NCUA Chairman Kyle Hauptman joined federal regulators and financial institutions this week for a financial literacy roundtable hosted by the U.S. Department of the Treasury and the Office of the Comptroller of the Currency.
The discussion centered on financial education programs, collaboration opportunities and ways financial institutions can help expand financial literacy efforts nationwide, particularly among younger Americans.
According to the NCUA, Hauptman emphasized the importance of early financial education and pointed to President Donald Trump's Trump Account program as an example of encouraging financial opportunity at an early age.
"Practically every major decision we make in life has a financial component," Hauptman said, adding that credit unions can play an important role in helping members understand and access Trump Accounts.
Two credit unions participated in the roundtable to showcase their financial education initiatives. Atomic Credit Union President/CEO Thomas Griffiths highlighted the $847 million, Piketon, Ohio-based institution's student-run credit union program operating in more than 100 schools across southern Ohio. Meanwhile, SchoolsFirst Federal Credit Union CEO Bill Cheney discussed the $36.7 billion, Tustin, Calif.-based credit union's school presentations, financial simulations and online learning resources that reached more than 36,000 students and adults over the past year.
Participants also discussed digital tools, gaming and experiential learning programs designed to improve access to trusted financial guidance.
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