Libro partners to bring financial literacy to southwestern Ontario

For Immediate Release
Thursday, November 24, 2016

Libro Credit Union partners to bring credit union-led financial literacy to southwestern Ontario

LONDON, ON - Libro Credit Union (Libro) has joined Canadian credit unions across the country as they mark Financial Literacy Month by celebrating the national launch of an award-winning financial literacy program: Each One, Teach One.

The program, originally created by Vancity credit union in 2008, has expanded to include 60 Canadian Credit Union Association-affiliated credit unions across the country, with more than 100 credit union employees certified to deliver financial literacy workshops in their own communities. Libro is proud to be one of these credit unions now certified to offer these workshops.

The Each One, Teach One program is delivered by credit union staff who volunteer to cover key topics, including basic banking, budgeting, taxation, developing a credit history, loans, credit card knowledge, fraud prevention and more.

"Financial literacy is one of the first steps on the road to economic strength and independence," said Linda Morris, Vancity's Senior Vice-President of Member Community Engagement. "We created this program to provide members of our community with the knowledge, skills and confidence they need to make informed financial decisions. We are excited that so many other Canadian credit unions are able to bring this knowledge and information to members of their own communities."

To celebrate Financial Literacy Month, Libro is training a team of 16 staff who will become certified Each One, Teach One trainers and will deliver the financial literacy workshops on a volunteer basis.

"The Each One, Teach One program is well-aligned with Libro's vision to grow prosperity in southwestern Ontario by transforming banking," said Tania Goodine, Executive Vice President Engagement at Libro Credit Union. "Financial literacy is a key focus area in our community investment program and this is a tremendous opportunity for staff to share their knowledge, financial expertise and passion across the communities we serve. Libro staff have always been highly engaged as caring volunteers and the interest in this program has been incredible."

To learn more about the Each One, Teach One workshops, please email financial.literacy@libro.ca.


About Libro Credit Union

Libro is Ontario's third largest credit union with $4 billion in assets under administration and more than 103,000 Owners across southwestern Ontario and has been recognized as a 2016 & 2017 Platinum Level Aon Best Employer in Canada. As a co-operative financial institution with more than 70 years of history, Libro supports the well-being of people, businesses and communities by providing high-quality financial coaching and profit sharing. Libro is proud to support The Prosperity Project, which aims to grow prosperity in southwestern Ontario by mobilizing and inspiring collaboration, strengthening the financial health of people, families and businesses, and investing in our communities to help the region prosper together. Libro offers a full range of financial products and services for consumers, businesses and farms, including savings and chequing, investing, and borrowing. Great service can be experienced through 31 branches, online, telephone, mobile devices and a network of 4,000 ATMs across Canada.

For further information or to set-up an interview, please contact:

Mike Donachie, Communications Manager
Libro Credit Union
P: 519-672-0130 ext. 4344
Mike.Donachie@libro.ca