Newsroom
America Saves Week: Franklin Mint sets children up for financial success
As part of America Saves Week, NAFCU is highlighting the efforts of member credit unions with strong financial education programs that encourage members to save and strengthen their personal finances. Today, see how Franklin Mint Federal Credit Union (Chadds Ford, Pa.) is preparing younger generations to successfully handle finances.
FMFCU supports education and financial literacy through The Berenstain Bears Financial Literacy Program. Developed exclusively by FMFCU in coordination with The Berenstain Bears writers, FMFCU took its commitment to financial literacy nationwide as it established the Credit Union Network for Financial Literacy to allow credit unions around the country to offer the program.
The Berenstain Bears Financial Literacy Program encourages an early introduction into financial literacy by teaching age-appropriate money management concepts and using hands-on learning activities to share the benefits of credit union membership and good financial decision making with children aged 5-12.
FMFCU in 2013 established Bear Country Credit Union and provides financial assistance for school field trips to the financial literacy center; thousands of students visit every year. In addition, FMFCU certified educators visit schools to help teachers educate students on the "Save, Share, Spend, Earn" concept. After completing the lesson, students visit FMFCU and Bear Country Credit Union – a 1,100 square foot interactive financial literacy center – to learn more with a hands-on experience about credit unions and money management.
FMFCU Foundation also helped bring writer Mike Berenstain to a local elementary school to unveil and read a new book – "The Berenstain Bears Visit the Credit Union" – in 2015.
In addition to The Berenstain Bears Financial Literacy Program, FMFCU offers several other outreach programs, awards, and grants to support members and its community. Learn more here.
NAFCU has pledged to promote financial literacy and ensure credit unions' members can reach their financial goals by working closely with credit unions, lawmakers and regulators. See NAFCU's resources. Many credit unions offer services to help members reach their financial goals (see how Summit Credit Union is also promoting financial literacy); NCUA has resources available to both credit unions and members and the CFPB has additional consumer financial literacy resources available.
The America Saves Week program features a specific theme each day that aims to drive social conversations and public awareness. Today's theme is "Save for the Unexpected"; engage in the conversation with #Save4TheUnexpected and #ASW2020.
Share This
Related Resources
Add to Calendar 2024-06-26 14:00:00 2024-06-26 14:00:00 Gallagher Executive Compensation and Benefits Survey About the Webinar The webinar will share trends in executive pay increases, annual bonuses, and nonqualified benefit plans. Learn how to use the data charts as well as make this data actionable in order to improve your retention strategy. You’ll hear directly from the survey project manager on how to maximize the data points to gain a competitive edge in the market. Key findings on: Total compensation by asset size Nonqualified benefit plans Bonus targets and metrics Prerequisites Demographics Board expenses Watch On-Demand Web NAFCU digital@nafcu.org America/New_York public
Gallagher Executive Compensation and Benefits Survey
preferred partner
Gallagher
Webinar
Add to Calendar 2024-06-21 09:00:00 2024-06-21 09:00:00 2024 Mid-Year Fraud Review Listen On: Key Takeaways: [01:16] Check fraud continues to be rampant across the country. Card fraud is affecting everyone. [04:31] Counterfeit US passport cards are just another new toolbox in the bad actors’ toolbox. [07:21] Blocking the fallback is the only way to defeat counterfeit cards. [11:17] The best way is constant education to your members in as many channels as you can. [13:02] We are still seeing overdraft lawsuits. Make sure the programming you have at your credit union matches what you have displayed for the members. Web NAFCU digital@nafcu.org America/New_York public
2024 Mid-Year Fraud Review
Strategy & Growth, Consumer Lending
preferred partner
Allied Solutions
Podcast
Add to Calendar 2024-06-21 09:00:00 2024-06-21 09:00:00 The Evolving Role of the CISO in Credit Unions Listen On: Key Takeaways: [01:30] Being able to properly implement risk management decisions, especially in the cyber age we live in, is incredibly important so CISOs have a lot of challenges here. [02:27] Having a leader who can really communicate cyber risks and understand how ready that institution is to deal with cyber events is incredibly important. [05:36] We need to be talking about risk openly. We need to be documenting and really understanding what remediating risk looks like and how you do that strategically. [16:38] Governance, risk, compliance, and adherence to regulatory controls are all being looked at much more closely. You are also seeing other technology that is coming into the fold directly responsible for helping CISOs navigate those waters. [18:28] The reaction from the governing bodies is directly related to the needs of the position. They’re trying to help make sure that we are positioned in a way that gets us the most possibility of success, maturing our postures and protecting the institutions. Web NAFCU digital@nafcu.org America/New_York public
The Evolving Role of the CISO in Credit Unions
preferred partner
DefenseStorm
Podcast
Get daily updates.
Subscribe to NAFCU today.