The Cornerstone Credit Union Foundation urged credit unions in Arkansas, Oklahoma and Texas on Thursday to participate in a fundraiser to raise money for Financial Fitness Day on April 2.
The initiative kicks off National Financial Literacy Month in April. To participate, credit unions can hold a jeans/casual day, a bake sale, “donate a buck” day or try their own creative idea to raise awareness of Financial Fitness Day.
“Financial Fitness Day is an opportunity to bring awareness to the importance of having the knowledge and skills to make sound financial decisions,” Cornerstone Foundation Executive Director Courtney Moran said. “The Cornerstone Credit Union League recently conducted a survey of credit union members in our region, and that survey revealed that while 79 percent of survey participants felt it was important to have a household budget, only 5 percent always stick to it.”
Moran said 67 percent of survey respondents indicated that unexepected expenses are the most difficult challenge in sticking to a budget.
“In life, things happen, so when managing a household budget, consumers need to plan for both the expected and unexpected,” Moran said. “Financial Fitness Day is an opportunity for credit unions to help their members achieve greater financial health.”
Credit unions interested in participating can learn more about Financial Fitness Day by visiting the website, which includes campaign resources like sample newsletter articles, stickers, flyers, sample tweets and more.