ALBANY, N.Y.—With Financial Literacy Month taking place during April, credit unions in this state are reporting they provided financial education to more than 402,000 individuals in 2014, according to the New York Credit Union Association’s 2014 MORE Report.
The report is an annual compilation of credit union outreach stories that celebrates the positive difference New York credit unions make for their members and communities. The full report will be available in the coming weeks, according to the NYCUA.
According to the MORE Report, New York’s CUs provided:
- More than 14,000 in-classroom lessons on saving, budgeting and other financial skills.
- Financial education lessons to more than 230,000 youths and 172,000 adults.
- Personal financial counseling sessions to more than 390,000 individuals.
- More than $3.3 million in college scholarships.
“The state’s credit unions are certainly doing their part when it comes to providing financial literacy lessons to those who need it the most” said NYCUA President and CEO William J. Mellin in a statement.