Minnesota credit unions highlight financial education during Financial Capability Month

ST. PAUL, MN (May 2, 2014) — Throughout Financial Capability Month in April — as proclaimed by Minnesota Gov. Mark Dayton — the Minnesota Credit Union Network (MnCUN) and credit unions around the state held events and showcased their year-round efforts to provide financial education to credit union members and communities. “Credit unions have a positive track record in Minnesota communities on financial literacy, thanks to persistent efforts to educate and equip people to live in a fiscally-responsible manner,” said MnCUN President & CEO Mark D. Cummins. According to a 2013 survey of Minnesota credit unions, 90 percent provide financial services, programs or tools to members under the age of 18. “Credit unions are proud to offer their skills and expertise to improve consumers’ knowledge of personal finance and to help create a stronger financial future for the state of Minnesota,” Cummins said. Minnesota also ranks highly in many indicators related to personal finance, as outlined in an infographic. Recent consumer studies confirm that Minnesotans rank higher in personal savings, retirement planning and other key areas of personal financial health, when compared with results in other states. READ MORE:

ST. PAUL, Minn. – United Educators Credit Union (UECU) and Aquila Elementary School welcomed Minnesota Department of Commerce Commissioner Mike Rothman, Deputy Commissioner Shane Deal and University of Minnesota Extension Educator Mary Jo Kartras to the school on Monday, April 21. The state and university officials visited Aquila Elementary to celebrate Financial Literacy Month and the release of “It’s Never Too Early to Start,” a guide that focuses on how parents and teachers can use children’s literature to teach financial literacy skills. During the visit, Commissioner Rothman read the book “Alexander, Who Used to Be Rich on Sunday,” by Judith Viorst, to nearly 100 second-grade students. Deputy Commissioner Deal read “Start Saving, Henry,” by Nancy Carlson. Both books help teach children the importance of managing their money wisely. “Teaching kids money management skills at an early age helps set the stage for future financial success,” said Commissioner Rothman. “An important part of my job is to get out into the schools and teach children the importance of managing their money wisely.” READ MORE:

ST. CLOUD, Minn. – via WJON: A group of financial experts gathered at the Great River Regional Library on Thursday, April 10, to discuss financial education. The panel of experts included members of the Minnesota Credit Union Network (MnCUN) and St. Cloud State University. MnCUN President & CEO Mark D. Cummins said their goal is to help people reach their financial goals. “As credit unions our mission is to help people,” Cummins said. St. Cloud State University Economics Professor King Banaian was also among the day’s speakers. He emphasized the importance of teaching children about financial education early. “We believe that if you educate kids about financial literacy, they will talk to their parents about it and their parents will learn things too,” Banaian said. The event took place as part of Financial Literacy Month, a time when credit unions showcase their year-round financial literacy efforts. FULL STORY & VIDEO:

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