MADISON, Wis. (4/1/13)--Financial literacy is no April Fool's joke. Credit unions are taking this week's kickoff of National Financial Literacy Month seriously, with activities aimed at educating about finances and reemphasizing the value of credit unions.
One of the first events, Financially Fit Day, will occur Wednesday, when credit unions can raise funds to support financial education. Credit unions can raise funds Wednesday and/ or throughout the month, said the National Credit Union Foundation. The initiative is part of NCUF's "Credit Unions Support Financial Education: Leading the Way to Financial Freedom" campaign. Credit unions will find ideas for activities in a toolkit at the campaign website.
"Holding a casual day on Wednesday is a simple way for credit union organizations to make an impact on state and national financial education efforts," said NCUF Director of Communications Christopher Morris.
Credit unions also will be participating in two annual national efforts sponsored by the Credit Union National Association: National Credit Union Youth Week, April 21-27, and the National Youth Saving Challenge.
Slip on a mustache for the "Savings Sleuth--Solve the Mystery" theme and help youth solve the mystery of how to save for meaningful purchases. The challenge prompts savings habits in youth and rewards 10 participants with cash prizes. CUNA's resources include campaign materials such as financial education content, items to reward young members and apparel for credit union staff.
Maine credit unions will offer four Financial Fitness-Money Management Experience events this week. "In four days, nearly 1,000 students will participate in one of the fairs, which is unprecedented," said Jon Paradise, governmental and public affairs manager at the Maine Credit Union League. The fairs and hosts are:
Illinois Gov. Pat Quinn signed a proclamation declaring April 20-27 as Money Smart Week. The Rockford Chapter of Credit Unions (RACCU) has expanded its annual Money Smart Week (MSW), which it sponsored for five years, into the Northern Illinois Money Smart Week, April 20-27.
It will "reach people of all ages and walks of life with financial education and literacy in more northern Illinois counties, including Boone, Carroll, DeKalb, Lee, Ogle, Stephenson and Winnebago, " said Lorna Cole, MSW marketing committee co-chair and director of marketing for Rockford-based MembersAlliance CU.
This year's MSW has more than 100 local partner organizations--20% more than last year--and will offer more than 160 free educational classes. Last year at least 5,400 people attended classes. Sessions by RACCU and its credit unions include: