Simpson: Improving financial capability is purpose of credit union system
The system of cooperative finance helps improve Americans’ financial capability every single day, but April’s National Financial Capability Month provides a specific opportunity to recognize and enhance the life-changing power of the credit union difference. Writing in CUInsight Tuesday, America’s Credit Unions President/CEO Scott Simpson highlighted the credit union movement’s impact.
“Credit unions succeed when their members succeed. We’re on the same team, working together toward the same objective of improving financial capability. And this commitment goes beyond the credit union and member relationship: We see it in the cooperative actions we take as America’s Credit Unions, throughout the League System, and with other system partners and organizations,” he wrote. “This means improving financial capability is not just our Association’s mission, it is a system-wide goal.”
He highlighted several recent America’s Credit Unions blog posts showing ways credit unions have uniquely tailored services to increase the financial capability of members and communities.
Credit unions continue to improve financial capability and focus on advancing policy priorities to improve their operating environment, Simpson said.
America’s Credit Unions filed comments with the Treasury’s Financial Literacy and Education Commission earlier this week as the commission prepared to make statutorily required updates to the National Strategy for Financial Literacy.
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