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Matz: CUs Should Educate Members during Financial Literacy Month
Wednesday, April 1, 2015 6:15 AM

NCUA to Offer Webinar, Twitter Chat, and New Online Resources for Consumers

April is National Financial Literacy Month, and National Credit Union Administration Board Chairman Debbie Matz urged credit unions to take this opportunity to help members learn to manage and protect their finances.

“An educated consumer can make better choices to build financial security, and creating those educated consumers is an important part of NCUA’s mission,” Matz said.“

NCUA plans to introduce new information resources, including a Financial Literacy Resources webpage and a video on understanding payday lending, during April. The agency also has several planned activities, including:

  • Hosting a webinar for credit unions, “Your Mission into Action: Developing Youth Financial Literacy and Savings Programs,” on Wednesday, April 22, beginning at 2 p.m. Eastern. Registration information will be available soon. There will be no charge for this webinar.
  • Moderating a financial literacy Twitter chat on April 22 beginning at 11 a.m. 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 beforehand to
  • Participating in the Financial Literacy Day event on Capitol Hill on Friday, April 24, 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.

Beginning in April, consumers can also check NCUA’s and the agency’s financial literacy site, Pocket Cents, to get up-to-date information about saving, borrowing, managing credit and protecting themselves from frauds and scams.

During Financial Literacy Month, NCUA encourages credit unions to partner with national and local organizations such as schools, non-profits and other consumer focused groups to offer workshops and distribute outreach materials.