ARLINGTON, Va. – The majority of credit unions that provide financial education programs do so in a general manner, according to NAFCU's latest Flash Report.
The monthly survey of approximately 100 NAFCU member credit unions found that 94% offer financial counseling and of those 78% are "general" financial education programs. Seventy-three percent also said they offer programs that target the 25 and under crowd. Nearly half (48%) offer programs for high school students while 42% responded that they offer programs for elementary school students. Forty percent offered programs to middle school students while 30% aim for college students.
For those of us beyond school age, 43% of credit unions offer programs geared toward retirees. Other groups that credit unions target for financial education include the military, women, and the underserved.
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