Press
NCUA Offers New Online Financial Literacy Resources for Consumers of All Ages
New Financial Education Game Also Makes Learning Fun for Younger Savers
ALEXANDRIA, Va. (April 2, 2013) – Consumers now have more online information from the National Credit Union Administration (NCUA) to help them make better financial decisions, including a new financial education tool for youngsters.
“NCUA is deeply committed to promoting financial literacy and educating consumers of all ages to make better choices. I encourage consumers and credit unions to take advantage of the wealth of new financial education data we have made available this week,” NCUA Board Chairman Debbie Matz said. “And I think young people will enjoy the new game, which lets them practice earning and spending money in a real-world situation.”
NCUA has added more than two dozen news pages to the consumer website MyCreditUnion.gov and the financial literacy microsite Pocket Cents. The new pages include easy-to-use personal finance information for parents, seniors, students, educators and service members. Specific topics include the cost of education, homeownership and mortgages, preparing for retirement, managing debt, online financial security, and planning for emergencies and the unexpected.
For young people, the Pocket Cents site also has a new financial education tool, called “Pocket Cents,” which takes users on a cross-country trip to Colorado. Along the way, they earn money, spend money and keep track of their credit union accounts. “Hit the Road” teaches financial basics in an engaging and easy-to-play format that simulates a familiar, real-life situation. Credit unions can link to this educational resource on their websites to further financial literacy.
MyCreditUnion.gov visitors can also connect with NCUA’s new consumer Twitter feed, @MyCUgov, which features timely personal finance tips to help individuals make smarter financial decisions.
NCUA unveiled these new features as part of the agency’s participation in National Financial Literacy Month.
NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the U.S. Government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of nearly 94 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.
–NCUA–