Unveiled during National Consumer Protection Week, Website Offers a One-Stop Financial Information Toolbox for Individuals
March 9, 2011, Alexandria, Va. --
National Credit Union Administration (NCUA) Board Chairman Debbie Matz today unveiled a new, free consumer tool -- MyCreditUnion.gov
. The NCUA financial education website’s launch coincides with National Consumer Protection Week. MyCreditUnion.gov
offers a one-stop toolbox of educational information and personal finance tips designed to help individuals in making smart financial decisions and better choices for their money.
“The best way for consumers to protect their money and to get the best financial deal is to learn the most that they can about financial products and services before signing on the dotted line,” Chairman Matz said upon launching the website. “Whether it’s a car loan, a mortgage, a credit card, or a short-term alternative loan, smart consumers need to do their financial homework.”
makes it easy for consumers to do just that.
Here, individuals can learn about saving, borrowing and managing credit, as well as how to get a free credit report each year and how to protect themselves from financial scams. The website also explains how credit unions work, where to find a credit union to join, and even how to start a credit union. MyCreditUnion.gov
additionally provides important pointers for resolving credit union member complaints.
furthers the work of the new Office of Consumer Protection, which NCUA formed to further safeguard the more than 90 million Americans who belong to credit unions,” Matz said. “This website will assist consumers not only during this year’s National Consumer Protection Week, but also every week of the year going forward.”
President Obama designated March 6 through March 12, 2011, as National Consumers Protection Week. For more than a decade, this annual event has encouraged government and industry to share with the public financial education information about consumer rights, consumer protection, and sound financial decision-making.
reminds consumers that savings up to at least $250,000 in federally insured credit unions are backed by the U.S. Government. Thus, credit unions remain a very safe place for Americans to deposit their earnings.
NCUA recommends bookmarking MyCreditUnion.gov
as a helpful resource for consumer financial research needs.
NCUA is the independent federal agency created by
the U.S. Congress to regulate, charter and supervise
federal credit unions. With the backing of the full
faith and credit of the United States, NCUA operates
and manages the National Credit Union Share
Insurance Fund, insuring the deposits of more than
98 million account holders in all federal credit
unions and the overwhelming majority of
state-chartered credit unions. At
Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.