NCUA Launches MyCreditUnion.gov

Friday, March 11, 2011 11:51:00 AM

ALEXANDRIA, Va. - NCUA this week launched MyCreditUnion.gov, a new Web site that offers "a one-stop toolbox of educational information and personal finance tips designed to help individuals in making smart financial decisions and better choices for their money."

The Web site contains background information on the credit union system and tells interested parties how they can start their own credit union. The site also addresses the needs of consumers by helping users locate local credit unions and reminding existing and potential members that up to $250,000 worth of funds placed in a credit union are covered by the NCUA's deposit insurance fund. The site also "provides important pointers for resolving credit union member complaints," according to NCUA.

More general information on key financial concepts like saving, borrowing, managing credit, and obtaining free credit reports are covered by the site.

"The best way for consumers to protect their money and to get the best financial deal is to learn the most that they can about financial products and services before signing on the dotted line," NCUA Chairman Debbie Matz said in comments accompanying the release. "Whether it's a car loan, a mortgage, a credit card, or a short-term alternative loan, smart consumers need to do their financial homework."

NCUA has timed the launch to coincide with National Consumer Protection Week, which runs through March 12, and aims to highlight consumer protection and education efforts around the country.

NCUA's Media Advisory is available at: http://www.ncua.gov/news/press_releases/2011/MR11-0309MyCreditUnionDotGovWebsiteLaunch.pdf
 

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