WASHINGTON (4/15/11)--National Credit Union Youth Week, which starts on Sunday and runs through the 23rd, is one of many ways that non-profits and other groups work “to protect consumers and prepare our children to prosper in today’s sophisticated marketplace,” Rep. Judy Biggert (R-Ill.) said in a Thursday statement delivered on the House floor.
The legislator in her statement also noted that National Credit Union Youth Week “focuses on teaching young Americans about the benefits of setting goals and saving to reach them.” Credit unions and leagues nationwide are preparing special activities for National Credit Union Youth Week. (See related story: CUs prepared for National CU Youth Week) Biggert spoke to recognize April as Financial Literacy Month. The National Credit Union Administration (NCUA) chose Financial Literacy Month to kick off its new Financial Education and Financial Literacy Initiative, a technical assistance grant (TAG) project that will aim to "improve financial literacy among the general population, particularly students." NCUA Chairman Debbie Matz this week said that the NCUA “is dedicated to giving students everywhere the opportunity to gain financial skills.” Grants provided through the initative will “facilitate credit union efforts to ensure that today’s teenagers develop the ability to make smart financial decisions,” she said. The NCUA initiative will make $200,000 in grants available to credit unions that take part in programs related to in-school financial counseling, first-time homebuyer counseling, online financial literacy efforts, and other financial literacy projects. (See related April 7 story: Education, fin lit initiatives will get CDRLF boost) “This initiative invests in our future,” Matz added.