ALEXANDRIA, Va. (3/8/16)--Credit unions are stepping up in a big way for National Consumer Protection Week this week, starting from the industry’s prudential regulator all the way down to credit unions in their local communities. The National Credit Union Administration (NCUA) reminded credit unions this week that it has a number of resources for both consumers and institutions.
Each are designed to provide information include fraud prevention, cyber security, understanding a credit card statement, reading financial disclosures and calculating share insurance coverage, as well as to provide consumers with financial tips, interactive learning tools and financial calculators.
The NCUA also recently launched a Fraud Prevention Center.
National Consumer Protection Week is a coordinated campaign that encourages consumers nationwide to take full advantage of their consumer rights and make better-informed decisions.
On a local level, examples of credit unions getting involved with this week’s activities include: the Hawaii Credit Union League participating in a consumer education fair and Illinois Educators CU of Springfield, Ill., posting materials on scams and online safety.
The Federal Trade Commission, in its National Consumer Protection Week campaign, noted that choosing a credit union as their primary financial institution is one of the best personal financial decisions a consumer can make.