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From the June-06, 2007 issue of Credit Union Times Magazine • Subscribe!

MATCU Attempts to Erase Financial Illiteracy with New Position

MEMPHIS, Tenn. -- Battling financial illiteracy is a difficult challenge, but one that credit unions have decided is worth fighting.

The over $500 million Memphis Area Teachers' Credit Union has added a new staffer to try and increase financial literacy among members.

Dario Ungredda has been named housing education counselor at the credit union. The housing boom has unfortunately been overshadowed by sad cases of predatory lending, especially affecting low-income Americans. Ungredda will be responsible for doing one-on-one counseling with prospective homeowners as well as seminars regarding housing issues and financial literacy education.

He is a certified bilingual home-buying counselor and has also been certified in Homebuyer education by Neighbor Works America.

Now a resident of Cordova, Ungredda attended Catholic University Andres Bello in Caracas, Venezuela and University of Carabobo in Valencia, Venezuela before coming to MATCU.

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