On the heels of Older Americans month, the National Credit Union Foundation (the Foundation) is hosting a Twitter chat for credit unions on Wednesday, June 8th at 3 pm (CT). The Foundation invites credit unions to discuss their activities to improve and protect the financial lives of senior citizens.
“While older Americans are only a small percentage of the population, they account for almost 30% of fraud victims,” said Christopher Morris, Foundation Director of Communications. “Also, 39% of non-retirees
have given little or no thought to financial planning for retirement
and 31% have no retirement savings or pension."
Credit union supporters are encouraged to nominate individuals and organizations for the Herb Wegner Memorial Awards to be presented by the National Credit Union Foundation. Winners will be honored at the Foundation’s annual awards dinner on February 27, 2017 in conjunction with the Credit Union National Association (CUNA) Governmental Affairs Conference (GAC) in Washington, D.C.“If you look at the list of past Wegner Awardees, you’ll see they are all truly a model of tireless dedication to the credit union philosophy of ‘people helping people,’” said Danielle Brown, Foundation Director of Donor Relations and Development.
In 2014, there were 46.7 million people in poverty. This is up from 37.3 million in 2007. The number of low-income people is near the largest number in the 52 years for which poverty statistics have been published.
Wow. It’s not just folks in poverty either scraping by. Nearly half of Americans would have trouble finding $400 to pay for an emergency, even those considered “middle-class.”