CUNA Personal Finance Initiative

Credit Unions' Reported Adult Financial Education Efforts

Venue and number of adults reached data from 30 credit unions, 2008-10.

document Summary

Preschool Financial Literacy Education: Lesson Models and Evaluation Framework

This document describes two model activities that illustrate the feasibility of conducting financial literacy education with preschool children and presents an evaluation framework that is appropriate for assessing the effectiveness of these activities.

document Research (Full Report)

2010 Year-End In-School Branch Summary

List of in-school credit union branches by state and type of school, as of December 31, 2010.

document Spreadsheet

2009 Year-End In-School Branch Summary

List of in-school credit union branches by state and type of school, as of December 31, 2009.

document Spreadsheet

The Financial Literacy of Individuals with Limited English

A lack of proficiency in English can create significant barriers to financial literacy and to conducting everyday financial affairs, particularly given the complexity of financial products and the language often used to describe them.

document GAO Report

Insights into Money Attitudes, Behaviors and Concerns of the Sandwich Generation

Adults in the "Sandwich Generation" face the simultaneous challenges of supporting children in their 20s and one or more parents while trying to plan for their own retirements (Charles Schwab 2010 Families & Money Survey).

document Survey

Summary and Assessment of National and International Financial Literacy Programs

Review of CUNA's Thrive by 5 preschool personal finance resource compared to six other U.S. and international programs.

document Research Report

Women of Color, Wealth, and America’s Future

"Wealth, not just income, is the key to ensuring economic security. And for every dollar of wealth owned by the typical white family, the typical family of color owns only 16 cents." (Insight Center for Community Economic Development, 2010)

document Study

Financial Literacy Programs Targeted on Pre-School Children: Development and Evaluation

"...financial literacy education is appropriate for young (preschool-aged) children." What can preschoolers understand about money? What have international and U.S. programs attempted to teach them?  It's all here.

document Research (Full Report)

2009 National Financial Capability Study

A report of how individuals manage their resources and how they make financial decisions. (FINRA Investor Education Foundation, 2009).

document Full Report

2009 National Financial Capability Study

A report of how individuals manage their resources and how they make financial decisions. (FINRA Investor Education Foundation, 2009).

document Executive Summary

Bank Accounts and Youth Financial Knowledge

This Federal Reserve Bank of San Francisco study examines the relationship between bank account ownership and student knowledge of personal finance.

document Study

Spendthrifts and Tightwads in Marriage

"These findings underscore the importance of studying the relationships between money, consumption, and happiness at an interpersonal level."

document Research

Confronting the Debt Culture

The swift growth and spread of the “anti-thrifts” has led to a two-tier institutional system that splits the country into an "investor class" and a "lottery class." (Report to the Nation from the Commission on Thrift)

document Report

How Undergraduate Students Use Credit Cards

National Study of Usage Rates and Trends (Sallie Mae 2009).

document Research Report

The Economic Effect of Cooperatives

A new report from the U.S. Dept. of Agriculture shows that more than 29,000 American cooperatives generate revenues of more than $654 billion and employ more than 2 million workers.

document Study

The 2009 MetLife Study of the American Dream

"With concern about job loss affecting the masses, Americans are putting a high premium on protection and stability--signaling a major change in the way that Americans think about creating and protecting their financial future."

document Survey

Changes in U.S. Family Finances from 2004 to 2007

The Survey of Consumer Finances for 2007 shows that since 2004 the median value of real (inflation-adjusted) family income before taxes was little changed. (Federal Reserve Board)

document Research Report

Top Ten Financial Literacy Research Questions

On October 6-7, 2008 in Washington, DC, experts assembled at the invitation of the U.S. Treasury Dept. and the U.S. Dept,. of Agriculture determined what we most need to know for effective financial education.

document Symposium Report

Strategic Plans for Financial Literacy

How well do credit unions incorporate financial literacy into their strategic plans, mission statements, and staff performance standards?

document CUNA Survey Part VI

What Keeps Credit Unions from Teaching Money Skills

Credit union operating margins are shrinking, so it is not surprising that many say they have neither the time nor the money to provide this service to members.

document CUNA Survey Part V

The Spectrum of Credit Union Financial Literacy Programs

Credit unions are known for providing financial literacy programs for their members, but do you serve your entire membership or are you ignoring important market segments?

document CUNA Survey Part IV

Members' Need for Financial Education

From new immigrants to dual-income households, from the uneducated to the well educated, the need for help in managing finances is never ending.

document CUNA Survey Part III

How Much Are Credit Unions Spending On Financial Education?

Credit unions are spending more on youth and adult financial education than they were two years ago, but is it enough?  One of two credit unions say no, and plan to spend more.

document CUNA Survey Part II

Financial Education: Do Credit Unions Practice What They Preach?

Are credit unions stepping up to the challenge of providing financial education to their members at all age levels, from cradle to grave?

document CUNA Survey Part I

2008 Parents and Money Survey

The views, behavior, and knowledge of spending, saving, borrowing, and earning money of American teenagers between the ages of 13-18, as seen through the eyes of their parents. (The Charles Schwab Corp.)

document Consumer Research

How much risk is acceptable?

"The financial crisis has sparked proposals to reform the retirement income system. One component of such a system could be a new tier of retirement accounts." (Center for Retirement Research, 2008)

document Research

A Look at the Financial State of Gen X and Gen Y

"Fewer than one in ten are highly satisfied with their current financial situations; even fewer feel they are financially secure." A new study from the American Savings Education Council and AARP.

document Survey Report

Still Working Hard, Still Falling Short

Statistics on low income, working families, including state-by-state data. (Working Poor Families Project, 2008)

document Research

What is Debt Stress Doing to Your Members?

Sure, your credit union is taking a beating during the Great Credit Crunch of 2008. But consider what economic uncertainty is doing to your members...

document Study

Long-Term Financial Literacy Plan

Steps to empower members, from CUNA\\\'s Financial Literacy Task Force.

document Recommendations

Fin-lit survey results 'disheartening'

The best-attended personal finance classes are those offered to a group that meets on its own anyway (free registration required).

discussion Blog Post

Financial Realities of Young Adults

Insight into the financial realities facing 18-34s and the financial education they need to meet the economic challenges of adulthood, hosted by the National Endowment for Financial Education.

document Symposium Report

How is Clutter Related to Personal Finance?

Unused items represent financial resources that could have been used in a more productive way (free registration required).

discussion Blog Post

Pew Releases Standards for Safe Credit Cards

The Pew Charitable Trusts’ Safe Credit Cards Project has released a set of standards designed to prevent deceptive and dangerous credit card practices and has called for legislation to outlaw them.

document Recommendations

Thrift Widget

What if your budget actively nudged you toward smarter spending? (Read how at CUNA's financial literacy web site. Registration is free.)

discussion Online Dialogue

Warm and Fuzzy Moment - from a Savings Challenge

Danielle Chatfield-Beres of MidState Educators Credit Union shares a member's success story from her credit union's 6-month Savings Challenge. (Read the tale at CUNA's financial literacy web site. Registration is free.)

discussion Online Dialogue

Who's asking for financial literacy? Kids? Adults? Not enough...

In the decade since it first became a national issue, financial literacy hasn't improved much. There's a huge supply of educational materials for all ages, but very little demand...(Register/log in--no charge)

discussion Online Dialogue

State of Financial Literacy

CUNA's Statement to the President’s Advisory Council on Financial Literacy.

document Comment

The Great Seduction

David Brooks says, "the most rampant decadence today is financial decadence, the trampling of decent norms about how to use and harness money." (NY Times)

document Opinion

Use of the Internet for professional purposes

Should sites such as MySpace, You Tube be accessible to you at work for professional use? (Requires free registration.)

discussion Network Discussion

This could be the start of something big...

I have high hopes for CUNA’s Personal Finance Initiative.

document Network Blog

What Does It Mean to Be Financially Literate?

Sure, you’ll know it when you see it, but that doesn’t mean it’s not worth trying to define.  (Requires free registration.)

discussion Network Discussion

America's Credit Unions: Financial Fitness Champions

Educating consumers will make them better members while making your credit union stronger.

document Financial Fitness

Report what you are doing

Components of a Social Media Policy

Credit unions should have guidelines in place to ensure that employees don’t also inadvertently harm their brand online. 

document Overview

40 youth, 15 new accounts, $5,600 saved

National Credit Union Youth Week was a magical success and "a blast for everyone who took part" at Oregon Community Credit Union. "...even though Youth Week is over, we can always teach children about saving, credit unions, personal finance..."

award 2009 Youth Week Success

School-Based Bank Savings Programs

Bankers collaborate with schools to provide financial education programs ranging from from "mini banks" that offer student savings accounts to career-oriented banker training (Comptroller of the Currency Administrator of National Banks).

document Guidelines

HSFPP Training

Scheduled training sessions for classroom teachers and guest instructors of the NEFE High School Financial Planning Program®. Register and log in to the Network.

posting Calendar

Reporting Recovery Act Fraud or Collusion

The Antitrust Division of the Dept. of Justice provides extensive resources to inform consumers about fraud and collusion and allow them to report possible antitrust violations associated with Recovery Act funding.

posting Resource

Report to the President

Charles Schwab and the members of the President's Advisory Council on Financial Literacy deliver the report of their first year of activity (large file).

document 2008 Annual Report

The President's Identity Theft Task Force Report

The President's Task Force on Identity Theft was established by Executive Order 13402 on May 10, 2006. President Bush called for a coordinated approach among government agencies to combat this crime. Here are the task force's recommendations.

document Recommendations

Hispanic Quick-Start KitTM

Serving the Hispanic market is consistent with credit union philosophy and consistent with good business practices.  Here's a step-by-step guide.

document Resource

Champions of Financial Literacy

A strategic plan to empower members, from the CUNA Financial Literacy Task Force.

document CUNA Report

2008 GAC Financial Literacy Breakout Session

PowerPoint from CUNA's Financial Literacy Task Force panel that spotlighted noteworthy examples of current credit union financial literacy efforts at this year's Governmental Affairs Conference. (large file)

posting Best Practices

Treasury Announces Community Financial Access Pilot

The Community Financial Access Pilot (CFAP) is an initiative of the U.S. Department of Treasury's Office of Financial Education, endorsed by the President's Advisory Council on Financial Literacy, designed to increase access to financial services and fi

document Government Initiative

FDIC Statement on Financial Literacy and Education

Robert W. Mooney: “I also will touch on a number of specific programs undertaken by the FDIC aimed at improving financial literacy and enabling individuals and families to build wealth.”

document Hearing Testimony

The Cure For the Common Consumer

Your members and the public at large are exposed every day to predatory lending. Consider this an opportunity.

document Opinion

2007 Louise Herring Award Winners

Three credit unions demonstrating credit union philosophy by educating members are featured at CUNA’s 2007 Governmental Affairs Conference.

award Recognition Program

TJX Breach Implications Widespread

One year after the largest credit and debit card data breach in history, credit unions lead in offering protection to members.

document News

"Only Credit Unions Were Born to Champion This Cause"

Guiding principles plus goals and objectives from CUNA's  2006 Financial Literacy Summit.

document Report

Fend Off Foreclosures, The Credit Union Way

Member education can forestall foreclosures and recapture mortgage loans.

document Financial Fitness

resources for youth resources for adults resources for the underserved