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CU System
NCUF makes 19 fin-ed grants for 2012
MADISON, Wis. (10/12/11)--The National Credit Union Foundation (NCUF) has approved 19 financial education grants for 2012, totaling $287,387. About 34% of consumers gave themselves a grade of C, D or F in personal finance skills, according to last year’s Financial Literacy Survey of adults from the National Foundation for Credit Counseling Inc. About 78% agree that they would benefit from advice and answers to everyday financial questions from a professional, and nearly one-third (31%) strongly agree. “The need for financial education is still critical in America,” said Tom Candell, NCUF deputy executive director/chief operating officer/chief financial officer. “This is the second year in a row that NCUF is focusing exclusively on financial education in our grants, which will ultimately help more people achieve financial freedom.” NCUF grants are made possible by supporters of the foundation and the Community Investment Fund, a system of investments that helps credit unions earn dividends while donating to national and state community development programs. To view a list of the grant awardees and their projects, use the link.
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