CUNA
  • Advocacy
    • Priorities we’re fighting for
    • Actions you can take
  • News
  • Learn
  • Compliance
  • Shop
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • COVID-19
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Contact
Learn More about Member Value

News

Member Benefits
Learn more
Learn more about the benefits of membership.
Home » Enhance BCFP w/ transparent and consistent enforcement
Press

Enhance BCFP w/ transparent and consistent enforcement

July 9, 2018

FOR IMMEDIATE RELEASE      

CONTACT: Lauren Williams – CUNA Communications; (202) 626-7642; lwilliams@cuna.coop

Washington, DC (July 9, 2018) – America's credit unions and the Bureau of Consumer Financial Protection share a common mission to build a strong foundation for consumer health through financial education. Credit Union National Association (CUNA) encourages the Bureau to utilize financial education programs that help guide consumer behavior.  

One recommendation CUNA presented to the Bureau is partnering with the National Credit Union Foundation (the Foundation) in its consumer education efforts.  

"Consumer education is proactive, not reactive, and should be the default for the Bureau when addressing issues with consumer financial services or industry practices. More can and should be accomplished with the Bureau’s consumer financial education efforts," the letter reads. "Indeed, CUNA and the Foundation are both able and willing partners in consumer education initiatives implemented by the Bureau."  

CUNA lists several demonstrated programs from the Foundation to support financial well-being, literacy and outreach:  

  • Various programs to promote the credit union difference and establish financial education within communities 
  • Resources and grant opportunities for credit unions to help build financial capability among members 
  • Financial health conference for credit unions for the past three years, focusing on how credit unions can measure their members’ financial well-being and how credit unions can effectively operationalize member financial health. 
  • Ongoing research to identify specific products that credit unions should consider offering to improve financial health of credit union members when it comes to saving, spending, borrowing, and overall financial planning 
  • Credit union staff training as front-line financial counselors and educators through the Enhanced FiCEP Program 
  • Emmy-award winning educational children’s program, Biz Kid$, which teaches young adults about finances and entrepreneurship.  

###    

About CUNA      

Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 110 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org.

Credit Union Magazine - Spring 2021

Spring 2021

Credit Union Magazine’s Spring 2021 edition features CUNA's 2021 advocacy agenda, strategic planning guidance, and labor market insights.
Digital Edition •  Subscribe

Trending

  • ‘More listening and less attacking’

  • Movement must focus on financial well-being for all

  • Why DEI matters to credit unions

Tweets by CUNA_News

Polls

Who should be the 2021 Credit Union Hero of the Year?

View Results
More

Champion of America’s Credit Unions

Credit Union National Association is the only national association that advocates on behalf of all of America’s credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • About
  • Careers
  • Contact Us
  • Recommended Websites
  • Privacy Policy

Resources for

  • CUNA Board Members
  • Credit Union Advocates
  • Leagues
  • Press
  • Vendors