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Washington
Presidents council on fin lit to meet Nov. 3
WASHINGTON (10/8/09)--The President's Advisory Council on Financial Literacy has scheduled an open meeting for Nov. 3 to discuss the council's priorities and how it can best advise the President and the Secretary of the Treasury. According to a Federal Register announcement of the meeting, a Treasury official also will provide an update about the status of the recommendations made by the advisory council in January 2008. The 19-member advisory panel was established under then-President George W. Bush. The National Endowment for Financial Education (NEFE)—the Credit Union National Association's partner in expanding financial literacy education throughout U.S. schools--was named as member to the new board. At the inaugural meeting in February 2008, NEFE CEO Ted Beck told the council that NEFE's High School Financial Planning Program (HSFPP) has reached more than 800,000 high school students. He also noted NEFE's efforts to create a pilot program for college students. CUNA’s own Financial Literacy Task Force has found that credit unions have been strong backers of financial literacy efforts. At the time the President’s council was launched, a CUNA poll found that nearly 80% of responding credit unions with assets of $10 million or more offered financial education to adults or youth. To participate in the advisory council session, please refer to the Federal Register link below.
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