April is Financial Capability Month
ShareHere at Member One, we make it a priority to help our members grow their financial knowledge.
Originally established as National Financial Literacy Month in 2004, April is now recognized as National Financial Capability Month.
While many may understand financial literacy, here's how the United States government defined Financial Capability when establishing the President's Advisory Council on Financial Capability in 2010.
Financial capability is the capacity, based on knowledge, skills, and access, to manage financial resources effectively. In order to develop this capacity, individuals must have appropriate access to and understanding of financial products, services, and concepts. Financial capability empowers individuals to make informed choices, avoid pitfalls, know where to go for help, and take other actions to improve their present and long-term financial well-being.
As a credit union, promoting financial literacy and capability are part of our core mission. That's why we offer a variety of free courses to help you better understand and manage your finances.
You can access courses on budgeting, taxes, family finances, and more by visiting our Financial Education Center. These courses will help you to develop healthy financial habits, understand how to file taxes, and facilitate conversations about money with your family.
We are committed to helping our members achieve their financial goals, whether it's saving for retirement, buying a home or car, or understanding the fundamentals of money management. Our modules provide valuable information that can help you achieve these goals and more.
Watch this video from the National Credit Union Administration to learn more:
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