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10/30/2015 - NCUA

WHAT WE DO

The National Credit Union Administration (NCUA) is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 101 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At MyCreditUnion.gov and Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.

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WHAT WE OFFER

Under the Federal Credit Union Act, promoting financial literacy is a core credit union mission. While credit unions serve the needs of their members and promote financial literacy within the communities they serve, NCUA works to reinforce credit union efforts, raise consumer awareness and increase access to credit union services. NCUA also participates in national financial literacy initiatives, including the Financial Literacy and Education Commission, an interagency group created by Congress to improve the nation’s financial literacy and education.

  • MyCreditUnion.gov is the NCUA official financial consumer protection website. This free consumer website, and its financial literacy microsite Pocket Cents, offers various educational information and personal finance articles designed to help individuals make smarter financial decisions. The website also explains how credit unions work, where to find a credit union to join, and even how to start a credit union.
  • Pocket Cents features the personal finance game called “Hit the Road.” A fun and interactive game that was developed for teaching young people money management skills in the classroom and at home. “Hit the Road” takes students on a virtual road trip where they encounter challenges, learn how to save, and spend money wisely along the way. 
  • NCUA Consumer Report is a video series designed to engage and empower consumers to make better financial decisions. Topics include wealth building, understanding payday loans, how to avoid frauds and scams, and how savings are federally insured. The videos are available through MyCreditUnion.gov and NCUA’s official YouTube channel.
  • NCUA’s official consumer Twitter feed @MyCUgov features daily personal finance information designed to help individuals make better choices with their money.

To promote the financial well-being of credit union members and consumers nationwide, NCUA encourages credit unions, their member-owners, consumers, nonprofits, local governments and others to share and use NCUA’s free financial literacy resources through MyCreditUnion.gov.

Visit MyCreditUnion.gov to learn more about NCUA’s financial literacy resources or contact NCUA’s Office of Consumer Protection.

WHAT’S NEW?

On Oct. 15, in recognition of International Credit Union Day, NCUA launched the “World of Cents,” a new online interactive financial education tool.

“World of Cents” provides a fun and engaging opportunity for children to learn the concepts of earning, saving and spending money while building their very own magical world full of whimsical playhouses. The gameplay experience touches on the important building blocks for making smart financial decisions, such as math skills, good savings habits and financial literacy.  “World of Cents” utilizes coin value recognition to demonstrate how to save and manage money. Users even have the option of viewing their world in 4D.

The game is available in the App Store and Google Play, or accessible in a web-based version.

 

CLEARINGHOUSE RESOURCES

CONTACT INFORMATION

Ken Worthey, Jr.
Financial Literacy and Outreach Analyst
Office of Consumer Protection
National Credit Union Administration
703-518-1164
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