Financial Literacy Month

Financial Literacy Month

April is Financial Literacy Month, and at COPFCU, we’re dedicated to helping our members strengthen their financial knowledge and skills. As a member-owned cooperative, we believe in the power of financial education to empower individuals and families to achieve their goals and dreams.

Enhance Your Financial Well-Being

Whether you’re just starting your journey to financial wellness or looking to enhance your existing knowledge, this month provides an excellent opportunity to expand your financial literacy and take control of your financial life. Here are some ways you can participate in Financial Literacy Month and enhance your financial well-being.

1. Educate Yourself

Take advantage of the wealth of resources available online, from informative articles and videos to interactive tools and courses. Look for topics that interest you, such as budgeting, investing, debt management, or retirement planning, and commit to learning something new each day.

2. Set Financial Goals

Take some time to reflect on your financial goals and aspirations. Whether it’s buying a home, saving for your children’s education, or retiring comfortably, clearly defined goals provide direction and motivation for your financial journey. Write down your goals, break them into manageable steps, and create a plan to achieve them.

3. Create a Budget

A budget is the foundation of a strong financial plan. Track your income and expenses to understand where your money is going each month. Identify areas where you can cut back on unnecessary spending and allocate more towards your savings goals. Remember, a budget is a flexible tool that can be adjusted as your circumstances change.

4. Build an Emergency Fund

Life is full of unexpected surprises, from car repairs to medical expenses. Having an emergency fund in place can provide peace of mind and protect you from financial setbacks. Aim to save enough to cover three to six months’ worth of living expenses in a readily accessible account.

5. Invest Wisely

Investing is a powerful tool for building wealth over the long term. Whether you’re saving for retirement or other financial goals, familiarize yourself with the different investment options available, such as stocks, bonds, mutual funds, and real estate. Consider consulting with a financial advisor to develop an investment strategy tailored to your risk tolerance and objectives.

6. Review Your Credit Regularly.

Given the vast volume of data circulating among companies and the three primary credit bureaus, errors are inevitable. This reality underscores the importance of obtaining your credit report annually, regardless of your prompt bill payments and strong credit record.

Consider adopting a strategic approach by examining your credit reports on a weekly basis. Utilizing resources like SavvyMoney, a free tool for members within the COPFCU mobile app and online banking, grants members real-time access to scores and reports year-round.

7. Stay Vigilant Against Fraud and Scams.

Each year, scam artists and identity thieves steal billions of dollars from unsuspecting individuals. Stay informed on the latest fraud scams and security alerts and learn how to promptly respond if you suspect fraudulent activity on your account.

8. Seek Assistance When Needed.

If you’re facing financial difficulties, reach out promptly to your credit union, bank, credit card issuer, utility provider, mortgage lender, or landlord. While asking for help may be challenging, it’s preferable to negotiate a payment plan rather than allowing the account to become delinquent.


This Financial Literacy Month, we invite you to join us in prioritizing your financial well-being and taking steps to build a brighter financial future. Whether you’re just starting your financial journey or looking to enhance your existing knowledge, COPFCU is here to support you every step of the way.

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