ALEXANDRIA, Va. (3/21/13)--National Financial Literacy Month in April provides an excellent opportunity for credit unions to talk with their members about saving, building wealth and making smarter financial decisions, the National Credit Union Administration noted in a Wednesday release.
These discussions not only help members make better-informed financial decisions, but also strengthen a credit union's relationship with its members, and ultimately contribute to a credit union's bottom-line, NCUA Chairman Debbie Matz said.
To help spark these conversations, the NCUA has provided a host of personal finance resources on its consumer website MyCreditUnion.gov, and the agency's financial literacy microsite, Pocket Cents. Credit unions and their members can also watch the NCUA's consumer Twitter feed, @MyCUgov, which features timely personal finance tips to help individuals make smarter financial decisions, the NCUA added.
For more on the NCUA efforts, use the resource link.
Credit unions across the country will encourage their members to budget, save, manage credit, and pay down debt during this year's Financial Literacy Month.
The Credit Union National Association is observing the month by holding National Credit Union Youth Week between April 21 and 27. CUNA and credit unions will offer art, articles, celebration materials and promotional products for the week. This year's theme, "Savings Sleuth--Solve the Mystery," challenges credit unions to help the nation's youth solve the mystery of how to save money for meaningful purchases.
Campaign materials offered by CUNA include financial education content, items to reward young members and apparel for credit union staff.
Last year, credit unions and state credit union leagues nationwide observed Financial Literacy Month by developing programs to raise awareness of credit unions' financial education activities and the importance of financial education, sponsoring financially fit days, working with state legislators at youth financial education events, and providing other resources.