ALEXANDRIA, Va. (April 6, 2020) – The National Credit Union Administration will promote financial preparedness for credit union members, consumers, and service members and their families during National Financial Capability Month and Military Saves Month, both of which run through April 30.
The NCUA’s consumer website, MyCreditUnion.gov(opens new window), includes information on topics like managing debt, setting a budget, understanding home equity loans, and planning for the expected. NCUA.gov hosts a Financial Literacy and Education Resource Center that links to additional educational resources from other federal agencies and organizations. Credit union members, consumers, and service members and their families can also find and share financial tips and best practices for protecting their financial well-being on the NCUA’s Facebook page.
Under the Federal Credit Union Act, promoting financial capability 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 reinforces credit union efforts, raises consumer awareness, and increases access to safe and affordable financial services.
The NCUA is one of 19 federal agencies that are members of the Financial Literacy and Education Commission, which was established in 2003 to develop a national financial education website and a national strategy on financial education.