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CU System
Universal savings accounts topic at Filene ACUC lunch
MADISON, Wis. (6/10/09)--Universal savings accounts will be discussed during the Filene Research Institute’s 2009 Membership Luncheon and Annual Meeting during the Credit Union National Association’s America’s Credit Union Conference and Expo in Boston. The lunch will take place June 22 from 11:30 a.m. to 1 p.m. EDT. Keynoting the event will be Fred Goldberg, partner at Skadden, Arps, Slate, Leagher and Flom. The event also will feature special guest Tim Flacke, executive director, D2D Fund. Universal savings accounts have been available for more than 15 years and can be used for getting a post-secondary education, purchasing a first home, making investments, starting a small business and building retirement. Credit unions are ideally suited to implement the accounts, which could help Americans develop savings and assets, according to Filene. Great Britain implemented a universal savings account program in 2005 for its 700,000 children born each year. The accounts have triggered a dramatic increase in savings rates among poor families, Filene said. America’s Credit Union Conference and Expo will take place June 21-24 in Boston.
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