ALEXANDRIA, Va.– NCUA Chairman Todd Harper is encouraging credit unions and their members to utilize the agency’s many financial literacy resources during National Financial Capability Month, which runs throughout April, as well as throughout the year. The agency said it will also be partnering with the FDIC to host a webinar on financial literacy later this month.
“At the heart of the cooperative credit union movement is a commitment to improving the financial wellbeing of every American, including those of modest means,” Harper said. “National Financial Capability Month, therefore, is a good time for credit unions to invest in the financial literacy of their members by helping them better understand how to save, earn, borrow, invest, and improve their financial lives.”
NCUA said research shows that a person’s overall health and wellbeing is directly correlated to their financial health and wellbeing. Consumers who have a strong foundation in personal finance are also essential to a strong credit union system and economy.
Resources Available
The NCUA noted its Financial Literacy & Education Resource Center includes resources and tools from other federal agencies and stakeholders that can assist credit unions in developing or improving their own personal finance and financial literacy education programs. MyCreditUnion.gov, NCUA’s consumer website, has links to information on a variety of financial education resources, including such topics as saving and investing, homeownership, dealing with debt, preventing fraud, and planning for the unexpected.
NCUA added it participates in national financial literacy initiatives, including the Financial Literacy and Education Commission, an interagency group created by Congress to improve the nation’s financial literacy and education. The Commission’s MyMoney.gov website includes links to information on earning, borrowing, saving, investing, spending, and protecting financial resources.
NCUA, FDIC Fin Ed Webinar
In recognition of National Financial Capability Month, NCUA said it is joining with the Federal Deposit Insurance Corporation to co-host a webinar for credit unions, banks, and other interested parties on the importance of financial account access and financial education for young people participating in employment programs.
Registration for the April 27 event, “Account Access and Financial Education for Youth Participating in Employment Programs,” is now open. The webinar is scheduled to begin at 1:30 p.m. ET and run for approximately 90 minutes.
Participants can submit questions in advance by emailing WebinarQuestions@ncua.gov. The email’s subject line should read, “Youth Participating in Employment Programs.”
The webinar will be closed captioned and archived online approximately three weeks following the live event, the agency said.