Letter to Rep Judy Biggert regarding Financial Literarcy
April 28, 2004
The Honorable Judy Biggert
1213 Longworth House Office Building
Washington, DC 20515
Dear Representative Biggert,
On behalf of the Credit Union National Association (CUNA), which represents nearly 85 million credit union members, I would like to thank you for your introduction of H. Res. 578, which supports the goals and ideals of Financial Literacy Month.
H. Res. 578 requests that the President promote financial literacy by issuing a proclamation calling on schools, nonprofit organizations, businesses, government entities on the federal, state, and local levels, and citizens to observe the month with appropriate programs and activities.
To aid in this endeavor, CUNA has established April 18th - 24th as National Credit Union Youth Week, and provides financial literacy resources to credit unions year-round to assist young people and help them manage their own money wisely.
Additionally, CUNA has partnered with the National Endowment for Financial Education (NEFE) and the Cooperative Extension Service to provide schools with free workbooks on financial literacy that can easily fit into an existing curriculum. Many credit unions have volunteered their time to teach the materials to better prepare students for college, covering issues such as credit cards, interest, minimum payments, and checking accounts.
Again, CUNA and its member credit unions strongly support H. Res. 578 and appreciate your efforts to bring financial literacy to students nationwide.
Daniel A. Mica