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Washington
CUNA supports Treasury Fin. Lit. Honor Roll
WASHINGTON (10/29/08)—Efforts to improve Americans financial literacy are always relevant, and their importance just increases during troubled economic times such as the country currently faces, wrote the Credit Union National Association (CUNA) in a letter to the U.S. Treasury Dept. CUNA comments focused on a proposed Treasury program to establish what it has labeled it Workplace Financial Honor Roll, intended to encourage employers to implement efforts that will enhance employee financial knowledge, CUNA told the Treasury that it supports such a program as a means to reach an important goal of expanding current financial education efforts to reach more Americans. CUNA wrote, “We believe that targeting those at the workplace can be an important means to reach a sector of the public that may otherwise be inaccessible. “ However, CUNA expressed concern regarding the financial and resource requirements the program is likely to place on participating organizations. “Having several concerns about the feasibility of implementing such programs, we ask that the Office of Financial Education offer guidance on establishing and maintaining such programs with minimal costs to the organization,” the CUNA letter said. Additionally, CUNA sought suggestions on how and organization could effectively reach employees, as well as encourage participation in the program. Use the resource link below to read CUNA’s complete comment.
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