Credit unions need to maintain a certain net worth ratio to be considered well-capitalized, and many go above and beyond to ensure the safety of their institution. CUSO Magazine’s Esteban Camargo wonders whether it is possible to be too safe when managing net worth.
In an effort to educate their members on all things financial wellness, credit unions are often in danger of skipping over how they can educate their members as owners. Emily Claus discusses the importance of ownership education and how credit unions can teach “the obvious.”
April marks the start of Financial Literacy Month, where credit unions, schools, and financial institutions alike work to improve financial education across the country. Emily Claus details the history of the event, how credit unions are celebrating this year, and how you can get in on all the festitivites!