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Helpful Financial Literacy Programs

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Financial literacy is about more than just financial planning. Customer owned banking institutions 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 the Customer Owned Banking Association, 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. The association is working with the Australian Government to improve financial literacy levels across Australia.

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