League Announces New Financial Literacy Group for Credit Unions

What better time than Financial Literacy Month to roll out a new initiative that encompasses all of the financial literacy work being done credit unions in Massachusetts, New Hampshire and Rhode Island.  The umbrella identity is the CU Effect which stands for Enhancing and Fostering Financial Education and Capability Together.  A number of initiatives and activities, which are detailed below, have already been planned. 

A website is in the works which will serve as a resource to credit unions that are developing curriculums for use with various populations.  The list of curriculum providers will include: FDIC’s MoneySmarts, NEFE (National Endowment for Financial Education), the NCUF programs, REAL Solutions and BizKids as well as providing contact information for the designated financial educators at specific credit unions.  In addition the site will offer the ability to track Reality Fairs and CU4Reality as well as provide a forum to aggregate what’s being delivered by credit unions to their memberships, schools and communities.

The group has also given the go-ahead to schedule a “Financial Educators Certification “program which will be hosted at League headquarters.  That certification is offered by from the Institute of Financial Certification out of Portland, Maine.  Several credit union employees have already been certified through this program and through this coordinated effort, more credit union representatives can obtain this designation.  The Institute has agreed to provide an instructor for the study program and proctor the exam as well.  We are looking to schedule this session sometime in August.

The League is also sponsoring a scholarship for one credit union representative to attend the National Youth Involvement Board Annual Conference in July of 2014.  Contact Bill Nagle for more information on applying.

Finally, there is a great speaker planned for the fall meeting of CU Effect.  He is the author of two books on peoples’ relationship to their money and moving away from living paycheck to paycheck - Michael Rubin.  He spoke at the NH Jumpstart Conference last month and was entertaining as well as insightful.  This will be a ‘not-to-be-missed’ meeting.