Credit Unions are actively involved on a day to day basis in improving the financial literacy of their members even though in the majority of cases there is not a "financial literacy" policy, structured programme or specific responsible member of staff. A lot of the work is on an informal basis and as such is not well documented.
Below are some of the areas in which credit unions work on a day to day basis in improving financial literacy:
- Induction of New Members
- Leaflets and Newsletters
- Education of Volunteers
- Board of Directors receive training in directing the credit union,
- Links with Debt Counseling agencies
- Financial Management/Budget planning
- Seminars/Short Courses
- Videos
- Websites
- Partnerships with other organisations
- In many areas "New Deal" employees and credit unions are finding mutual benefits and opportunities in employment and training within the credit union.
ABCUL has produced member education leaflets which can be distributed by credit unions to their members.