final Links And Goodbye
27 episodios
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