ALEXANDRIA, Va. (9/12/14)--The National Credit Union Administration has announced a new alliance in the effort to increase the financial literacy of the American public.
The agency said Thursday that it will team up with the AARP to work on a series of initiatives to promote financial education and outreach. The intention is to help consumers achieve financial security and increase access to responsible and affordable financial services.
According to the NCUA, joint activities will include sharing financial education tools and resources, co-hosting events in communities and online and participating in working groups with one another and other organizations.
The two organizations have signed a memorandum of understanding outlining a two-year plan for initiatives that will cover consumer-friendly financial services, anti-fraud efforts, entrepreneurship and financial literacy, among others.
"Promoting financial literacy is an important goal for NCUA and one of the core missions of federally insured credit unions," NCUA Chair Debbie Matz said. "There are many areas where AARP and NCUA can work together to strengthen the financial health of Americans of all ages."
According to the NCUA, activities will include, but are not limited to, sharing of financial education tools and resources, co-hosting events in communities and online and participating in working groups with one another and with other organizations.
The NCUA participated in the AARP's Ideas@50+ event in San Diego last week, providing informational material to hundreds in attendance about credit union services, share insurance coverage, elder financial abuse and the agency's financial literacy resources.
The agency currently offers financial education materials geared toward all populations at its MyCreditUnion.gov website.
Use the resource link below to access previous News Now coverage of the NCUA's financial literacy programs.