Financial literacy is about more than just financial planning. Mutuals have a proud tradition of working to improve the financial awareness and circumstances of our members. This tradition has its roots dating back to the first credit union formed in England in 1844, while building societies trace their history back to 1775. The first friendly society was launched in Scotland in 1810.
Through Abacus, credit unions, mutual building societies, mutual banks and friendly societies also take part in national consumer awareness programs on issues from responsible lending to anti-fraud campaigns. Abacus is working with the Australian Government to improve financial literacy levels across Australia.
Credit unions, mutual building societies, mutual banks and friendly societies are committed to ensuring their members have access to information and advice about financial services and their personal budgets.
Free information booklets
Abacus - Australian Mutuals has produced a series of free consumer education booklets to help improve financial literacy, called the "Take Control" series. These booklets are published to help with all aspects of personal finance, from buying a house to protecting against identity theft and fraud. The booklets are free to download by clicking here.
Mutuals are also involved in designing and implementing financial literacy programs for school children and young people, adults, retirees and those about to retire, and for Aboriginal and Torres Strait Islander peoples.
Today, mutuals have an enviable relationship with their members and the community. They use this connection to ensure that their financial literacy initiatives are focused on delivering positive, meaningful and achievable outcomes.
Please contact us for more information on financial literacy programs.