What is financial literacy?

Financial literacy is the knowledge necessary to make financially responsible decisions that are integral to our daily lives. Financial literacy provides the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being. These learning tools include understanding how a checking account works, what using a credit card means and how to avoid debt; establishing and maintaining a budget; learning about buying a home, and ensuring income at retirement.

Why is financial literacy important?

Learning to manage financial matters enables individuals to take effective action to fulfill personal, family, and even global community goals. A well-informed consumer is critical to a strong and stable economy.

In 2017, only 40% of adults in the U.S. have a budget. (Source: NFCC 2017 Consumer Financial Literacy Survey)

More than 1 in 4 U.S. adults (27%) do not save anything for retirement. (Source: NFCC 2017 Consumer Financial Literacy Survey)

Of U.S. adults, 39% carry credit card debt month-to-month. (Source: NFCC 2017 Consumer Financial Literacy Survey)

What People Are Saying About FCCU Foundation

I can’t say enough about Andre Harris and the FCCU Foundation.  Mr. Harris has invested time on more than one occasion educating my seniors about financial matters that they will face in the real world. The seminars were engaging, fun and highly informative!

Linda Nelson, Lincoln High School, Tallahassee, Florida

I highly recommend FCCU Foundation’s training to any group eager to learn essential skills for managing money and credit.

Executive Director, Woodleaf Senior Care, Thomasville, GA

Board of Directors

Cecilia Homison

Kim Howes

The FCCU Foundation, Inc., is a legally recognized, 501(c)(3) non-profit entity that operates with the support of, but exists separate and apart from, First Commerce Credit Union.