The NCUA has partnered with the Federal Deposit Insurance Corporation (FDIC) to promote the financial capability of young people (ages 16-24) across the country through a webinar series titled “Account Access and Financial Education for Youth Participating in Employment Programs.” In this series, community stakeholders share and promote best practices on establishing good financial habits by using young people’s first paycheck experience to integrate them into banking, saving, and credit building.
The latest webinar in the series contained a panel of students who shared their financial experiences, insight on youth challenges, and solutions involving financial literacy, creative partnerships, and technology.
FINANCIAL LITERACY RESOURCES
The NCUA has a variety of resources on MyCreditUnion.gov to help not only credit unions and their members, but also consumers, community partners, teachers, and students.
MyCreditUnion.gov is the NCUA’s official consumer financial protection website. This free consumer website provides timely and practical financial tips, interactive learning tools, fraud prevention, and financial resources relevant to various life events, like starting a first job, opening a savings or checking account, and obtaining a loan.
Featured resources on MyCreditUnion.gov include:
Online Learning Tools
- “World of Cents” is an engaging learning tool designed to help teach children ages 5 to 10 the value of money. While building their very own world full of playhouses, children learn the concepts of earning, saving, and spending money. Users even have the option of viewing their world in 4D. The learning tool is available in the App Store and online.
- “Hit the Road” is an interactive learning tool developed for teaching money management skills to young people ages 10 to 15. “Hit the Road” takes students on a virtual road trip where they encounter challenges and learn how to save and spend money wisely along the way.
- Empowering Youth to Save is an infographic that provides young people, educators, parents, and caregivers with valuable information about starting good personal finance habits in early childhood. This factor can lead to long-term personal financial success. The infographic also includes links to resources from the NCUA and other federal agencies that help support youth savings habits.
- What is a Credit Union? s an infographic that provides an easy and interactive way for people of all ages to understand how and why credit unions operate as member-owned, not-for-profit, financial cooperatives. The infographic also highlights the differences between credit unions and banks.
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