April marks an important month for credit unions as we all celebrate National Credit Union Youth Month and National Financial Capability Month. This provides a great opportunity for organizations to showcase the credit union difference by going above and beyond to provide financial education to staff, members, and communities.
Your Foundation is here to help you celebrate this month with a few articles full of ideas by Executive Director Gigi Hyland. The first article was featured on CUInsight and explains “Why Every Month Should be Financial Capability Month“.
According to the first-ever S&P Global FinLit Survey, a detailed and comprehensive analysis of worldwide financial literacy, 57% of adults are financially literate. That means that 43% of American people – our credit union members- are not financially capable. Helping our members to become financially capable citizens is part of our role as credit unions, and this article provides ideas to help such as the Enhanced FiCEP program, and free toolkits from the Foundation. Click here to read the full article.
The second article was featured on CUToday and explains “How to Turn National CU Youth Month Into Year-Long Payoff“. When young adults ages 18-24 were surveyed about the high school level course that would benefit their life the most, 51.4% answered personal finance. Over half of these young adults believe that lessons in personal finance would have impacted their life more than courses in mathematics, science, or social studies. This post discusses the importance of National CU Youth Month and how organizations can utilize the Biz Kid$ Program to improve the financial futures of the next generation. Click here to read the full article.
Last, but certainly not least, an article from the Credit Union Times that is titled, “It’s Up to Us to Improve Financial Well-being“. Almost half of Americans couldn’t come up with $400 to pay for an emergency – these Americans are our members and potential members. This article discusses how the Foundation is working towards improving the financial health of credit union members with the help of CFSI. Click here to read the full article.
We hope these resources help you as you continue to celebrate the month of April as we work together to improve the financial well-being of our members!
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