International Credit Union Day a Reminder that Financial Literacy is Important

NCUA Offers Online Resources for Credit Unions and Members

ALEXANDRIA, Va. (Oct. 19, 2017) – International Credit Union Day, being celebrated today, is a good opportunity to promote financial literacy, and the National Credit Union Administration offers online resources to help credit unions and members reach that goal.

The NCUA’s MyCreditUnion.gov and Pocket Cents websites provide up-to-date information to consumers about saving, borrowing, managing credit and protecting themselves from frauds and scams. These resources are available in English and Spanish.

The NCUA also offers two fun and engaging interactive financial education tools, “Hit the Road” and “World of Cents” on the Pocket Cents site.

The NCUA’s consumer Twitter feed, @MyCUgov, provides personal finance tips covering a wide range of topics.

International Credit Union Day has been celebrated annually since 1948. The day recognizes the credit union system’s history and achievements with the goal of raising awareness about the work credit unions are doing around the world to provide affordable financial services through a not-for-profit cooperative business model.

Under the Federal Credit Union Act, promoting financial literacy is a core credit union mission. While credit unions serve the needs of their members and promote financial literacy within the communities they serve, the NCUA works to reinforce credit union efforts, raise consumer awareness and increase access to credit union services. The NCUA also participates in national financial literacy initiatives, including the Financial Literacy and Education Commission, an interagency group created by Congress to improve the nation’s financial literacy and education.