ALEXANDRIA, Va. (2/21/14)--Noting that "an educated consumer is better prepared to make sound financial choices," National Credit Union Administration Chairman Debbie Matz encouraged credit unions to take part in a planned Twitter talk during America Saves Week and Military Saves Week.
America Saves Week and Military Saves Week begins today and runs until March 1. Matz in recent weeks has noted it provides credit unions with an excellent opportunity to educate their communities about the importance of saving.
The NCUA will be active online during the week, hosting a Feb. 26 Twitter chat at 11 a.m. ET. During the chat, NCUA Office of Consumer Protection Financial Literacy and Outreach Analyst Kenneth Worthey will highlight the NCUA's financial literacy resources and answer credit union and member financial literacy questions. The agency has encouraged Twitter users to follow the conversation and contribute using the #NCUAChat hashtag, and to submit questions early by emailing firstname.lastname@example.org.
The agency has also created a Virtual Campaign Headquarters page, and updated its mycreditunion.gov site and the agency's financial literacy site, Pocket Cents, with new information about saving, borrowing and managing credit.
America Saves Week and Military Saves Week are national campaigns that unite government, nonprofit and corporate groups to encourage individuals and families to save and build personal wealth. American Saves Week is coordinated by American Saves and the American Savings Educational Council. Military Saves is part of the Defense Department's Financial Readiness Campaign and has been a partner with the department since 2003. Managed by the Consumer Federation of America, both programs encourage saving, reducing debt and building wealth.
"Teaching individuals how to build wealth is a core mission of the credit union system, and I strongly encourage credit unions to take part in various activities to remind their members of the importance of saving," Matz said.
During the week-long event, the NCUA encourages credit unions to partner with local savings campaigns and consumer organizations to offer motivational workshops and obtain posters, brochures and other resources.
For more, use the resource link.