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News Now

Washington
Texas foundation applauds presidents fin lit commitment
FARMERS' BRANCH, Texas (12/22/09)--The Texas Credit Union Foundation (TCUF) lauded the Obama administration for its plans to implement a nationwide financial education program for students. Credit unions throughout the nation have long been championing financial literacy. TCUF helped bring the National Endowment for Financial Education (NEFE)'s accredited High School Financial Planning Program (HSFPP) to schools in Texas, TCUF said (LoneStar Leaguer Dec. 21). TCUF has taken the program a step further and developed Project NEFE as a training program in the community. The Treasury Department and the Department of Education teamed up to offer the National Financial Capability Challenge, a nationwide initiative aimed at providing students, especially in economically disadvantaged communities, a chance to build their financial understanding "No matter your background, the need for an understanding of basic financial principles and operations is fundamental, and we at the foundation are adamant in our support of President Obama's decision," said Courtney Nickles, executive director at TCUF. TCUF also worked with state legislators to support a state law in 2005 to require financial literacy education as a prerequisite to high school graduation. A number of state league associations have made similar efforts to get financial literacy education mandated in their state's educational curriculum.
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