Inside the Foundation  
 
Financial Literacy Month a Good Time to Become a Smarter Consumer
Thursday, March 27, 2014 8:00 AM

April is National Financial Literacy Month, and National Credit Union Administration Board Chairman Debbie Matz is urging credit unions to use the month to promote greater consumer education among their members.

“Advancing financial literacy is a top priority for 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.”

Credit unions can partner with national and local organizations such as schools, non-profits and other consumer focused groups to offer workshops and distribute outreach materials.

Credit unions in the Cornerstone Credit Union League region are reminded that the Cornerstone Credit Union Foundation offers free FOCUS “train the trainer” workshops. This one-day workshop is designed to arm credit unions, educators, non-profit organizations and community leaders with the skills they need to motivate young people into adopting positive savings and spending habits.

Workshop participants will learn about BizKid$ and the National Endowment for Financial Education High School Financial Planning Program (NEFE HSFPP). .  Following is a list of workshops scheduled in 2014:

  • April 30, Dallas, Texas
  • June 6, Oklahoma City, Okla.
  • June 27, Houston, Texas
  • July 11, Arkansas
  • Sept. 19, Austin, Texas
  • Oct. 10, San Antonio, Texas

The NCUA says it also has several activities planned for the month, including:

  • A free webinar for credit unions, “Financial Literacy: Putting Your Mission into Action,” on April 3, beginning at 2 p.m. Eastern. Online registration is available here.
  • A Twitter chat focused on financial literacy on April 23 from 11 a.m. until noon, Eastern, hosted by Kenneth Worthey, Financial Literacy and Outreach Analyst with NCUA’s Office of Consumer Protection. Credit unions and consumers are encouraged to follow the conversation and contribute using the #NCUAChat hashtag on Twitter. Participants can submit questions ahead of time to socialmedia@ncua.gov.
  • A new video documenting the history of America’s credit unions and NCUA, which will be available on the agency’s YouTube channel April 1.
  • Participation in the Financial Literacy Day event on Capitol Hill on April 10 to educate lawmakers, congressional staffers and the public about federally insured credit unions and the role of NCUA. The event is convened by the Jump$tart Coalition, Junior Achievement USA and the Council for Economic Education.