NCUA Hosting Twitter Chat on Savings Strategies on Feb. 26
ALEXANDRIA, Va. (Feb. 23, 2015) – Credit union members, particularly those serving in the nation’s armed forces, now have newly updated personal finance information available online from the National Credit Union Administration.
“Providing consumers with the information needed to make better financial decisions is a key part of NCUA’s mission,” NCUA Board Chairman Debbie Matz said. “For America Saves and Military Saves Week, we’ve updated our consumer webpages and made them more user-friendly. I hope credit union members will take advantage of these resources. Knowing that 52 percent of American households could not cover a $400 emergency expense without having to borrow or sell a possession makes this kind of consumer education especially important.”
During America Saves and Military Saves Week, which both run Feb. 23–28, consumers can visit NCUA’s MyCreditUnion.gov website and find links to updated information and savings tips. MyCreditUnion.gov and the agency’s financial literacy site, Pocket Cents, have pages featuring information specifically tailored for service members. NCUA’s consumer Twitter feed, @MyCUgov, also provides personal finance tips covering a wide range of topics all year long.
Additionally, NCUA has online information for credit unions about America Saves and Military Saves week.
NCUA will again host a Twitter chat on savings strategies on Thursday, Feb. 26, at 11 a.m. Eastern. Credit unions and consumers can follow @MyCUgov and contribute to the conversation using the #NCUAChat hashtag on Twitter. Participants can submit questions in advance to firstname.lastname@example.org. Kenneth Worthey, Financial Literacy and Outreach Analyst with NCUA’s Office of Consumer Protection, will join staff of America and Military Saves to share the latest on national savings rates, provide tips on developing healthy savings habits and identify resources to help maximize those savings.
America Saves Week and Military Saves Week are national campaigns that unite government, nonprofit and corporate groups to encourage individuals and families to save and build personal wealth. America Saves Week is coordinated by America Saves and the American Savings Education Council. Military Saves is part of the Defense Department’s Financial Readiness Campaign and has partnered with the department since 2003.
Managed by the Consumer Federation of America, both initiatives encourage saving, reducing debt and building wealth. Credit unions can partner with local savings campaigns and consumer organizations to offer motivational workshops and obtain posters, brochures and other resources during the week.
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 account holders in all federal credit unions and the overwhelming majority of
state-chartered credit unions. At MyCreditUnion.gov, NCUA also educates the public on consumer protection and financial literacy issues.