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Australian CUs have experienced strong growth in retail deposits at the expense of their regional banking rivals. http://ow.ly/goIE 2 days ago

Yakima Valley CUs have benefited from larger banks troubles as membership, deposit growth, and overall presence expand. http://ow.ly/goHD 2 days ago

Florida Central CU names CUNA board member Laida Garcia as president, CEO. Garcia succeeds the late Ed Gallagly. See http://ow.ly/gnw7 2 days ago

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Wash. State CUs have seen a 313% mortgage loan increase over the last 10 years, with lower car loan, savings deposit increases. See Mon. NN. 2 days ago

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New fin-lit resources on cunapfi.org

WASHINGTON (4/28/08)—Does financial literacy education really work? What's on the minds and in the wallets of Generations X and Y? What advice do you have for the President's council of financial literacy mavens?

These are some of the reasons to visit cunapfi.org, CUNA's financial literacy resource center.

"The Financial Literacy Task Force under CUNA board member and former Chair Juri Valdov recommended that CUNA develop a clearinghouse for anyone in the credit union movement who was looking for statistics, methods, and materials to improve the ability of members and potential members to manage their money wisely using credit union services," explained Mark Condon , senior vice president of CUNA's Research & Advisory Services.

"We hope that financial literacy advocates throughout the credit union movement will use cunapfi.org as a jumping-off point for their efforts to help people of all ages and economic means make better use of their income and build wealth," Condon added.

Among the most recent additions to cunapfi.org:

• "Evidence and ideology in assessing the effectiveness of financial literacy education. (Research analysis from Lauren E. Willis, University of Pennsylvania Law School.)

• "A look at the financial state of Gen X and Gen Y." (A new study from the American Savings Education Council and AARP.)

• "2008 parents and money survey." (The views, behavior, and knowledge of spending, saving, borrowing, and earning money of American teenagers between the ages of 13-18, as seen through the eyes of their parents, from the Charles Schwab Corp.)

• "Here's your chance to tell the government what to do." (An online soapbox for comments for the President's Advisory Council on Financial Literacy—requires free registration/login.

• Federal Deposit Insurance Corp. (FDIC) statement on financial literacy and education." (Congressional testimony from the FDIC's Robert W. Mooney.)

Resource Links

PF Interactive

Personal Finance Institute