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News Now

CU System
Day 2 and Fin. Lit. Month already in full swing
MADISON, Wis. (4/2/14)--Wearing jeans or noshing on a cupcake? Congratulations for doing your part to support Financial Fitness Day today--only one of many events planned for National Financial Literacy Month.
 
The National Credit Union Foundation challenged credit unions to take part in Financial Fitness Day, which is dedicated to helping members get their financial health in shape. The funds raised during today's campaign will support financial education initiatives at the national and state level.
 
Youth financial literacy--particularly the Jump$tart Coalition--was noted by Pennsylvania Gov. Tom Corbett as he officially proclaimed April as Financial Education Month (Life is a Highway April 1). His proclamation also recognized the work Pennsylvania credit unions do to support financial education and National Credit Union Youth Week.
 
The Pennsylvania Credit Union Association hosted a Jump$tart Coalition meeting Monday that included a presentation from State Rep. Mark Longietti (D-Mercer) about House Bill 1839, a bi-partisan effort to require a capstone, stand-alone course in personal finance as a graduation requirement for all Pennsylvania students.
 
The Credit Union League of Connecticut said its Financial Reality Fair season is well under way with recent events at the University of Connecticut's Stamford campus and Central Connecticut State University, New Britain (Weekly Update April 1). In Connecticut alone, the fairs will reach more than 2,000 high school students.
 
Through the end of April, 1st Financial FCU, Wentzville, Mo., will provide free credit score counseling, credit history review and credit rehabilitation to its members.  "Many of the people I meet don't know what is available in their credit report. Most are unsure who they can trust with fixing their credit," said Nancy Tate, lead financial service representative at the $194 million-asset credit union (Missouri Difference March 23).
 
Credit unions are using Facebook and Twitter (#FinancialLiteracyMonth) to invite consumers to come in and learn about getting their finances in order or to lead them to resources such as Smart about Money from the National Endowment for Financial Education. New Castle (Del.) County School Employees FCU started off the month by sharing 10 tips to cut spending on its Facebook page.
 
The Kansas Credit Union Association, for instance, shared an interview from KAKE-TV's "Moms Everyday." Kristin Smet, youth and education coordinator at Credit Union of America, Wichita, Kan., explained how financial literacy affects all age groups. During Tuesday's segment, host Rachel Phillips noted that "credit unions are really special" for their education efforts throughout the community.
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