April is National Financial Capability Month.
As a central credit union tenant, members’ financial health is at the forefront of everything in the movement. See how credit unions across the country are improving members’ financial lives through financial education.
The YMCA of Metropolitan Los Angeles and SCE Federal Credit Union in Irwindale, Calif., agreed to a five-year partnership in which the $1.1 billion asset credit union made a $1 million, five-year investment into YMCA-LA and the communities they serve.
The partnership includes financial education programs, resources, and benefits to improve the financial health of individuals, families, and communities across Los Angeles County.
To celebrate the partnership, SCE Federal presented YMCA-LA executive leadership with a $1 million check during a March 21 community event at the Weingart East LA YMCA. The credit union also held a financial education workshop to provide community members with the tools and resources to be financially secure.
SCE Federal President/CEO Jennifer Oliver reaffirmed the credit union’s commitment to financial education, adding that the partnership will also include opportunities for volunteerism, mentorship, marketing, and community event participation.
“This partnership is the perfect representation of our mission and goals in action, and we are thrilled to bring our services to such a storied organization in our community,” she says.
Red River Credit Union’s new partnership with Texas A&M University-Texarkana aims to empower members through educational opportunities. Through this collaboration, members of the $1.4 billion asset credit union in Texarkana, Texas, will have access to an exclusive tuition discount program, providing significant benefits for those pursuing higher education at the university.
Red River members who enroll at the institution will receive a 25% tuition discount for classroom courses, easing the financial burden associated with pursuing a college degree. Additionally, members will enjoy their first class free.
“We’re proud to partner with Texas A&M University-Texarkana in offering this incredible opportunity to our members," says Red River CEO Brad Bailey. "Education is the cornerstone of personal and professional growth. Through this partnership, we aim to support our members in their pursuit of academic excellence while easing the financial strain often associated with higher education.”
As part of its commitment to empower members to take ownership of their financial journeys, $410 million asset Signal Financial Federal Credit Union in Kensington, Md., is celebrating National Financial Capability Month with these events:
Signal Financial will also use its social media channels to share financial tips, resources, and tools to help individuals better understand their finances and plan for the future.
SAFE Credit Union’s financial education team is offering a series of free webinars focused on helping consumers better manage their budgets and keep their financial information safe.
“We look forward to sharing tips and information on how to better build one’s financial freedom during Financial Capability Month,” says Hector Madueno, financial wellness manager at the $4.7 billion asset credit union in Folsom, Calif. “These webinars are especially accessible and informative.”
SAFE’s other offerings during April include Budget Cents workshops for high schoolers, an online Financial Education Tool Kit, and financial tips on the credit union’s Facebook and Instagram pages.
Other ways credit unions improve members’ financial lives: