WASHINGTON -- Credit unions have become one of the nation's leading providers of financial education, to youth, the elderly, low- and moderate-income families and individuals and to new immigrants, lawmakers reviewing the nation's financial literacy were told last week.
In fact, 94% credit unions surveyed by NAFCU recently said they offer some kind of financial education programs, Frank Pollack, president of Pentagon FCU, told the House Financial Services Committee subcommittee on Financial Institutions and Consumer Credit, during a routine oversight hearing.
The need for financial education was never greater than now, said Pollack, who was appearing on …
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