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Matz Encourages CUs to Educate Families about Building Wealth
Friday, January 31, 2014 6:40 AM

Saving is the first step towards financial security, and National Credit Union Administration Board Chairman Debbie Matz is urging credit unions to educate members and their families about the importance of saving during America Saves and Military Saves Week, which runs Feb. 24 to March 1.

“A savings account is very important to a household’s financial stability,” Matz said. “We should be seriously concerned that nearly 44 percent of American households have almost no savings for emergencies. The America Saves and Military Saves campaigns are excellent opportunities for credit unions to educate members and their families about balancing household budgets, building a cushion for when they run into financial problems and putting money aside for a new home, retirement needs or their children’s educations.”

Credit unions can partner with local savings campaigns and consumer organizations to offer motivational workshops and obtain posters, brochures and other resources. Credit unions can learn more about American Saves activities here and Military Saves activities here.