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News Now

Washington
Kids fin lit site launched by NCUA
ALEXANDRIA, Va. (4/12/12)--Pocket Cents, a new website that introduces young people to the benefits of credit unions and the importance of setting financial goals, was unveiled by the National Credit Union Administration (NCUA) on Wednesday.

During the unveiling,  NCUA Chairman Debbie Matz noted the agency is committed to developing financial literacy materials for people of all ages.

The  new site specifically  includes information and tools to teach school-aged youth about the history of credit unions, how to locate a credit union nearby, and how to start their own credit union at their school. The site also addresses positive financial habits, offers important lessons about the value of a dollar, and, for fun, contains a map section that allows users explore the currencies of different nations.

The Pocket Cents website launch is part of the  NCUA's celebration of April as  national financial literacy month. The agency also is using Twitter and other social media outlets to help increase financial literacy, addressing issues such as taxes, money management for youth, savings, investing, retirement, and homeownership. (See related April 3 News Now story: CFPB, NCUA promote financial literacy month.)

The Credit Union National Association (CUNA) is also marking Financial Literacy Month by continuing its annual sponsorship of the  National Youth Saving Challenge, and credit unions across the country are also encouraging their members to budget, save, manage credit, and pay down debt. (See related March 30 News Now story: April is National

Financial Literacy Month.)

For more on the NCUA's new site, use the resource link.
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