The NFEC Takes Part in the NCUA Outreach Panel to Share Best Practices of Credit Union Financial Literacy Programs

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The National Financial Educators Council presents information to National Credit Union Administration members to share best practices of credit union financial literacy programs.

The National Financial Educators Council took part in the National Credit Union Administration outreach panel designed to educate credit union representatives from over one hundred organizations how to develop a financial literacy program tailored to the low and moderate income community. The objective of the presentation was to assist the development of credit union financial literacy initiatives.

The presentation focused on helping credit unions develop comprehensive and sustainable financial education initiatives. The NFEC promotes a "holistic campaign" approach to credit union financial literacy programs that engage the targeted demographic and inspire participants to take positive action toward their personal finances while leveraging financial literacy initiatives to align with the credit union’s overall organizational goal, including: client acquisition, cross-selling, improving usage, connecting with members and garnering positive media attention. The overall goals are to help credit unions produce measurable changes in the personal financial knowledge of their members while helping credit unions meet their organizational objectives.

Speaking on behalf of the NFEC was Vince Shorb, former Program Director and now Chief Marketing Officer. Mr. Shorb has been instrumental in developing comprehensive financial education outreach initiatives for the Salvation Army Dallas, National Veterans Foundation and a statewide financial literacy initiative – Financial EduNation - for Penn State. He is also the founder of Money XLive a high-profile celebrity financial education event which served 3,000 youth over three events.

The National Credit Union Administration is an independent federal agency that regulates and supervises federal credit unions. The NCUA insures the deposits of over 90 million account holders in all federal credit unions. The NCUA also provides educational seminars to its members to help them serve their community. “The NFEC commends the National Credit Union Administration for their dedication to providing educational workshops that help members learn the most effective ways to plan, design and deliver comprehensive financial literacy initiatives,” states Cecile Abad of the NFEC.

All event attendees received the NFEC's Financial Education for Credit Unions Whitepaper. This complimentary guide is available for any credit union organization that is interested in developing a sustainable and comprehensive personal finance initiative.

The NFEC’s mission is to create a world where people are financially capable to make sound financial decisions that improve their lives and the lives of people they influence around the globe. The NFEC develops comprehensive credit union financial literacy programs to assist them in meeting organizational objectives as they educate those they serve.

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Cecile Abad
National Financial Educators Council
714.960.4665 7000
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