Tap into NCUA’s online resources during National Consumer Protection Week
ALEXANDRIA, VA (March 7, 2016) — National Credit Union Administration Board Chairman Debbie Matz reminded credit unions during National Consumer Protection Week to share the agency’s online consumer resources to educate their members about protecting their identities and finances.
“Knowledge is power, and financial education is the first line of defense a consumer has against a fraudster,” Matz said. “National Consumer Protection Week is the perfect time for credit unions to educate their members about keeping their finances safe. Our consumer and financial literacy sites have a wealth of information to help consumers stay a step ahead.”
NCUA’s consumer Twitter feed, @MyCUgov, will feature tips during the week on how to become a smarter consumer.
NCUA’s recently launched Fraud Prevention Center demonstrates the agency’s commitment to helping consumers learn about fraud prevention, identity theft and online security. NCUA’s consumer website MyCreditUnion.gov and financial literacy site Pocket Cents provide consumers with timely and practical financial tips, interactive learning tools and financial calculators. Topics include fraud prevention, cyber security, understanding a credit card statement, reading financial disclosures and calculating share insurance coverage.
Credit unions and consumers can also find consumer protection and personal finance information and resources in Spanish on espanol.MyCreditUnion.gov.
National Consumer Protection Week, which runs through March 12, is a coordinated campaign that encourages consumers nationwide to learn how to protect themselves from fraud and scams. NCUA is part of a group of federal and state regulators, the U.S. Department of Justice, state attorneys general and consumer advocacy organizations supporting the event.
Under the Federal Credit Union Act, promoting financial literacy is a core credit union mission. While credit unions serve the needs of their members and promote financial literacy within the communities they serve, NCUA works to reinforce credit union efforts, raise consumer awareness and increase access to credit union services. NCUA also participates in national financial literacy initiatives, including the Financial Literacy and Education Commission, an interagency group created by Congress to improve the nation’s financial literacy and education.
About National Credit Union Administration (NCUA)
The 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 United States, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 135 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. The NCUA also protects consumers and educates the public on consumer protection and financial literacy issues.