Minnesota Credit Unions Kick-Off Financial Literacy Month
Tuesday, April 07, 2015
AUSTIN, Minn. – Minnesota Department of Commerce Commissioner Mike Rothman toured the AARP Tax Services center at Accentra Credit Union in Austin to kick off Financial Literacy Month. The Austin AARP tax preparation site serves between 1,500-2,000 area seniors and low income residents.
“We’re celebrating a lot of activities throughout the month,” said Commissioner Rothman. “It’s all about making sure that people from kindergarten through retirement age have the tools and resources to be successful, and Accentra hosts a great program here to help people prepare their taxes.”
Minnesota credit unions continue to be leaders for financial literacy throughout the state through the Minnesota Credit Union Foundation, opening student-managed credit unions in Minnesota schools, and providing educational materials and programs to children, students and adults.
“We also team up with credit unions to help stop fraud from happening in the first place. We have a terrific program with AARP and credit unions throughout the state of Minnesota to try to stop fraud. The idea is to educate people, and give them the financial tools to learn so they can do better in life,” said Rothman.
Over 90 percent of Minnesota Credit Unions help members with their credit score, and most offer low-income financial assistance through loans and grants.
“Financial Literacy is part of the heart and soul of Minnesota credit unions,” said Minnesota Credit Union Network VP-Governmental Affairs Mara Humphrey. “From our over 400 branches and in hundreds of classrooms across Minnesota, our credit unions aim to be on the front line of ensuring people learn about finances and money.”
During April, credit unions will host dozens of events across Minnesota including a visit by Commissioner Rothman to the new student-run branch at St. John’s University in Collegeville.
“Financial Literacy is essential to the future economy of the country. Ensuring that as Baby Boomers retire and more economic responsibility is required from younger generations, understanding money and financial decisions will be critical for a strong economy in the future,” said Minnesota Credit Union Network President & CEO Mark Cummins.
The Minnesota Credit Union Network is the statewide trade association that works to ensure the success, growth and vitality of Minnesota credit unions. With nearly $20 billion in assets, Minnesota credit unions are local, trusted financial cooperatives that serve more than 1.6 million members at 400+ branch locations around the state. As not-for-profit institutions, credit unions give back to the communities they serve. For more information, visit www.mncun.org.