NCUA Board Chairman Debbie Matz encouraged credit unions on Wednesday to help their members become smarter consumers during National Financial Literacy Month in April.
"Advancing financial literacy is a top priority for the NCUA, and it's a core mission for credit unions," Matz said. "While consumer education is a year-round effort, Financial Literacy Month is a good reminder about the importance of learning how to manage money and build financial security. Credit unions should use this month to help their members become smarter consumers."
The NCUA is hosting a free webinar on April 3 called, "Financial Literacy: Putting Your Mission into Action" and a twitter chat focused on financial literacy on April 23 from 11 a.m. until noon. Kenneth Worthey, financial literacy and outreach analyst at the NCUA's Office of Consumer Protection, will host the twitter event. Participants can submit questions ahead of time to [email protected].
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The agency will be participating in the Financial Literacy Day event on Capitol Hill April 10, which is focused on educating lawmakers, congressional staffers and the public about federally insured credit unions and the work of the NCUA. The Capitol Hill event is being organized by the Jump$tart Coalition, Junior Achievement USA and the Council for Economic Education.
The NCUA will also release a YouTube video on April 1 documenting the history of America's credit unions and the NCUA.
The NCUA has recommended that credit unions partner with national and local organizations such as non-profit organizations, schools, and consumer focused groups to offer financial literacy workshops and distribute outreach materials.
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