Newsroom

March 30, 2015

NAFCU encourages participation in Financial Literacy Month

NAFCU is encouraging its members to participate in Financial Literacy Month by offering their members resources on getting out of debt, building saving habits and maintaining a consistent budget.

NAFCU President and CEO Dan Berger said, "NAFCU members are always going above and beyond to offer financial literacy resources and tips for their communities. Financial Literacy Month is a good opportunity to take stock of the latest resources and strategies available and make sure existing and prospective members know their credit unions have their backs when it comes to being smart about managing their money."

NCUA Chairman Debbie Matz also encouraged credit unions to use the agency's new resources on financial literacy, including a video on payday lending. NCUA will also host a free webinar on youth financial literacy programs on April 22, and will moderate a Twitter chat on financial literacy the same day. Matz also noted the Financial Literacy Day event slated for April 24 on Capitol Hill, which focuses on educating lawmakers on federally insured credit unions. NAFCU will also participate in the event.

NAFCU Services has put together a list of Preferred Partners that offer free programs to help credit unions encourage responsible financial habits. The list includes MasterCard's online toolkit for creating a calendar of financial education events in one's community, and VantageScore's resources that help consumers see their credit as more than just a three-digit score.

In April, NAFCU will also release the results of its Economic & CU Monitor on financial literacy.