NEW YORK — NCUA Chairman JoAnn Johnson joined other senior government officials as featured speakers for the Eastern Regional Conference on Reaching Unbanked People held in New York City Oct. 4.
During her address, Johnson emphasized that financial services providers must acknowledge the difficulty in reaching the unbanked, offer financial education, and credit unions specifically need opportunities to expand into underserved areas. "While financial education is not the sole cure for problems facing the underserved, it is necessary for all of us in the financial services community to emphasize its significant role at every opportunity," Johnson said.
"As NCUA Chairman, financial education is a priority for me. I believe that achieving financial well-being is not based on obtaining a loan or buying a new car; rather, it is learning and adhering to basic financial principle–knowing the importance of saving, how to balance a checkbook, budgeting, and investing for the future." Johnson serves on the Financial Literacy Education Commission and chaired the committee to establish the mymoney.gov financial education Web site.
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