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McWatters promotes financial literacy

In the keynote speech at the Defense Credit Union’s Annual Conference in Williamsburg, Virginia, NCUA Chairman McWatters said, “Service members and their families face unique financial challenges, whether serving on active duty, returning to civilian life, or living as a veteran,” McWatters also said, “A strong foundation of personal finance knowledge, knowing how to save and create a budget, and understanding the value and importance of money, is essential in today’s rapidly evolving financial marketplace. Not only does it affect an individual’s financial well-being, it also has implications for the economic well-being of the nation and, in the case of service members, our military’s readiness.” He also noted the NCUA website, https://www.mycreditunion.gov/Pages/default.aspx, has resources available in a variety of formats, including brochures, videos and interactive learning tools to help credit unions with their financial education programs.

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