ALEXANDRIA, Va.– Credit union members, particularly those serving in the nation’s armed forces, are being offered updated personal finance information on NCUA’s website as part of activities surrounding this week’s America Saves Week and Military Saves Week.
“Providing consumers with the information needed to make better financial decisions is a key part of NCUA’s mission,” NCUA Board Chairman Debbie Matz said. “For America Saves and Military Saves Week, we’ve updated our consumer webpages and made them more user-friendly. I hope credit union members will take advantage of these resources. Knowing that 52% of American households could not cover a $400 emergency expense without having to borrow or sell a possession makes this kind of consumer education especially important.”
This week consumers can visit NCUA’s MyCreditUnion.gov site and find links to updated information and savings tips. That site, along with agency’s financial literacy site, Pocket Cents, have pages featuring information specifically tailored for service members, according to NCUA.
NCUA will again host a Twitter chat on savings strategies on Thursday, Feb. 26, at 11 a.m. ET. Credit unions and consumers can follow @MyCUgov and contribute to the conversation using the #NCUAChat hashtag on Twitter. Participants can submit questions in advance to socialmedia@ncua.gov. Kenneth Worthey, Financial Literacy and Outreach Analyst with NCUA’s Office of Consumer Protection, will join staff of America and Military Saves to share the latest on national savings rates, provide tips on developing healthy savings habits and identify resources to help maximize those savings.