COLUMBUS, Ohio (3/20/09)--Not only do Ohio credit unions provide financial products and service to members, they also strive to improve people’s lives, according to the Ohio Credit Union League’s 2008 outreach survey (eLumination Newsletter
March 18). The survey revealed:
* Two out of three Ohio credit unions provide free financial education in their communities, primarily to adults (57%), high school students (45%), and elementary students (37%); * Roughly only 20% offer financial education to college students; * The top four topics taught were budgeting (58%), checking and savings basics (48%), identity theft (47%), and credit concepts (45%); and * About 67% of Ohio’s credit unions incorporate the movement’s social mission into their strategic planning processes, and 39% offer special savings and alternative loan programs.
The report will be used as an advocacy tool to strengthen legislative, media and regulatory initiatives that impact credit unions, said the league. The results were mailed to all Ohio credit unions. For more information, use the link.