Washington State fin lit work group includes CUs

OLYMPIA, Wash. (4/29/08)--The Washington Financial Literacy Work Group has been created and includes several representatives from the state's credit union industry.

The work group was developed in response to legislation sponsored by Gov. Chris Gregoire to assess financial literacy in the state.

Group members from the credit union industry include:

• Stacy Augustine, senior vice president and general counsel, Washington Credit Union League;

• Cathy Brorson, outreach coordinator, Kitsap CU, Bremerton, and chairman, Credit Union Youth Development Council of Washington; and

• Linda Jekel, director, Division of Credit Unions, Washington Department of Financial Institutions.

Specifically, the group is tasked with addressing three issues presented in Senate Bill 6272, which the governor signed on Feb. 11:

• To identify current state-funded efforts to support financial literacy;

• To assess whether there are opportunities to create a centralized location of information regarding the existing state efforts; and

• To identify whether opportunities exist for expanding partnerships with other community entities that also provide financial literacy services.

The work group will determine the status of financial literacy in the state and define what action is necessary to increase financial literacy at all age levels. The group will provide regular interim reports on its findings and submit a final report to the governor and legislature by Dec. 1.

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