OSCUI Discusses Financial Education in African-American Communities
ALEXANDRIA, Va., -- On March 4, expert panels met to discuss the best ways to provide financial education to African-American communities.
Director Tawana James and Adrienne Munroe of NCUA's Office of Small Credit Union Initiatives joined with other federal agency representatives for the roundtable that was the third in a series of four discussions being held as part of the Financial Literacy and Education Commission's implementation of the National Strategy for Financial Literacy.
Deputy Assistant Secretary for Financial Education Dan Iannicola, Jr. moderated the panels.
"I am pleased that Ms. Munroe was able to update those attending this important discussion on NCUA and credit union's significant efforts to enhance financial education throughout the county, including many outreach efforts in African-American communities," NCUA Chairman JoAnn Johnson.
Munroe summarized NCUA's Financial Literacy and Education programs, pointing out that both NCUA and credit unions have historically been devoted to bringing financial services to those with limited access to the financial mainstream.
Munroe also described how NCUA's Access Across America Initiative provides a forum for credit unions to network and receive training on financial education initiatives, and provided examples of credit unions' efforts to deliver financial education and homeownership training.
Munroe highlighted OSCUI programs that offer credit unions individual assistance, partnerships, and workshops. She also mentioned OSCUI financial assistance programs, and how they have allowed credit unions to fund financial education initiatives in their communities.