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CU System
AVCU state regulator offer free investor ed to CU staff
BURLINGTON, Vt. (2/6/12)--The Association of Vermont Credit Unions (AVCU) and the Vermont Department of Banking, Insurance, Securities and Health Care Administration (BISHCA) announced a program that offers free investor education to credit union employees, available in Vermont this spring and early summer.

The Investor Education in Your Workplace (IEiYW) program is a 10-hour online investment and financial education program that credit union employees can complete over 10 weeks (Newslines Express Feb. 3).

The program was piloted in more than 200 companies throughout Wisconsin, Pennsylvania and North Carolina. Vermont's IEiYW program will begin in April and end in July, with topics ranging from the basics of saving and investing to taxes and retirement planning.

Participation in the education program is available free for up to 250 employees of Vermont credit unions and is sponsored and underwritten by the nonprofit Investor Protection Trust.

Employees nationwide are expressing less confidence in their ability to effectively manage their finances and prepare for their futures, AVCU said. BISHCA and AVCU said they believe the program will directly benefit credit union employees and will also educate them better so they are more prepared to answer member questions about investing.


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