Development issue spotlight on education

This is the fourth of the 12-part series on our blog highlighting the 12 major development issues.  In case you missed it, last month we discussed employment and income generation, which can be found here.  This month we are focusing on education.

Education is deeply rooted in the heart and soul of credit unions; it’s even part of the 7 Cooperative Principles.  The principle of education refers to credit union’s responsibilities to educate, train and provide information to help improve the financial lives of members and those in the community.

Unfortunately, education is not something that is available around the world.  This is due to many factors, such as a lack of facilities, teachers, funds, and more.  Education, especially financial education, has many benefits to society as a whole -which is why it’s so important for credit unions.

As credit union professionals, we are tasked to actively promote the education of their members, officers, and employees along with the public in general.  April is National Financial Literacy month, providing the perfect time to focus on ways that we as credit union practitioners can build the financial capability of members and communities.

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