institutions,” Guthrie says. A recent poll carried out by CCUA also concluded that credit union members were less likely to worry about their finances compared to their financial counterparts, felt more comfortable with their personal debt levels, and had enough saved for six months in case of emergency. The Each One Teach One Financial Literacy Program is a prime example of the work Canada’s credit unions do in sharing their knowledge with members who are keen on improving their financial literacy without being tied to a product or service. “There are members who do not come from a financial background or were not educated in finance management, which is why having volunteer credit union staff meet and work with thousands of members from coast-to-coast to help them increase their financial knowledge, skills and confidence is so important,” Guthrie says. By providing accessible resources to members 29 CIVIL AND MUNICIPAL VOLUME 05, ISSUE 07 CANADIAN CREDI T UNION ASSOCIAT ION
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