Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
National CU Fin Ed Report released by NCUF
MADISON, Wis. (1/9/12)--Roughly 1.6 million consumers received financial counseling and/or advice through a credit union, says a report released today by the  National Credit Union Foundation (NCUF) through its REAL Solutions program.

Click to view larger image Click for larger view
The free online report, "Credit Unions: Focused on Financial Capability Across the Nation," is the result of an almost yearlong data collection effort by NCUF with the help of state credit union leagues.

NCUF and REAL Solutions conducted a national study of credit-union-provided member and consumer financial education and counseling.

The report is designed to provide credit unions with quantitative data to illustrate how the credit union movement is making a difference through financial education and counseling.

Among the findings in the report:

  • Credit union representatives presented more than 24,000 educational sessions to more than 600,000 students in classrooms nationwide designed in accordance with state and national curriculum standards;
  • 111,500 student members had $34 million on deposit at 1,400 in-school credit union branches that encourage savings and connect financial education with financial access; and
  • Credit unions invested $140 million during 2010 toward improving the financial capability of members and consumers in general.
The report describes 10 financial education/counseling interventions offered to members/consumers by credit unions. It provides cumulative data about member use of and access to credit-union provided financial education/counseling products, tools, and courses, and reveals probable keys to program success.

National data are supplemented by case studies of credit unions and state leagues/associations that illustrate each type of educational intervention.

Data was collected through an online survey of U.S. credit unions from March 2011 through year-end 2011. The report is based on information submitted by 576 credit unions of all asset sizes. They represent 8% of all U.S. credit unions, and 27% of all U.S. credit union memberships as of December 2010.

The full report is available as a single document, and each state section also is available as a separate document. All are in PDF format.
Other Resources

RSS print
News Now LiveWire
The Hill reports House Republicans plan to delay Aug. recess to stay in D.C. until they have enough votes to pass bill on border crisis.
2 hours ago
The FHLBs of Des Moines and Seattle announce they have entered into an exclusivity arrangement regarding potential merger of the 2 entities.
3 hours ago
SunCorp and @AlloyaCorp have announced their intent to merge.
5 hours ago
.@TheNCUA bars former employee of Southwest Communities FCU,Melissa Rosing,from work at any federally insured FI. http://t.co/owtVnPxVZT
5 hours ago
Fryzel added @TheNCUA is fed. governmt, thereby will B criticized, but always tried 2 do what is right. McWatters still 2 B sworn in.2of2
8 hours ago