Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Financial literacy will help economy recover says CU CEO
CHICAGO (6/23/09)--Financial literacy will help the economy recover, according to David Mooney, president/CEO of Alliant CU in Chicago. “Helping consumers become more financially literate will promote economic recovery,” he said last week at the first annual Global Financial Literacy Summit in Washington, D.C. The summit was headlined by Federal Reserve Board Chairman Ben Bernanke and sponsored by Operation HOPE, a nonprofit organization dedicated to financial literacy empowerment. Alliant CU is an Operation HOPE partner. Mooney spoke about the benefits of financially literate consumers, not only as “better” borrowers and savers, but also as a means to temper business and credit cycles--specifically reducing excessive consumer borrowing, defaults and bankruptcies. Alliant has invested in a charitable foundation whose primary focus is financial literacy, free financial education and counseling. Also, Alliant employee volunteers have conducted more than 250 free financial literacy classes attended by 2,000 middle school students in the last three years, he said. Alliant has more than $6 billion in assets.
Other Resources

RSS





print
News Now LiveWire
Construction spending drops in January, according to @CommerceGov http://t.co/W9J1mDyF8X #Market #NewsNow
11 hours ago
During Nat'l Consumer Protection Week, @TheNCUA reminds #CU members of agency resources re: rights as consumers. http://t.co/aYgW1HoDmF
13 hours ago
.@TransUnion: #millennials climbing into driver's seat with loans http://t.co/S4H9OIB3Av
14 hours ago
Breaking at #NewsNow: @CUNA backed bill introduced by @RepEdRoyce @GregoryMeeks would raise MBL cap. #CUSmallBiz http://t.co/ZDAb2UMoQz
15 hours ago
Loan growth at federally insured #creditunions in 2014 climbed to highest level since 2005, @TheNCUA reported today. Watch News Now Tues.
15 hours ago