When you have a credit union named Teachers Federal Credit Union, National Financial Literacy Month is a big deal. And the significance is not lost on its leadership.
Robert Allen, president and CEO of TFCU, said there’s a long history of financial education for the communities they serve in Long Island, N.Y. since 1952. “Education, I believe, is in our DNA and continues that way with a number of our board members from the teaching community so it’s evolved through the years and grown quite a bit,” said Allen.
Allen sat down with CU Times for a Skype interview to discuss their ongoing support for making TFCU members and those in its community smarter with their money.
“It’s critically important for us to invest in the next generation,” Allen continued. He believes TFCU is on the right track with having such a tight focus on every generation, because each generation requires a differrent message concerning financial education.
“When credit unions nurture consumers to become financial literate, savvy, to know what they’re doing – it benefits all of us.” He continued, “I believe that the more financially literate people are, the more they’ll choose credit unions.”
All month long, CU Times will feature financial literacy and education efforts happening around the credit union industry here on our website and our social media channels.
To watch and listen to the full interview with Robert Allen, click on the video below – or click here.
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