Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
House backs Financial Literacy Month goals
WASHINGTON (4/30/09)—The House adopted a resolution by voice vote Tuesday supporting the goals and ideals of Financial Literacy Month, including raising public awareness about financial education. Financial Literacy Month kicked off the beginning of April, and in a number of states there were gubernatorial proclamations, financial fitness fairs and educational workshops for youth, television shows to educate the public, and plans for motivating young members to save. (News Now April 3) Credit union participation in financial literacy efforts is strong. According to the Credit Union National Association's (CUNA) Financial Literacy Task Force, in 2008 nearly 80% of credit unions with assets of $10 million or more offered financial education to adults or youth, while more than half provide financial education to both. Credit unions with $50 million or more in assets are more likely to offer financial literacy programs than they were in 2005. The House resolution, adopted under suspension of the rules, was introduced by Rep. Ruben Hinjosa (D-Texas) and had 67 co-sponsors. As reported in News Now Tuesday, the need for improved financial education for consumers is great. About 41% of adults said they'd give themselves a C, D or F on financial literacy, according to the 2009 Consumer Financial Literacy Survey, a phone poll conducted annually to gauge the financial literacy of Americans.
Other Resources

RSS print
News Now LiveWire
Expanded ATM services at branches attractive to members: @CFIGroup. See #NewsNow Friday
13 hours ago
#FinCEN imposes civil money penalty against NJ's BPI money services co. for #BSA violations http://t.co/WnDzOcxdOZ
16 hours ago
.@ABCULCUs give hat tip to America's #100MM #creditunion milestone http://t.co/q8yo6Lx3LM
16 hours ago
The @CFPB has announced new Credit Union Advisory Council members, as well as other senior leaders, advisory board and council members.
17 hours ago
GDP expanded 4.2% on an annualized basis in 2Q according to Bureau of Economic Analysis
18 hours ago