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NCUA, AARP Will Work Together to Promote Financial Literacy and Consumer Education
Friday, September 12, 2014 6:45 AM

The National Credit Union Administration will team up with AARP to work on a series of initiatives aimed at promoting financial education and outreach, helping consumers achieve financial security and increasing access to responsible and affordable financial services.

“Promoting financial literacy is an important goal for NCUA and one of the core missions of federally insured credit unions,” NCUA Board Chairman Debbie Matz said. “In an economy that is experiencing rapid change and growing more complex, it is increasingly important for consumers to be educated in order to protect their financial security. There are many areas where AARP and NCUA can work together to strengthen the financial health of Americans of all ages.”

AARP and NCUA have signed a Memorandum of Understanding outlining a series of educational initiatives during the next two years that include consumer-friendly financial services, anti-fraud efforts, entrepreneurship and financial literacy, among others. Activities will include, but are not limited to, sharing of financial education tools and resources, co-hosting events in communities and online and participating in working groups with one another and with other organizations.

NCUA staff helped kick off this partnership by participating in AARP’s Ideas@50+ National Event last week in San Diego. NCUA provided informational material to hundreds in attendance on such topics as credit union services, share insurance coverage, elder financial abuse and the agency’s many financial literacy resources available through the website.