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CU System
Treasury Department FCU testifies for fin-lit efforts
WASHINGTON (1/30/08)--Treasury Department FCU Vice President Lynette Smith testified in favor of the Financial Literacy Council Establishment Act last week before the District of Columbia’s city council. The financial literacy council created by the act would advise Washington, D.C.’s mayor and city council to promote financial education and awareness in the District of Columbia. The legislation also would require public school systems to have mandatory financial literacy education in high schools (Focus Newsletter Jan. 28). The Maryland and District of Columbia Credit Union Association board has voted in to support the legislation. Credit union officials hope to be a part of the financial literacy council if the legislation is approved, the association said. Area credit unions offer financial literacy training to members. One example is the Hope Inside Program, which will launch this week with Operation Hope, Smith said at the hearing.
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