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News Now

Washington
NCUA part of federal fin. ed underbanked effort
WASHINGTON (11/12/10)--The National Credit Union Administration (NCUA) on Wednesday announced that it will join the Federal Deposit Insurance Corporation (FDIC) and the U.S. Department of Education in a joint effort to “promote financial education, financial access, and asset building among students and families.” NCUA Chairman Debbie Matz will join U.S. Secretary of Education Arne Duncan and FDIC Chairwoman Sheila Bair as they meet with students at Alexandria, Va.’s T.C. Williams High School on Monday. The agencies in a release said that “the goal of the partnership is to help more students learn the basics of handling their finances appropriately and develop habits that lead to strong financial futures, including saving.” “The partnership encourages financial institutions, schools, and other stakeholders to work together to support youth financial education and to provide students and families with access to safe, affordable, and appropriate accounts at federally-insured banks and credit unions,” the release added. For the full release, use the resource link.
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