April is Financial Literacy Month but year-round programs are under wayby credit unions in their membership areas across the country,according to NAFCU.
|A survey of its membership found that 58.9% of the respondentstake part in a financial education program at a local high school.The average respondent said it participates at more than 10 schoolsand has been operating the program for more than eight years.
|Credit counseling is the focus in 63.6% of the programs, withretirement planning (48.5%), encouraging savings (42.4%) andmortgage counseling (39.4%) also emphasized, the respondentssaid.
|NAFCU said 22.2% of the respondents are involved in a local“Bank On” program that focuses on basic banking services, and 18.2%host or take part at a Volunteer Income Tax Assistance Site.
|“Credit unions educate their members in order to help themnavigate the ever-changing and, at times, confusing financialservices arena,” said NAFCU President/CEO Fred R. Becker. “Creditunions are especially aware of the need to reach out to theunbanked and underbanked in their communities.”
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