WASHINGTON (3/2/15)--Credit unions welcome the designation of March 1-7 as National Consumer Protection Week (NCPW) as a way to highlight resources available to help consumers manage their money, handle credit and debt, stay safe online and avoid identity theft, said CUNA President/CEO Jim Nussle.
"The idea behind NCP Week dovetails with what credit unions do every day for their members. We make reliable and affordable financial services and products available to all Americans," Nussle pointed out.
"Financial education is a key component to consumer protections in the financial arena--and it is a priority of the credit union movement," Nussle noted.
He pointed to such programs as CUNA's Googolplex, the youth financial education resource; Home & Family Finance Resource Center; Biz Kid$, the Emmy Award-winning and credit union-funded public television series that teaches kids about money management; and free financial education and training for members as just a few of the options available to consumers thanks to credit unions.
The week's theme, he said, also underscores the need for CUNA-advocated improvements in merchant data security standards to keep consumers' personal information secure.
"If consumers are truly to be protected, merchants must be held to the same high data protection standards as are credit unions and other financial institutions," Nussle emphasized.