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Illinois state senator receives Desjardins
NAPERVILLE, Ill. (5/18/09)--Illinois State Sen. Jacqueline Collins (D-Chicago) was presented with the 2009 Desjardins Youth Financial Literacy Award for State Lawmakers by the Illinois Credit Union League during the league's Legislative Day in Springfield.
Illinois Credit Union League President/CEO Dan Plauda presents the 2009 Desjardins Youth Financial Literacy Award for State Lawmakers to state Sen. Jacqueline Collins (D-Chicago) during the league's annual Legislative Day in Springfield. (Photo provided by the Illinois Credit Union League)
Collins, who chairs the state Senate Financial Institutions Committee, was nominated for her active leadership role in working to create enhanced opportunities to promote financial literacy throughout Illinois schools. During the 95th Illinois General Assembly, she helped enact four legislative measures:
* S. B. 2098 (P.A. 95-920), which authorizes the state treasurer to create the State Treasurer Financial Education and Savings Not-for-Profit Corp. to promote financial literacy and savings, and to issue grants and scholarships; * S.B. 2378 (P.A. 95-0863), which amends the School Code to add these topics to the financial literacy component of consumer education: home ownership, how to obtain a mortgage, fixed- and adjustable-rate mortgages, subprime loans and predatory lending; * H.B. 1662 (P.A. 95-0358), which creates the Illinois Children's Savings Accounts Act and a task force to come up with a plan to implement a savings account at birth for every child born in Illinois to state residents; * S.B. 2191 (P.A. 94-0929), which amends the School Code and State Finance Act and requires the State Board of Education to develop and adopt curricula, materials and guidelines for school boards in implementing financial literacy instruction within courses offered in the state's public high schools. It also creates a Financial Literacy Fund in the Treasury for grants to school districts for financial literacy.
The Desjardins award is sponsored by the Credit Union National Association (CUNA). "Senator Collins has shown great leadership in helping to promote financial literacy education for students and residents across Illinois," said Dan Plauda, league president/CEO. "We are pleased that CUNA has chosen her for this award and that we had the opportunity to honor her in front of so many credit union political activists.
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