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Letters to Reps Hinojosa and Biggert Supporting H Res 148

Letters to Congress

Letters to Reps. Hinojosa and Biggert Supporting H. Res 148

April 7, 2005

The Honorable Ruben Hinojosa
2463 Rayburn House Office Building
Washington, DC 20515

Dear Representative Hinojosa,

On behalf of the Credit Union National Association (CUNA), which represents nearly 86 million credit union members, I would like to thank you for your introduction of H. Res. 148, which supports the goals and ideals of Financial Literacy Month.

H. Res. 148 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 17th - 23rd 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. 148, as well as your effort to create the Congressional Caucus on Financial and Economic Literacy. We look forward to working with you and greatly appreciate your efforts to bring financial literacy to students nationwide.

Sincerely,

Daniel A. Mica
President & CEO
Credit Union National Association

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