NSCU ahead of curve on task force recommendations

  • Mar. 4, 2011 6:00 a.m.

Submitted by Northern Savings Credit Union–On February 9, the Federal Government’s Task Force on Financial Literacy released recommendations for a national financial literacy strategy to the Minister of Finance. “Financial literacy is critical to the prosperity of Canadians and the nation,” said Task Force Chair Donald A. Stewart, while another member said “Achieving real progress will require concerted and cooperative efforts among all stakeholders: from individual Canadians to governments at all levels, from a small non-profit helping new Canadians flourish to financial services providers and businesses throughout the economy. This plan builds on financial literacy work already underway by many groups and individuals.”Five years ago, The Association of Service Providers for Employability & Career Training (ASPECT), a Victoria not-for-profit organization recognized that a lack of financial literacy often impacted individuals’ ability to maintain employment. With funding from Vancity Credit Union and support from Social and Enterprise Development Innovations (SEDI), and the Financial Consumer Agency of Canada, ASPECT developed a self-directed, online financial literacy program called Your Money Matters. Designed to help all people gain basic money management skills, Your Money Matters features sequences that animate financial processes. The program covers issues such as understanding payroll deductions, filing income tax, making smart banking decisions, dealing with debt, differentiating between essential and non-essential spending and saving.Northern Savings Credit Union also recognized the importance of increasing financial literacy and approached ASPECT with a proposal to make Your Money Matters available to their members and sponsor licenses for organizations in Northern BC. Since 2008, Northern Savings has 16 sponsored licenses for high schools, libraries, First Nations and community organizations, and for the local community college. “.Having the tools to make solid financial decisions is indispensable. The Your Money Matters Program contains significant, easy to comprehend, financial advice that can be delivered where people are most comfortable. For Northern Savings Credit Union, Your Money Matters has assisted us in strengthening community partnerships and building capacity for the future.” says Bill Nicholls, NSCU’s Interim CEO.

Just Posted

In Pictures: Expression Sessions hangs ten

Wave gods smile on the 10th edition of the Haida Gwaii surf festival

Haida Gwaii Sea Cadets set sail

Some young salts joined the Remembrance Day parade in Queen Charlotte last… Continue reading

Rough seas delay Prince Rupert/Haida Gwaii ferry

Northern Expedition is expected to leave Prince Rupert for Haida Gwaii at noon on Tuesday, Nov. 13

In Pictures: Remembrance Day in Queen Charlotte

Drums, bells and bagpipes sounded across Haida Gwaii this Remembrance Day, which… Continue reading

B.C. Legions in need of young members to continue aiding veterans into the future

Lest we forget what thousands of men and women did to fight for Canada’s freedoms – but without new membership, many Legion chapters face dwindling numbers

People flocking to Vancouver Island city to see hundreds of sea lions

Each year the combination of Steller and California sea lions take over Cowichan Bay

Commercial trucks banned from left lane of Coquihalla

B.C.’s Ministry of Transportation has introduced a new program that hopes to prevent accidents and closures on the Coquihalla Highway.

B.C. on track to record same number of overdose deaths as last year

128 people died of overdoses in September, bringing the total to more than 1,100 so far in 2018

B.C. firefighters rescue horse stuck in mud

‘It happens more often than you’d think,’ says deputy chief

Canadians more prepared for weather disaster than financial one: poll

RBC recommends people check their bank app as often as the weather app

B.C. dog owner sues after pet killed in beaver trap

A Kamloops man is suing the operator of a trapline north of the city after his dog died

Heading soccer balls can cause damage to brain cells: UBC study

Roughly 42 per cent of children in the country play soccer, according to statistics from Heritage Canada

Supreme Court hears case on migrant detainees’ rights to challenge incarceration

Currently, migrants who do not hold Canadian citizenship can only challenge detention through an immigration tribunal or a judicial review.

Canada Post issues new offer to employees as eBay calls on Ottawa to end strikes

Ebay is calling on the federal government to legislate an end to the Canada Post contract dispute, warning that quick action is needed to ensure retailers don’t lose out on critical Black Friday and Cyber Monday sales.

Most Read