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News Now

CU System
CUs Play Prominent Role In NJ Fin. Lit. Coalition
MERCERVILLE, N.J. (12/9/13)--High school requirements for personal finance courses were the highlight of a recent financial literacy symposium in New Jersey.
 
The New Jersey Coalition for Financial Education is one of the New Jersey Credit Union Foundation's partners, and it hosted the seventh annual Financial Literacy Symposium Dec. 5 (The Daily Exchange Dec. 6).
 
New Jersey credit union representatives talked about financial literacy during a symposium Dec. 5. (Photo courtesy of The Daily Exchange)
New Jersey is one of 16 states that three years ago added the personal finance course requirement for high school graduation. Nine New Jersey schools participated in the pilot, and the initial findings were discussed at the symposium.
 
The data appears to support a full year of courses--students who took the test in the spring semester had better post-test scores than those who took the test after having just the fall semester, said Candice Nigro, league director of marketing and communications. A full report will be released next year.
 
New Jersey Credit Union League President/CEO Greg Michlig moderated the panel.
 
The audience included teachers, community leaders, financial advisers, and Social Security Administration representatives. Afterward, many of the attendees thanked Michlig for being a resource for their students, Nigro told News Now, adding, "they also said it was good education for themselves."
 
Credit union representatives on the panel were:
  • Ann South, president/CEO, Novartis FCU, East Hanover, and foundation chair;
  • Lou Vetere, CEO, Garden Savings FCU, Parsippany, and league chairman;
  • Cindy Rein-Zima, president/CEO, Hamilton Horizons FCY, Hamilton, and foundation board member;
  • Bret Rigby, president/CEO, Deepwater Industries FCU, Deepwater; and
  • Jean-Albert Maisonneuve, vice president of marketing and eCommerce, Affinity FCU, Basking Ridge.
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