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Coaching members to financial wellness epitomizes the credit union difference

Coaching members to financial wellness epitomizes the credit union difference Roy Bergengren, one of the pioneers of the credit union movement, once said the most important function of a credit union is “the education of its members in the management and control of their own money.” Unfortunately, most Americans don’t learn financial literacy as they grow up, either at home or in school. The 2015 Standard & Poor’s Global Financial Literacy Survey found that while the U.S. was the world’s largest economy, it ranked only 14th in the percentage of adults considered financially knowledgeable (57%).  The same survey asked Americans questions about compound interest, financial diversification and inflation. Only 37% were able to answer correctly.

Redwood Credit Union Wins Industry Marketing Awards

Redwood Credit Union Wins Industry Marketing Awards Share Article Erica Dias, SVP Marketing, Communications & Market Analytics We are honored to be recognized for doing the work we’re passionate about sharing the power of joining a credit union. SANTA ROSA, Calif. (PRWEB) May 06, 2021 Redwood Credit Union (RCU) recently received four Diamond Awards at the annual Credit Union National Association (CUNA) Marketing & Business Development Council conference this year held virtually. Considered the most prestigious annual credit union industry competition, the Diamond Awards provide national recognition of creative excellence and outstanding results. RCU’s Marketing Department was recognized in four categories, including:

Child tax credit money: Plan now for how to use the payments when they begin in July

Child tax credit money: Plan now for how to use the payments when they begin in July CNET 2 hrs ago Clifford Colby © Provided by CNET How could you spend the child tax credit payments for your family? Sarah Tew/CNET As soon as July, you could start receiving the first payment as part of the expanded child tax credit. As a parent, you d normally receive this tax credit each year after filing your income tax return. With President Joe Biden s American Rescue Plan, however, this year you ll get the money in a series of payments through the second half 2021 and into 2022  if you and your family qualify. Depending on your children s ages, you could receive as much as $3,000 or $3,600 per child, over the course of payments. This child credit is in addition to other payments included in the March stimulus bill, such as the third round of stimulus checks. The question is, what do you do with the money? 

Building Financial Health for a Brighter Tomorrow is This Year s International Credit Union Day Theme

‘Building Financial Health for a Brighter Tomorrow’ is This Year’s International Credit Union Day Theme Credit unions will celebrate ICU Day 2021 on Thursday, October 21 May 03, 2021 MADISON, Wis. On October 21, 2021, credit unions worldwide will celebrate International Credit Union Day (ICU Day). This annual event raises global awareness for the credit union movement through outreach, volunteering, fundraising and other ICU Day-themed activities. Credit unions bring financial inclusion and a promising future to people all over the world. Since the first celebration in 1948, ICU Day is a chance to spotlight and celebrate these achievements.  International Credit Union Day is brought to you by World Council of Credit Unions (WOCCU) and Credit Union National Association (CUNA) WOCCU s direct member organization in the United States.

Child tax credit money: Make a plan now for how to use the payments when they come

Child tax credit money: Make a plan now for how to use the payments when they start in July CNET 5/17/2021 Clifford Colby © Provided by CNET How could you spend or save the child tax credit payments for your family? Sarah Tew/CNET These payments could be an opportunity to get your house s finances in order to make sure your family including your children is on a more solid footing. To help you consider the different ways you can use these payments, we spoke with financial experts and credit counselors for their recommendations on ways to spend and save this money, from meeting urgent needs and paying down debt to building up an emergency fund. This expansion of the child tax credit is part of a larger multitrillion-dollar effort by President Joe Biden s administration to lift the country out of the pandemic and put individuals and families on a better economic foundation. This child tax credit is a key piece of Biden s plan to get money into the pocket

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